Welcome to Protege Analytics

I always try to be the market's best friend and I try to understand it. Just like a quote "Friendship is when people know all about you but like you anyway."

But I am your friend too. So I will help you to get closer to the market. That's what friends are for.

Wednesday, November 18, 2015

Stock Market Update - Nov 18, 2015

If we look at the weekly chart, both DJIA and S&P 500 start to show that they're starting to go sideways or even down. Both weekly charts say the market has ended its bullish trend. We could see that DJIA and S&P 500 broke their channels' support 13 weeks ago and last week they bounced back from their new resistances. And if we look at the longer timeframe (monthly chart) they are still on their way to make their new 52 weeks high. It's time to monitor your stocks everyday. Have a good day! Repost from Protege Analysis...

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