Life relates to trading and trading relates to life. Constantly revealing, unfolding before us as we trade and live, so I write about how my life relates to trading and how I trade the markets. Along the way I share my opinions on anything that evokes my passion or tickles my funny bone trying not to forget that enjoying life is the best part of living.
The Midweek Update - Who's the Leader? $DJIA $SPX $NDX
***** Depends on which index you like to follow, the patterns on the three indexes differ in ways. Long time listeners know that the charts usually have much in common yet, here today I see a possible strong breakout off the high on the $DJIA, a flat top on the $SPX and a possible stall on the $NDX . It's unusual to have such differences. Since April Fool's Day is over, perhaps it's due to the unknown, namely the coming of the 1st quarter reports. World jitters seem to have subsided but no matter which course the markets take, one of these charts foretell what is to come and will show its leadership.