Last week the market again ended up just about where it began, and the weekly trend picture of the major indices followed suit – almost perfectly mirroring last week’s overall positive reading (and, if anything, improving on it a bit). Obviously this can’t go on indefinitely, but until the market’s action indicates otherwise – either [...]
Aside from some further signs of short-term weakness in the NASDAQ and Russell 2000, the overall weekly trend analysis of the major market indices remains positive. This continues to be consistent with corrective action within the current intermediate uptrend.
The market’s sideways action over the last three weeks has frustrated my efforts so far to initiate [...]
Last week’s sideways/down action in the market did little to weaken the overall trend picture, which remains solidly positive for all but the shortest-term perspective, which is mixed. More downside action in the short term certainly wouldn’t come as any surprise, and in fact could be seen as an opportunity for the market to [...]
After another up/sideways week, the Dow Jones Industrials remains the only major average not yet trading at new 52-week highs – a condition that’s unlikely to last for long given the still strongly positive overall trend picture and the continuing market leadership of the technology sector (as represented by the NASDAQ). In the meantime, [...]
