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.
Small Caps tagged converged 20-day and 50-day MA in a small loss. This has set itself out as a successful support test, but no further losses can be taken for this to remain a successful support test.
The Nasdaq barely acknowledged a gain (or a loss) and technicals didn't change a whole. There was a MACD trigger a 'sell', but it has effectively flat-lined before this so one cannot read a whole lot into this.
Semiconductors didn't flash a bearish evening shooting star, so the gap higher has a greater chance of sticking (bullish)
So, for tomorrow, we will want markets to hold what support they have, but ideally bulls will want a 1% gain to push markets beyond the minor gains registered today.
You've now read my opinion, next read Douglas' blog.
--- 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
Investments are held in a pension fund on a buy-and-hold strategy.
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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.
Small Caps tagged converged 20-day and 50-day MA in a small loss. This has set itself out as a successful support test, but no further losses can be taken for this to remain a successful support test.
The Nasdaq barely acknowledged a gain (or a loss) and technicals didn't change a whole. There was a MACD trigger a 'sell', but it has effectively flat-lined before this so one cannot read a whole lot into this.
Semiconductors didn't flash a bearish evening shooting star, so the gap higher has a greater chance of sticking (bullish)
So, for tomorrow, we will want markets to hold what support they have, but ideally bulls will want a 1% gain to push markets beyond the minor gains registered today.
You've now read my opinion, next read Douglas' blog.
--- 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
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