The relative out-performance of the tech sector noted in last week’s post seems to have ended as quickly as it began, but not before ushering in a decent rally in the broader market. In particular, many larger-cap stocks – including some of the big Dow Industrials like 3M (MMM), Dow Chemical (DOW), DuPont (DD), [...]
While the market experienced many gyrations last week, it ended the week not much changed from where it began, which did little to affect the still negative overall trend picture. However, one potentially bright spot was the relative out-performance of technology stocks compared to the broader market. While most of the major indices were [...]
Despite a nice rally late last week, the weekly trend analysis remains awash in red, indicating that the intermediate-term trend for all the major indices remains down. Interestingly, the Dow Jones Industrials – which has up until recently been a consistent under performer – is currently outperforming the other averages on a relative basis. [...]
After last week’s market performance, the current trend analysis of the major indices merely confirms the obvious – that the market is now in a clear downtrend. And despite the fact that the market could be said to be once again short-term oversold, and the S&P500 is (for now) still holding above the 1190 level, [...]
Perhaps – as some analysts are suggesting – last week’s market strength was only the result of end-of-quarter “window dressing” by fund managers, but it was enough to reverse the weekly trend status of all the major indices back to positive. In any case, this coming week’s action should go a long way toward [...]
