Charts of Note

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I didn't find a whole lot worth posting as most stocks are just trapped in a trading range. I'm still of the opinion that the indices are rolling over -- if ever so slowly. I'm also still expecting an increase in volatility. Note the Bollinger Band Squeezes on the Nasdaq and S&P 500 which also indicate that we should get an expansion in volatility.

(Update: I forgot to mention the volume. I wouldn't make too much of the volume increases on Friday. That was due to all the index rebalancing on Friday as well as expiration.)

In addition to the S&P 500 and Nasdaq, here are charts of the Eastern Europe ETF (RNE), Nasdaq Stock Market (NDAQ), NetFlix (NFLX) and Titanium Metals Corp. (TIE):






1 Comment

Great call on the indices Mike. By the way, GOOG seemed to have put in a (short/intermediate term?) top with a high volume reversal today.

Thanks for your time and the informative charts.

Andy

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This page contains a single entry by Michael published on December 18, 2005 8:04 PM.

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