segunda-feira, 14 de abril de 2008

April 14, 2008 Stock Market Recap

April 14, 2008 Stock Market Recap

It was a pretty quiet day with respect to price and volume. So the technical picture hasn’t really changed, except that the market’s a little more oversold. It looks like the indices are repeating the pullbacks they made in late March and I’ve still got my eyes on those late March lows. Let’s see if they can withstand the PPI report tomorrow morning.

Trend Table

No changes

Trend Nasdaq S&P 500 Russell 2000
Primary 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.

Post from: Trader Mike's Blog

April 14, 2008 Stock Market Recap

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