The market finally met some resistance today as the NASDAQ climbed above 2600 after an opening upside gap then reversed back to a flat close. Volume was a bit higher and with a spread of economic data due out the next two days we should expect some volatility the rest of the week.
Tomorrow’s economic calender:
Stay frosty out there!
|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.