Monday, April 12, 2010

Stock Market Commentary: Lingers at Friday's Highs

Very little change other than a successful defense of Friday's highs. For the S&P there was a flattening of the MACD but other technicals were able to inch higher

$SPX

via StockCharts.com


The Nasdaq had its third day of lower volume gains, but it wasn't enough to reverse the MACD trigger 'sell'

$COMPQ

via StockCharts.com


The semiconductor index made a better fist of it, but the gap breakout closed with a bearish shooting star as the MACD rolls a top.

$SOX

via StockCharts.com


What can tomorrow offer? Three days of ever lower volume gains suggests there will not be a fourth.

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