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Dice Holdings, shown below, peaked in April 2011 (which is a little weird, since they specialize in web sites for career-seekers; one would think the past 2.5 years would have been good to them). Anyway, the shelf of support isn’t very strong, and I’d say it’s vulnerable to much lower prices.
Just a quick post this morning, as I still have guests requiring attention and I’m unlikely to do much actual work today.
SPX had a weak day on Friday but still closed the day within 2 handles and change of the daily upper bollinger band, so it was nonetheless another day riding the band up. I am expecting a retracement soon to establish the main support trendline for the move to my 1965 target, but there’s no strong evidence yet that retracement is starting. SPX daily chart: (more…)
