The Dow and S&P are stronger than the Nasdaq Composite

The stock market is bullish but, this time, it’s the Nasdaq that’s lagging. All three indexes had a two-day bullish turnaround on Thursday and Friday. Friday’s gain, compared to Thursday’s drop, was huge in the S&P and DOW. In the Nasdaq, the price did not move above Thursday’s high.

Our table of Relative Strength Stock Market Sectors shows widespread strength in  the Technology and Cyclicals Groups. The only significant weakness is in the Media Sector that dropped almost 3% since August 1. The Apparel and Automobile Sectors zoomed higher by more than 5.5%. Two Sectors that serve as a window into our economy, Retail and Transportation grew by 1.9% and 1.5% respectively.

Here’s the Relative Strength Chart of the Automobile Sector:auto

 

Put in your name and email for our
free weekly stock newsletter

You'll get:

* Weekly Emailed Stock Market Analysis

* Trading Educational Tips - once or twice a week

email

name 

  • Every trader, no matter how good, has losses.

     

    The only ones that don’t are Ponzi schemes.

  • What kind of results will I get?

     

    You’ll get more wins than losses and average gains bigger than losses.

  • But, you need more than just good trades!

     

    Too much risk leads to disastrous losses.

    Geometrically increase your results with the correct use of risk.

  • How do I get started?

     

    Click subscribe (on the menu) and make a selection.

    Submit and you’re set to go once you receive a return email.