October 6th 2011 Stock Market Recap

I got in really late here so this will be a speedy recap. All analysis on the charts, no commentary. I hope everyone has a fantastic weekend after tomorrow’s session and I will see you back here next Monday.

PS – There will be a post published on StockTradingToGo tomorrow.

PPS – Look for the Tigers to take down the Yankees tonight in game 5. 8-)

Market analysis:

Trend Table

Trend Nasdaq S&P 500 Russell 2000
Long-Term Down Down Down
Intermediate Down Down Down
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.

Comments

  1. Posted by Dana on October 6, 2011 at 10:20 pm

    It seems everything is still in bearish. Hope it will change soon so I can trade it for full power. :D

  2. Posted by Blain on October 7, 2011 at 11:24 am

    I agree, I’d love to put some cash to work! Where are the good old days of a consistent, slow moving market? I want to be naturally excited and “awed” when the market moves more than 1% in a single session!