New post up at StockTradingToGo, 5 Easy Steps to Navigate Earnings Season Better than the Pros. Worth a read if you are looking for an easy way to conquer earnings season.
Today the NASDAQ snapped back and closed above its 50 day moving average, a good short term sign for bulls. However, both the S&P 500 and NASDAQ face a freshly down trending 10 day moving average to contend with. I am sticking with cash and waiting for a push back above 2800 on the NASDAQ before putting cash to work.
Charts below including some further analysis on Silver. Stay frosty.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Long-Term | Up | Up | Up |
| Intermediate | (+) Up | Up | Up |
| Short-term | Down | Down | Down |
(+) 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.
