There’s not much to say about today besides “lower volume consolidation”. Things will certainly pick up in the coming days as earnings reports start to roll out. Here are charts of the Nasdaq, S&P 500 and Russell 2000:
The Nasdaq continues to trade in the middle of its December range…
The S&P regained a portion of what it lost on Friday as it bounced off of a support zone.
The Russell is acting a lot like the S&P although it’s a bit weaker — it had a smaller bounce today and is below its 50-day moving average.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Up | Up | Up |
| Intermediate | Up | Up | Down |
| Short-term | Up | Down | Down |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Hi Mike – hope things are going well. I sat all day looking at HANS and your mention of “coiling”
in looking at the NASDAQ suggested that I ask you about the current “coiling” in HANS or am I missing something – in it’s definition….
I spent all day losing $37…..
thanks for any discussion of HANS at this most current time….paul
Paul,
HANS is certainly in consolidation mode. It had an inside day yesterday, which could qualify as coiling. But it looks like there’s an even larger coil (symmetrical triangle) that started on December 12.