Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,

Monday, August 13, 2012

This week support and resistance, Dow Jones, Mid Cap, Russell 2000.

Here are the 35-days moving support and resistance lines for this week:

Dow Jones trying to keep above resistance at 13119.30

Mid Cap is doing the same with a resistance at 508.45 for the next five days.

Russell lagging inside a trading range, tier 2 companies start the uptrend after blue chips but finish first, let’s see if the Russell can break resistance.

Steel not doing so great today, last week it broke over resistance with fair volume.

The markets continue with very low volatility.

And the inverse VIX is taking advantage of it.

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com