Reminder – There will be no market update tomorrow as I will be out of the office. Updates will resume next week.
Last week I had the pleasure of being interviewed by Chris Gaddis on his show, Money Train, which is a Wednesday morning radio show on WIOX 91.3 in New York. Listen to the interview on StockTradingToGo!
Another big day for the market after our friend Bernanke said central bank officials expect the economy to continue recovering fueled by further job growth (we’ll see how well that plays out). So tonight I am going to let the charts speak for themselves. Hope this market is treating you well and I will see you back here next week.
Lastly tonight I have a chart of Amazon (AMZN) which was a requested stock. If you have a chart request for the blog feel free to shoot me an email!
|Trend||Nasdaq||S&P 500||Russell 2000|
(+) 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.