Fri 9th May (4.45 pm)

Most of the major US stock indices are still consolidating but the Russell 2000, or ‘small cap index’, is showing a bit of strain as of Thursday’s close.

S&P500: still consolidating in the ascending triangle:

INDU: ditto:

NASDAQ: no breakout here either way just yet and the 4000 level has held thus far:

Russell 2000: This ‘small cap’ index is showing a bit of pain with a daily close on Thursday below the key support of the 1,100. A weekly close below this support would be bearish:

VIX: little sign of major stress here just yet on the ‘fear’ index;

TSLA: consolidating in a flag pattern:

PCLN: ditto:

EEM: no major fallout here on the emerging markets just yet:

IWM: reflecting the Russell 2000 and consolidating in a flag for now:

SLV: this is under pressure. A weekly close below the bottom trend line would be rather bearish:

FB: no breakout here yet either. A close below the $54 ‘neck line’ of the H&S would be bearish:

YHOO: consolidating for now as well:

NB: I’ve tried a larger font. Is that better?