There was a good bit of weakness early this morning but the market quickly found support and rallied back to close near unchanged. For the second day in a row I was impressed with the volume given that this is a holiday week.
Here’s the Nasdaq which is officially range-bound. It’s gone nowhere (-0.05%) since November 14th.
And the QQQQ chart showing the bounce off the bottom of its range…
The S&P keeps on keeping on…
And the Russell which bounced off it 50-day moving average today…
Trend Table
no changes
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Up | Up | Up |
| Intermediate | Up | Up | Up |
| Short-term | Down | Up | Down |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
