Once again the weekly trend pictures for all of the major indices remain solidly positive, with one exception – the NASDAQ, whose trend picture, though not yet negative, reflects the composite’s recent underperformance relative to the rest of the market. The question is, is this just a consolidation, or something more ominous?
Semiconductors aren’t the [...]
Following last week’s rally, the trend pictures for all of the major market indices are once again solidly green, reflecting a clear uptrend in place. That said, the most recent upmove is, so far, generating new negative divergences on the price oscillator charts – a possible warning sign, but nothing more until or unless [...]
Last week’s relatively weak market performance did little to change the overall trend picture, which remains mixed but still has to be viewed as positive from an intermediate-term perspective. This could (and very well may) change with more market weakness, but until then I’m continuing to view the increasing number of short-term “oversold” signals [...]
Friday’s sell-off in the market has me a bit concerned, and I suspect it may not bode well for the market over the short term. Of course my main focus remains on the intermediate and longer term, and on that note the trend picture for the major indices is still positive overall – but [...]
There was an interesting divergence in the market averages this past week as the DJIA and S&P 500 sold off – reflected in their now mixed trend picture – while the NASDAQ and Russell 2000 moved to new recent highs, and semiconductors held steady. The weakness in the large-cap indices seems, so far, to be [...]
