The market’s strong performance this past week erased most or all of the losses from the previous week’s sell-off (and then some for the Russell 2000 Index) and has swung the latest trend analysis of all the major indices back to positive from the mixed picture of the previous week. Although further “turbulence” might [...]
Despite all of the hoopla surrounding last week’s sell-off, the latest trend analysis of the major market indices reflects only a mixed – although clearly weakened – picture. In fact, while the trend pictures of the NASDAQ, S&P500, and (especially) the Dow Jones Industrials are indicating short- and/or intermediate-term weakness, the trend spectrum [...]
Last week the market held up well, leaving the overall trend picture for the major indices virtually unchanged from a week ago, displaying a positive “green” across almost the entire spectrum of trend periods for each index. This suggests that while there’s certainly room for further consolidation of the latest rally, the uptrend likely [...]
The market’s strong performance last week has left little doubt that the intermediate-term uptrend that began over two months ago remains intact. And this is reflected in the now once again all-green trend picture of all the major market indices.
And for the first time during this move – and following the lead of the [...]
While it’s too soon to definitively declare an end to the intermediate-term uptrend that began two months ago, the overall market trend picture has now shifted clearly – but not yet decisively – negative. It’s still consistent with a correction in the current uptrend, but it could also be signaling the beginning of a new [...]
