Robert Sinn on the Technical Picture

Robert Sinn is one of my more crucial reads for this market moment as he is the only blogger (that I know of) who is both a technician and exceedingly knowledgeable about the European debt crisis.  He’s begun doing a weekly letter at his site The Stock Sage and this week he tackles both topics…

Here’s Robert’s take on the technical picture…

The technical structure of the equity market took a significant turn for the worse last week as many breakouts decisively failed and the S&P 500 fell out of its symmetrical triangle to the downside. Moreover, several key market sectors ($COMPQ, $QQQ, $XLF) closed the week below their respective 50-day simple moving averages (SMAs) and fell out of an assortment of potential continuations patterns (flags, pennants, triangles, etc.). The market was attempting to climb a steep wall of worry for several weeks, the wall turned out to be too tall and the bulls gave up out of exhaustion late in the week.

The charts need time to regroup and heal themselves after last week’s damage, perhaps most importantly, the weakest sectors (financials and tech) need to find a bid soon – I will be focused on whether the S&P 500 can stay above 1200 and more importantly its rising 50-day SMA in the week ahead.

Head over for the whole letter and be sure to keep Robert in your reading list.

Source:

Sage Weekly Letter (Stock Sage)

 

 

What's been said:

Discussions found on the web
  1. Assignment Help commented on Sep 20

    … [Trackback]

    […] There you can find 47350 additional Info to that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  2. blazingtraderapp.com commented on Sep 21

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  3. Buy pick & mix sweets online commented on Sep 29

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  4. bitcoin era commented on Oct 03

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  5. Cannabis Oil Shop commented on Oct 13

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  6. 먹튀검증 commented on Nov 04

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  7. Harold Jahn Utan commented on Nov 14

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  8. casino review malaysia commented on Nov 20

    … [Trackback]

    […] Here you can find 76852 additional Information to that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  9. td online login commented on Dec 08

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  10. Tree Trimming call now commented on Dec 12

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  11. 사설토토 commented on Dec 15

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  12. Tennis Shoes Reviews commented on Jan 10

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]

  13. wigs for women commented on Jan 15

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2011/11/20/robert-sinn-on-the-technical-picture/ […]