(Quick site update – the content area of the site has been widened to allow for wider stock charts which I am excited about. Instead of the normal 460px width I will be posting 520px width charts. By comparison, StockTradingToGo uses 620px width charts. Furthermore there are now only two columns instead of three.)
And so the march upwards continues on. Today not only claimed fresh 52 week highs for both the NASDAQ and S&P 500 but volume was above average for both indices representing fresh accumulation days.
The highlight news today was that Borders is filing for bankruptcy and John Deere (DE) blew out earnings. DE is a good example of the current strength in agriculture and stock is now ever closer to the century mark, $100 per share.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Long-Term | Up | Up | Up |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
