Analysis of Nymex Crude Oil ($89.88): Crude oil closed above its 50-day SMA at $87.49 on Tuesday, which I cited as a positive when I wrote
Analysis of the Euro vs. the Dollar (1.3240): The euro has been above its 200-day SMA at 1.2784 since Nov. 22 on a daily chart that shows an overbought condition. The weekly chart shifted to positive at the end of last week with the five-week MMA at 1.2942 and the 200-week SMA the upside potential at 1.3520.
Analysis of the Dow Industrial Average (13,311.72): The Dow set a new QE4 reaction high at 13,365.86 on Tuesday well below the QE3 high at 13,661.87 set on Oct. 5. The daily chart shows an overbought condition. The weekly chart stays positive with a close today above the five-week MMA at 13,084. My monthly value level is 12,826 with my annual value level at 12,312.
Analysis of the S&P 500 (1443.69): The S&P 500 set a new QE4 reaction high at 1448.00 on Tuesday with the QE3 high at 1474.51 set on Sept. 14. The weekly chart stays positive with a close today above the five-week MMA at 1411.3. My monthly and annual value levels are 1378.6 and 1363.2.Analysis of the Nasdaq (3050.39): The Nasdaq set a new QE4 reaction high at 3061.82 on Wednesday with the QE3 high at 3196.93 set on Sept. 21. The weekly chart stays positive with a close today above the five-week MMA at 2982. My monthly and annual value levels are 2893 and 2698. Analysis of the Nasdaq 100 (2693.55): The daily chart still shows what technicians call a "Death Cross" with the 50-day SMA at 2657.55 declining below the 200-day SMA at 2673.75. A close below both moving averages today would be a technical warning. The weekly chart shifts to positive on a weekly close above the five-week MMA at 2653. The Nasdaq 100 is well below its QE3 high at 2878.38, set on Sept. 21.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV