S&P500 charts

S&P500 Charts, 1950's, 60's, 1973-74 Bear Market, 1987 crash, 1990's, Double top 1999-2008

 

 September 16,2009

The S&P500 has rallied from the lows of  March at 666 to the current 1068. Will this continue ? The probability of a correction increases as the market inches toward 1100. 1200-1250 is a MAJOR upper resistance area. 

 
Close USA CAN Ticker ETF / Stock Bottom

Fishing

Breakout

Watchlist

 Break-out Stage 1 Stage 2 Stage 3
SEPT 16 X   APA Apache Corp.     94.65    
SEPT 16 X   CHK Chesapeake Energy, increased up volume.     28.92    
SEPT 16 X   ACI Arch Coal     23.83    
SEPT 8 X   GLD Street Tracks Gold, 102 is break-out   97.43      
SEPT 16     IYR Real Estate iShares       45.02  
SEPT 16   X HNU Natural Gas Index, $19.65 is the first resistance point 15.95        
SEPT 16   X XIU TSX60 index, volumes are not surging - a possible warning         17.47

 

Top Stock Traders uses technical analysis to pick stocks on the US and Canadian Markets. We research and code technical stock scans. Based on chart patterns, we pick potential set-ups for short-term trading. New traders can use this website to learn the basics of disciplined technical trading. Our intent is to help you become a better trader.

 

 

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Stock Phases

Stock Phases define the 4 market cycles. 

   
 

ETF's

Exchange Traded Funds
 

 
 

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Table 1. We define the watch list as a stock or ETF nearing a local breakout or bottoming formation. The breakout is a stock closing above local resistance with higher volume as the confirmation signal. Stage 1-2 are stocks which have broken out and are moving higher. Stage 3 are stocks which are rising on the upper Bollinger Band and become more risky for a reversal. All stage 3 stocks are trending and could be nearing the target price. Stage 3 for traders could be opportunities to sell and take profits as the stock weakens. A stage 3 stock will decrease in upward momentum and move closer to the 20 day moving average. If a stage 3 stock crosses the 20 day moving average, it's time to get out with a stop-loss. All stocks/ETF's should have stop-losses reset daily to preserve downside risk.

BKO=Break-out. The BKO is a $ resistance point in the past 1 month to 1 year. A close 2-5% above the BKO would indicate a move higher. Volume is needed to confirm the break-out direction.

 

 

 

 

 

 

 

Category, "BF" or bottom fishing. Our picks are ETF's or stocks which are near the lower end of past trading ranges and are possibly due for a technical bounce. As a stock moves sharply lower, selling intensifies on volume. A set-up for a short term (5-10 day) trade is nearing. Slowly build positions and do not jump in with greater than 5% of your portfolio. Stop-losses are needed, or stay out of the trade.