Technical talk: Expect more volatility for equities

 EmailPrint This Post Print This Post

The comments below were provided by Kevin Lane of Fusion IQ.

As seen from the chart below, the S&P 500 Index hit minor resistance a few trading sessions back near the 1,112 level (red line and red arrow). Until this level is taken out the near-term directional bias remains neutral.

Lower down, the key level to watch is in the 1,072 area (lower green line). This line represents a much more significant uptrend line and if violated would suggest a bigger correction.

Sentiment indicators are neutral at present, which is a positive, while market breadth remains a mixed bag.

Clearly the recent trading activity suggests volatility will be more present in day-to-day trading than over the past few months.

fusion-iq-250210

Source: Kevin Lane, Fusion IQ, February 25, 2010.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

More on this topic (What's this?)
Market Volatility In Perspective
High Beta Underperforming Low Volatility
Read more on Historical Volatility, Airiq Inc at Wikinvest
OverSeas Radio Network

Comments are closed.

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

February 2010
MTWTFSS
« Jan Mar »
1234567
891011121314
15161718192021
22232425262728

Feed the Bull