Trading was a bit choppy today but the bulls pulled out another win. Volume was still on the light side, so maybe everybody’s not back from vacation just yet. Amazingly the S&P is already less than 1% away from the 2006 high. It’s like the summer correction (I hate that term) never happened. I’m always concerned when something approaches old highs on weak volume though so I’ll be getting pretty cautious in the coming days.
Here’s a chart of Silver Wheaton Corp. (SLW) for Ben:
And here are the Nasdaq and S&P 500:
Trend Table
A few upgrades today although they actually occured while I was on vacation…
| 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
