As of the close last Friday, the weekly trend analysis for the major indices remains all or mostly positive, indicating that the intermediate- and longer-term uptrends remain intact. One possible concern could be the semiconductor sector (as represented by the SMH), which was showing strength only a couple of weeks ago but is now [...]
The intermediate-term market uptrend that began last October remains intact. That’s the conclusion from the latest weekly trend analysis, which – thanks to last week’s rally – is once again displaying an almost unanimous “green” positive reading across the trend spectrums for each of the major stock indices.
That said, it should be [...]
Despite having violated various “critical” levels and moving averages used by some analysts, the market so far has refused to break down. The latest weekly trend analysis of the major indices continues to reflect a short-term downtrend within a still-intact intermediate- and longer-term uptrend.
In fact, while the broad Russell 2000 index weakened slightly this [...]
What to make of the market’s weak performance last week? The trend spectrums for the NASDAQ, Dow Industrials, and S&P500 are now, on balance, negative – but not overwhelmingly so – while that of the Russell 2000 still remains positive overall.
Last week’s sell-off could be seen as a positive by having avoided the potential [...]
