The trend picture remains positive overall for the major market indices and sectors, with only minor negative trends (so far) creeping into the DJIA, S&P 500, and Hong Kong indices, as well as the Financial and Healthcare sectors. One especially positive note is that the technology sector, including semiconductors, may finally be kicking into [...]
The market’s strong performance last week and a solidly green trend picture for just about every major index and sector (except energy) leave no doubt as to the direction of the current intermediate-term trend. The S&P 500 is closing in on its all-time highs, and even the still-lagging technology sector is back in sync, [...]
The trend picture for the market remains positive overall, but last Friday’s sell-off could signal some near-term weakness ahead. Additional concerns are some short-term negative divergences on some of the technical indicators, and the now once again negative trend picture for the Semiconductor HOLDRs ETF.
On a more positive note, the Russell 2000 Index, which represents [...]
The new highs made this past week in most major market indices – except, notably, the tech-heavy Nasdaq – confirm an ongoing intermediate- and longer-term uptrend, which is also reflected in the currently all-green weekly trend picture. While the still-lagging Nasdaq remains a concern, another under-performing index – the Dow Jones Transportation Average – [...]
