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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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« This Week Will Tell Whether the Top is In; We May be Waiting until December | Main | Are Stocks Topping or Taking Off? »

October 21, 2014

Markets Finish Strong

Tuesday October 21 2014

I published the EWT view of the markets in the last post. It is an interesting analysis. Howver the markets other than the NYSE seem to be blowing through several of those resistance levels today. 

Screen Shot 2014-10-21 at 4.36.03 PM

On balance volume is turning up along with the index itself. It took out the previous low from August. 

NYSE

Screen Shot 2014-10-21 at 4.39.08 PM

The NYSE does not appear as strong. But this is still an impressive rebound. If it does not stop in the next day or two, this would cast doubt on the top is in scenario. 

The breadth indicators are not in yet for today. So stand by. 

Posted at 05:41 PM |

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