Seven Charts, Pulled out of a Hat

Some folks like to almost dictate your every move. They believe that, if the S&P 500 -- or equities in general -- are lower when the rooster goes cock-a-doodle-doo, you should be gobbling up longs like it is Thanksgiving dinner. But really, shouldn't we all just listen to price? Headlines aside, price often tells us everything we need to all. Sometimes it is after the fact, as an unexpected piece of news can mean what that price's message yesterday is useless today -- but, fortunately, with a new day will come new information.

In any case, let's see what they charts tell us about price. I took an indiscriminate group of charts from across many different industries: financial, insurance, housing, consumer goods, municipal bonds, steel and technology. The list included Owens Corning (OC), Citibank (C), Kellogg (K), Genpact (G), OneBeacon Insurance (OB), BlackRock Muni Income Fund (BLE) and Reliance Steel (RS). The group is fairly split between bearish and bullish charts, but not in the manner one may have thought. The first four are more bearish, while the last three are bullish....655 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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