Symbol: LECO

Won Global View

Posted on by Deepashree MC

The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq pulled back for a second straight session, still finding
resistance at the rolling 50-DMA (S&P 500: 3,850; Nasdaq: 11,351). The S&P 500 is still holding above 10- and 21-DMA (3,748) support,
while the Nasdaq closed below both levels with the next area of support at its follow-through day (FTD) low of 10,542. The distribution day
count now stands at two and one, respectively.

Won Global View

Posted on by Deepashree MC

The U.S. market has been upgraded to a Confirmed Uptrend. The S&P 500 and Nasdaq staged a Day 7 follow-through Friday, each
jumping over 2% in higher day/day volume. Both indices closed back above their respective 10- and 21-DMA, with the next level of
resistance at October highs (S&P 500: 3,806; Nasdaq: 11,230) followed by the rolling 50-DMA (S&P 500: 3,887; Nasdaq: 11,517).