CALDEIRÃO DE BOLSA

Verifiquei agora, que por vezes os comentários dos gráficos não estão completos, sendo assim é melhor consultarem o link

http://cbs.marketwatch.com/news/story.asp?guid={457370EA-B5FC-4EE6-B930-0FBD8C25CAB1}&siteid=mktw&dist=nbs

The charts below identify several names worth watching from a technical perspective. These are intended as radar screen names -- sectors or stocks that appear well positioned for a potential move in the specified direction over the near term.

The bigger picture

In a broader sense, the overall technical picture remains bullish. Last week, both the Dow and the S&P 500 cleared their six-month downtrends, and have since found support right around their 200-day moving averages.

Those 200-day moving averages set the longer-term trend, and with the Dow and the S&P back above those levels, market bears are now on the wrong side of the analytical fence.

So while the near-term outlook turned bullish here on Aug. 16 -- and remained bullish with that successful test of Nasdaq 1,821 -- a lot of skeptics just turned the corner late Thursday.

Yet the obvious question about Thursday still ties back to the complete absence of conviction. The Nasdaq turned just 1.2 billion shares on Thursday's rally, and then pulled back Friday.

That lack of volume is a legitimate shortcoming, and places in question the sustainability of the current rally.

So looking ahead this week, the three technical levels to watch fall out as follows:

The Dow's 200-day moving average at 10,264.
The S&P 500's August high at 1,109.
Nasdaq resistance at the May low of 1,865.
If the indices can maintain -- and in the case of the Nasdaq reclaim -- those technical levels, the chances are this corrective bounce that started on Aug. 16 will begin to be taken more seriously.

Is this the start of a longer-term uptrend?
Tuesday's set ups: TRAN, XTC, MBT, MAGS, BEBE, NIHD, EGHT, TMTA

By Michael Ashbaugh, CBS.MarketWatch.com
Last Update: 10:30 AM ET Sept. 7, 2004


CINCINNATI (CBS.MW) -- If the markets stage a technically significant break higher, but nobody is there to trade it, does the move really count?

That's the general question after a nice rally last week that occurred on light volume, while many were away ahead of the holiday weekend and due to the Republican Convention