The U.S. market remains in a Confirmed Uptrend. This week, the S&P 500 was up 0.9%, while Nasdaq was up 0.3%. Both pushed further into all-time highs but finished in the bottom half of the weekly range. Immediate support is at the rising 10-DMA (5,553/18,234), with the next level of support at the rising 21-DMA (5,504/17,957). The distribution day count stands at three on both indices.
Tag: Confirmed Uptrend
Market View
The U.S. market remains in a Confirmed Uptrend. This week, the S&P 500 rose 1.9%, while the Nasdaq gained 3.5% this week and both indices pushed back into all-time highs. Immediate support at rising 10-DMAs (5,489/17,875), with the next level of support at rising 21-DMAs (5,446/17,668). The distribution day count stands at two on both the indices after one expired due to time at the end of the week.
Market View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 was essentially flat this week while the Nasdaq rose ~20 bps. Indices are just below all-time highs and are testing 10-DMA support (5,454/17,681) after staging a downside reversal on Friday. The next level of support is at the rising 21-DMA (5,409/17,453) which is 1-2% lower. The distribution day count stands at three and four, respectively.
Market View
The U.S. market remains in a Confirmed Uptrend. Indices remain near all-time highs with the first level of support at the rising 10-DMA (5,429/17,572), followed by the 21-DMA (5,373/17,242). The distribution day count stands at four on each index with one and two days set to expire on the S&P 500 and Nasdaq, respectively, next week.
Market View
The U.S. market remains in a Confirmed Uptrend. This week, indices rallied, with the S&P 500 and the Nasdaq rising 1.6% and 3.2%, respectively. The first level of support is at the rising 10-DMA (5,365/17,268), followed by the 21-DMA (5,326/17,054). The distribution day count stands at three and four, respectively.
Market View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq are chopping around near all-time highs after
rallying ~1.3% and ~2.3%, respectively. The first level of support is at the rising 10-DMA (5,311/16,959), followed by the 21-DMA
(5,276/16,7687). The distribution day count stands at three and four, respectively.
Market View
The U.S. market remains in a Confirmed Uptrend. Indices closed lower this week, with the S&P 500 and the Nasdaq declining
0.5% and 1.1%, respectively. However, indices staged an upside reversal on Friday to close back above their 21-DMA (5,243/16592)
support after briefly trading below. Distribution days have clustered a bit with three and four, respectively over three weeks.
Market View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 was flat for the week while the Nasdaq rallied ~1.3%
higher led by the technology sector. Both indices remain at or near all-time highs with the 10-DMA (5,276/16,690) as the first
level of support. The distribution day count stands at two on each index.
Market View
The U.S. market has been upgraded to a Confirmed Uptrend. The upgrade was triggered as the S&P 500 and the Nasdaq gained 1.5% and 2.1%, respectively, and pushed back through their prior highs. Initial support at their 10-DMA (5,237/16,457), followed by the 21-DMA (5,187/16,267). There are no distribution days on the S&P 500 and one on the Nasdaq.
Market View
The U.S. market remains in a Confirmed Uptrend. Indices closed mixed, with the S&P 500 rising 0.4%, and the Nasdaq declining
marginally. Both indices remain at or within 1% of their all-time highs. Short-term support for both indices remains at the 10-DMA
(5,207/16,292), followed by the rising 21-DMA (5,166/16,197). The distribution day count on the indices remains at four and eight,
respectively, with one expiring on each next week.
