Today was another good day for the bulls with gains on all the major averages and better volume than we’ve had of late. The Nasdaq was able to close above the very important 200-day moving average. I’m a little skeptical of today’s move though. I’ll reserve final judgement until after Monday’s close. I want to see if the Nasdaq can stay above the 200 DMA after options expiration on Friday.
The S&P managed to put in a higher-high by taking out the September 5th high.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
