Thursday, February 2, 2012

Midday Look at the U.S. Indices for February 2, 2012

The U.S. stock indices are trading mixed in early afternoon trading today with the DJIA (12,690) and S&P 500 (1323) trading down a bit while the Nasdaq Composite is +5 points.  

The steady, uptrending channels remain, but I'm noticing a few RSI divergences beginning to form.  This doesn't mean the indices will cascade lower from here, but some weakness could set in over the next week or two. 

Click on charts to enlarge:









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