Tuesday, February 21, 2012

Afternoon Delight 02/21/12 $OEX $NDX $TNX #CPC

What a mess.

Here are a few charts -

NDX - This is the chart I was showing earlier. That last pop on the right above resistance is remarkable to say the least. The upper monthly BB is now solidly in play which should cap things (well, in a non liquefied real market it would).

OEX - I thought it charted pretty clean. Checking the 649 intersection with that upper resistance as a possible topping point.

TNX - UH, that is a 20 (TWENTY) year chart.

CPC (link) - I discussed the blue 100ema not being ready last month. Now CPC has stabilized and the 100 is finally in the zone.

GL and GB!

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