Below are charts that show the number of stocks in each index and sector that are trading above the 200 SMA. This simple moving average is a very important moving average for many types of market participants. These are the major indices and sectors that I watch each week in my trading. Let me know [...]

I’ve always been a market technician and have used levels of support/resistance from day one. I use charting to form my main thesis of what I see as the potential move in stocks. Funny thing about technical analysis is that there are literally hundreds of ways to interpret the data. I guess that’s what makes [...]