The U.S. market remains in a Confirmed Uptrend. The S&P 500 finished up 0.3% in choppy trading for the week and continues to bump into some resistance around ~6,500. The Nasdaq rose ~1.1%, with the next level of resistance near its August highs (~21,804). Support is near their 10-DMA (6,466/21,541), followed by their rising 21-DMA (6,431/21,425). The distribution day count currently stands at six and four, respectively.
The U.S. market is in a Confirmed Uptrend. Indices are at or near all-time highs after accelerating higher on Friday despite pulling back earlier in the week. The S&P 500 and Nasdaq regained their 10-and-21-DMAs (6,415/21,249) and continue to chop around in a sideways range for the last three weeks. The distribution day count stands at six and three, respectively.
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq gained 0.9% and 0.8%, respectively, for the week. Each index made a fresh all-time high earlier in the week. The first level of support is at the rising 10-DMA (6,391/21,397), followed by the 21-DMA (6,359/21,194). The distribution day count stands at six and two, respectively, with one added Friday on the S&P 500, and one set to expire on the S&P 500 after Monday’s close.
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq remain at or near all-time highs with support at their rising 10-DMA (6,257/20,651), followed by their 21-DMA (6,184/20,357). The distribution day count stands at four and three, respectively, with one day expiring on each index next week.
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq were down 0.3% and 0.1%, respectively, this week, each closing very slightly below all-time highs. First level of support is at the rising 10-DMA (6,234/20,450), followed by the 21-DMA (6,145/20,101). The distribution day count stands at four and three, respectively, after one day expired on each index after Friday’s close.
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq jumped to new all-time highs as breadth of leadership is expanding across multiple sectors. The first level of support is at the rising 10-DMA (6,160/20,161), followed by the 21-DMA (6,078/19,831). The distribution day stands at four and three, respectively.
The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq rose 3.4% and 4.3%, respectively, for the week. Both indices cleared and closed the week above prior all-time highs, for the first break to highs in four months. Support is at the rising 21-DMA (6,007/19,567), which indices are ~3-4% extended from. The distribution day count stands at four and three, respectively, with one expiring on the Nasdaq in the coming week.
The U.S. market remains in a Confirmed Uptrend. Indices were relatively flat for the week, as the S&P 500 and Nasdaq are consolidating above 21-DMA (5,943, 19,290) support and remains only 3–4% off all-time highs. The distribution day count stands at five and three, respectively, with two days expiring on the S&P 500 next week.
The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq fell 0.4% and 0.6%, respectively, last week. Indices are 2–3% off their all-time high (6,147; 20,204), with primary support at rising 21-DMAs (5,921; 19,172). The distribution day count stands at five and three, respectively, after the S&P 500 added one on Friday.
This week, all sectors except Consumer Staple closed above their 50-DMA and all but Consumer Staple, Health Care, and Transportation above their 200-DMA.
The U.S. market is in a Confirmed Uptrend. Indices rose 1–2% this week and are approaching all-time highs ( 6,147, 20,204) which is less than ~3% away. The first level of support for the S&P 500 and Nasdaq is at their 10-DMA (5,935; 19,254). The distribution day count stand at four and three, respectively, with one day expiring on the S&P 500 next week.
