stock market overview

The stock market is very weak

The market has turned very weak. All the indexes have broken their short-term bullish trend lines. The long-term chart of the Nasdaq Composite shows that last week’s action brought the price back into the channel. It had been above the channel for five straight months. So far in April, the Dow lost 2.66%, the S&P […]

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Long-term and under the covers, the market is still bullish

The stock market has moved to a loss for January. However, the longer-term view shows the stock market still bullish. In fact, the Nasdaq Composite is till above its longer-term trend channel that began in October 2011. Prices are completely contained within their respective trend channels of the same period for both the S&P and […]

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