The recent weakness in the market has clearly shifted the overall trend status back to negative, as indicated by the dominance of bold red trend periods in the weekly trend arrays of the major market indices. Last week’s decline was enough to trigger some short-term “oversold” readings, which, in a range-bound market – such [...]
A potential warning sign has appeared in this week’s trend analysis, and it’s coming from the technology sector. While all of the major indices remain either all or mostly positive (as indicated by the dominance of green trend periods in their respective tables), the NASDAQ appears to have sprung a few leaks since last [...]
Following up the previous week’s positive action with another up week last week, the market is clearly back in positive territory – and that’s reflected in the current weekly trend analysis, which is now almost universally positive for all of the major indices. And, for the first time in quite a while, even many [...]
The strength this week in the market was enough to reverse – for the most part – the deteriorating trend picture that had been developing recently. According to the weekly trend analysis of the major indices, all of the indices – with the exception of the ever-lagging Dow Jones Industrials – are now displaying [...]
