Symbol: LECO

The U.S. market remains in a Confirmed Uptrend. The S&P 500 gained 70bps for the week; however, the Nasdaq staged a downside reversal and closed slightly lower. Support for the S&P 500 is at its 10-DMA (4,509), followed by the 21-DMA (4,458). The Nasdaq is testing its 10-DMA (14,072), with the next level of support at its 21-DMA (13,877). The distribution day count stands at five and four, respectively, with two days expiring on each index this week.