More of the Same
There was little change on the day-to-day machinations of the market. The S&P is riding along upper channel resistance with technicals still bullish.
The Nasdaq is caught in a halfway house with bullish technicals and a relative advantage of the index against the S&P.
The Russell 2000 is working off a MACD trigger 'sell' with a relative loss against the Nasdaq but watch how the index reacts when it tests the 20-day MA.
Finally, the Dow Jones Index made it to channel resistance.
For tomorrow, look for a reaction at channel resistance in the S&P and Dow Jones Index. For everything else, keep with the established trend; bullish for Tech and bearish for Russell 2000.
You've now read my opinion, next read Douglas' blog.
I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro, register through the banner link and search for "fallond".
If you are new to spread betting, here is a guide on position size based on eToro's system.
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Accepting KIVA gift certificates to help support the work on this blog. All certificates gifted are converted into loans for those who need the help more.
Follow Me on Twitter
Dr. Declan Fallon is a blogger who trades for fun on eToro and can be copied for free.
. I invest in my pension fund as a buy-and-hold.
The Nasdaq is caught in a halfway house with bullish technicals and a relative advantage of the index against the S&P.
The Russell 2000 is working off a MACD trigger 'sell' with a relative loss against the Nasdaq but watch how the index reacts when it tests the 20-day MA.
Finally, the Dow Jones Index made it to channel resistance.
For tomorrow, look for a reaction at channel resistance in the S&P and Dow Jones Index. For everything else, keep with the established trend; bullish for Tech and bearish for Russell 2000.
You've now read my opinion, next read Douglas' blog.
I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro, register through the banner link and search for "fallond".
If you are new to spread betting, here is a guide on position size based on eToro's system.
---
Accepting KIVA gift certificates to help support the work on this blog. All certificates gifted are converted into loans for those who need the help more.
Follow Me on Twitter
Dr. Declan Fallon is a blogger who trades for fun on eToro and can be copied for free.
. I invest in my pension fund as a buy-and-hold.
