segunda-feira, 7 de abril de 2008

April 7, 2008 Stock Market Recap

April 7, 2008 Stock Market Recap

The indices remain stuck in a holding pattern. For the fourth session in a row they traded within relatively tight ranges and closed near last Tuesday’s closing levels. It looks like the market will work off its short-term overbought condition simply by going sideways.

Trend Table

No changes

Trend Nasdaq S&P 500 Russell 2000
Primary Down Down Down
Intermediate Up Up Up
Short-term Up Up Up

(+) 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.

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