The market’s ongoing strength and currently all-positive weekly trend picture continue to suggest still higher prices to come. While I’m wary of chasing the market at this point in the current upmove, I’ll continue to view pullbacks as put-selling opportunities.
Near-term upside resistance levels for the key U.S. indices that have yet to achieve new [...]
With most major U.S. market indices breaking out to new six-year (or all-time) highs, it’s clear that the current trend picture remains positive. On Friday even the still-lagging Nasdaq closed at a new high, although its intraday high was only fractionally higher than its highest February intraday high.
While the trend remains up, the current upmove [...]
Most major market indices broke through yet more upside resistance levels last week, and remain in a clear uptrend. While I’m unable to run my usual trend analysis this week (I’m not working from my main computer), it’s probably safe to assume that little has changed from last week’s trend picture.
Near-term upside resistance levels are [...]
The weekly trend picture is once again almost all positive, reflecting last week’s continued strength in the markets and most indices. Even the weakest sector – Financials – has improved from being all negative last week to now mixed/neutral.
While some “backing and filling” might be expected here as the market approaches its recent highs, a [...]
The trend picture for most major stock indices and sectors is mixed this week, but on the whole still more positive than negative. The weakest major index – with a neutral/negative trend spectrum – is the Nasdaq, no doubt reflecting the currently negative Technology and Semiconductor sectors.
Other industry sectors currently displaying negative trends include [...]
