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.
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.





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