The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq made new all-time highs this week, continuing to trend higher off 10- and 21-DMA (S&P 500: 3,652; Nasdaq: 12,351) support. The distribution day count is mixed at six and two, respectively, though both have avoided clustering into further expiration next week.
Symbol: PKI
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq pulled back off highs, however, both continue to hold trend above 21-DMA support (S&P 500: 3,625; Nasdaq: 12,170) with limited distribution. The distribution day count stands at five and four, respectively, with one day expiring on the S&P 500 and two on the Nasdaq next week.
O’Neil Health Care Weekly
Health Care (XLV) held support along its 21-DMA and rallied back towards all-time highs last week. The sector
gained 2.8% outperforming the broader market but remains flat versus the S&P 500 over the trailing two
weeks.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq are trending into new all-time highs after clearing out from consolidation this week. Near-term support for both indices remains this rising 10-DMA (S&P 500: 3,642; Nasdaq: 12,215). The distribution day count declined, falling to four 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 are trading at all-time highs. Support remains the rising 10- and 21-DMA (S&P 500: 3,546; Nasdaq: 11,790). Each index has six distribution days, however, three expire on each next week, including one on Monday.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq traded relatively flat on the week, consolidating within 2% of all-time intraday highs. Both indices tagged and held 10-DMA support this week. Support below that level remains the rising 21-DMA (S&P 500: 3,512; Nasdaq: 11,665).
O’Neil Health Care Weekly
Over the last five sessions, Hospitals, Long-term Care, Managed Care, and Wholesale Drug/Supply led, while
Diversified Pharmaceutical and Research Eqp/Svc lagged.
US Focus
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq are trading near alltime highs, holding above 21-DMA support (S&P 500: 3,466; Nasdaq: 11,532) after reversing off intraday highs on Monday. The distribution day count stands at seven and six, respectively, with one expiring on the S&P 500 Monday and another on Tuesday.
O’Neil Health Care Weekly
Health Care jumped 8% last week, breaking out of a nine-week double bottom base into new all-time highs in
heavy volume
US Focus
The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq regained their respective 50-DMA this week and are now testing resistance at October highs (S&P 500: 3,550; Nasdaq: 11,965). The 10- and 21-DMA have begun to turn back up and will now act as near-term resistance should a pullback occur. The distribution day count stands at seven and five, respectively, with one day expiring on each Monday.
