Daily Chart Views

May 14, 2007: 8:04 PM CST

Here are the most recent index charts for May 14:

Dow Jones

dow-may-14.png

Nasdaq

nas-may-14.png

S&P 500

spx-may-14.png

Russell:

russell-may-14.png

In almost all indexes, price bounced off (found support at) the rising 20 period moving average.

All indexes are making divergences with price, in that momentum is decreasing while price increases which signals caution.

The Stochastic indicator has pulled back to 50 on all indexes.

The Dow Jones is the strongest index while the Russell is the weakest (from a technical standpoint).

This indicates the big investors are finding protection in the larger capitalization companies as compared with the smaller cap stocks of the Russell.

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