Nothing major to report today other than Linkedin (LNKD) seeing its public debut and having a wild session. The stock closed at $94.25 (intra-day high $122.70) which gives the company a whopping $9 Billion market cap… astounding…
And a random watchlist stock tonight – keep an eye on Netflix (NFLX) with a $248.60 – $249.70 possible buy area. The stock is holding up very well and will most likely break higher if this market keeps moving up.
Trend Table
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Long-Term | Up | Up | Up |
| Intermediate | Up | Up | Up |
| Short-term | Down | (+) Up | 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.
