Thank you to all the readers who left comments and emailed in regarding yesterday’s test post using larger charts. The verdict? Almost unanimously you all feel that they are not worthwhile as they have to be opened in a new window (bad user experience), are not easily read in email, and are not mobile friendly. Perhaps I can try a combination of both some other time. For now though…. back to business as usual 
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A nice snap back for the market on low volume makes me wonder if this will be yet another ridiculous low volume 3 – 5% move back to the upside. Unfortunately for bulls, this time around the leaders of this market aren’t looking nearly as good (technically speaking). Thus, I am siding with the bears and sticking with a large cash position for the moment. I am however keeping a close watch list of possible buys just in case we are “surprised” once again…
Stay frosty out there.
| 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.
