Market Update 6/11/2013

Copyright (c) 123RF Stock Photos

Copyright (c) 123RF Stock Photos

Here is this weeks market update.

The markets have decided that it is time to take a breather. Most of the stock indexes are showing me this is normal market action.

This tells me, after a really good run higher we should see a normal pullback, which we are currently going through and then resume the move up.

But, remember no one knows where the market is going to be tomorrow!

My purpose of these post is to allow my readers to look over my shoulder and see how I see the market today and see how I determine the trend of the market. Which as of now, tells me that we are still in a long term uptrend.

The charts below are this weeks updates with my thoughts about each stock market index.

Each chart will have its own comments.

Click on the names below for a larger image.

NYSE Update 6/11/2013

Nasdaq Update 6/11/2013

SPX Update 6/11/2013

SPX-Monthly Update 6/11/2013

 

All charts reference Point and Figure charts.

If you would like more information on  Point & Figure charts, click Market Update above and you will find educational links that will explain these in much more detail.

To follow these updates, click subscribe in right hand sidebar.

You can follow me on Facebook, Twitter or LinkedIn by clicking the icons on the top right.

If you are new to my blog and would like to see all past market updates, click on Market Update under categories in right sidebar.

 

 

 

Leave a Reply