This is a chart of the IWMS -- the ETF that tracks the Russell 2000. It's a great proxy for the market's risk appetite in equities. This is a multi-year chart in weekly increments. Notice the following:
-- Prices clearly broke their multi-year uptrend that started in 2004
-- Prices have revolved around the 200 week SMA since the beginning of this year. However, prices are now below the 200 week SMA
-- Prices have bounced off the 38.2% Fibonacci level several times over the last year.
-- The weekly SMA picture is cloudy. They are bunched together with the averages within a few points of each other and the SMAs moving in different directions
This is a multi-year chart in weekly increments
Notice the following:
-- There are three primary trend lines. The QQQQs have broken through two: the upper trend line of the multi-year trading channel and the upward sloping trend line that started in mid-2006
-- Prices are now heading for the lower trend line of the multi-year upward sloping channel
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.