The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq built on last week’s strong gains, moving further into all-time highs this week. Near-term support remains the rising 10- and 21-DMA (S&P 500: 3,848; Nasdaq: 13,610). The distribution day count remains relatively low at five and two, respectively, with one day expiring on the S&P 500 next week.
Symbol: PKI
US Focus
The U.S. market is back in a Confirmed Uptrend. The S&P 500 and Nasdaq rebounded strongly from moving average support this week, pushing all the way back to new all-time highs. Near-term support is again the rising 10- and 21-DMA (S&P 3,804; Nasdaq: 13,358). Both indices avoided distribution, keeping the count at six and three, respectively, with one day expiring on the S&P 500 and two on the Nasdaq next week.
Won Global View
The U.S. market remains in an Uptrend Under Pressure. The S&P 500 and Nasdaq gapped higher for a second straight session,
retracing the majority of last week’s losses and now facing resistance at all-time highs (S&P 500: 3,870; Nasdaq: 13,636). Both have
regained near-term support along their respective 21-DMA (S&P 500: 3,783; Nasdaq: 13,226). The distribution day count stands at six and
three, respectively, with one expiring on the S&P 500 and two on the Nasdaq next week.
Won Global View
The U.S. market is in an Uptrend Under Pressure. The S&P 500 and Nasdaq bounced higher on average volume after last week’s
pullback. Support on the S&P 500 is at the 50-DMA (3,719) and the 21-DMA (13,182) on the Nasdaq. The distribution day count stands at
six and three days, respectively.
US Focus
The U.S. market is in an Uptrend Under Pressure. The S&P 500 and Nasdaq broke below their respective 21-DMA this week in heavy volume. The next level of support is the rising 50-DMA (S&P 500: 3,715; Nasdaq: 12,720), which the S&P 500 is currently testing. The distribution day count now stands at five and three, respectively, with no further expiration next week.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq moved back into all-time highs this week and are again trading near the upper end of their respective channels. Near-term support remains the rising 21-DMA (S&P 500: 3,776; Nasdaq: 13,045). The distribution day count stands at four and three, respectively, with one day set to expire on each next week.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq pulled back off alltime highs this week, consolidating sharp gains over the last several weeks. Despite the pullback, both indices held above their respective 21-DMA (S&P 500: 3,747; Nasdaq: 12,860) while avoiding any big pick up in distribution.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq made new alltime highs for a second straight week, continuing to hold trend above their respective 21-DMA (S&P 500: 3,718; Nasdaq: 12,732). The distribution day count stands at four each, with one day expiring on each index next week.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq closed the year at all-time highs and above all major moving averages with limited distribution. Near-term support remains the rising 10- and 21-DMA (S&P 500: 3,689; Nasdaq: 12,612). The distribution day count stands at four and two, respectively, with one day expiring on the S&P 500 next week.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq continue to display constructive technical action, trading at or near all-time highs and above all major moving averages with limited distribution. Support remains the rising 10- and 21-DMA. The distribution day count stands at five and two, respectively, with one day expiring on the S&P 500 next week.
