Thursday, April 25, 2019

Small Caps Fall Back To Converged Moving Averages

There wasn't a whole lot to today's action despite the damage done to my monitored Shutterstock ($SSTK) following disappointed earnings. The Small Caps index fell back into converged 20-day, 50-day and 200-day MA.

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Tuesday, April 23, 2019

A Good Finish For Bulls

Nothing spectacular but after day's of tight intraday action, today's action belonged firmly in the bull column. In percentage terms there wasn't a whole lot to today's gain but relatively, the gain was key.

For the S&P we now have a new closing high on slightly higher volume accumulation. While the MACD has flatlined there is still bullish accumulation trends in On-Balance-Volume and relative performance, alongside strongly overbought stochastics; what is bullish stays bullish until proven otherwise.

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Monday, April 22, 2019

Small gains for Nasdaq; Russell 2000 at converged 20-/50-day MAs

My individual picks on invest4success are showing a greater level of weakness than the indices. This may reflect bad stock picking on my part, or could represent a hidden undercurrent of weakness which hasn't represented itself in the broader market. Time will tell which side is true.

Leading on from this, I would like the Russell 2000 to regain its leadership which it lost in March. The February high rebuttal off the 200-day MA remains the high for the index in 2019, but something more is required to see a reversal in the relative performance loss.

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Sunday, April 21, 2019

Minor Changes

While my invest4success picks saw some changes, the larger picture didn't change a whole lot.

The biggest gain was from the Dow Industrials. While the gain was nothing to write home about it was the only index to register a gain.  Volume was lighter but technicals are net bullish. If there was a downside, it's that relative performance needs a pick up to run alongside index gains. The S&P didn't change a whole lot so haven't feature it.

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