Friday Night Point and Figure

Best viewed in FIREFOX. Click charts to ENLARGE.

SP500 has turned positive by PnF.
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The Dow Transports remain bearish.
_________________________________________________________________________________The Philadelphia Bank Index also remains bearish
_________________________________________________________________________________The Commodity Research Bureau Index has a positive signal.
__________________________________________________________________________________The US Dollar remains bearish
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XAU, the Philly Gold and Silver Index is bearish by PnF criteria
_________________________________________________________________________________What's wrong with this picture? Goldman Sachs (GS) is on a PnF sell signal.
__________________________________________________________________________________Apple (AAPL) rallied quickly off its sell signal and is back on a buy signal.
__________________________________________________________________________________Denial? No. EEM, the Emerging Markets ETF has a buy signal going for it, but is not far from resistance either. PnF easily defines immediate and more distant support and resistance levels.
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Yahoo (YHOO), at support, but on a sell signal. I've got a dog in this fight.
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Have a great Labor Day Weekend!

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.