Just a Blip in the Radar

Jun 14, 2007: 9:17 PM CST

Technically, I should be waiting until this weekend to post weekly index charts, but these look so beautiful (so far) that I couldn’t resist.

With the exception of the Nasdaq and Russel (technology & small cap respectively) the weekly charts of the Dow and S&P are making new all time highs as well as new momentum highs – positive signs. The charts are beautiful for the bulls who have been holding.

dow-w-june-14.png

nas-june-14.png

sp-w-june-14.png

rus-w-june-14.png

Remember the major economic reports tomorrow which – one TV analyst said today – could swing the Dow Up OR Down 200 points.

Here is tomorrow’s expected economic action (calendar) from Briefing.com:

briefing-june-14.jpg

It’s – of course – options expiration Friday. What a great time to be a trader!

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