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.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieqtt1a1HHJioJlX0gCkIAGwCMxv8kSxXtGGPrmtivCNr_8Jtz8RAWcpOX8tKWYBSMVEyzH79LT2mO2cvzjcLKfaEPF1zFuEGTV9vAtz7qLCYZsrO9ah71eMEzyppHwVjLlXSC/s1600/INDU_Apr21.png)
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.
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_umFPdfd2L6UjOK7pQ4kZnNTp9AceGSgbGE1K1i6iovXLrwo7j43_xPVcpylijlFth8oYK3c-KyHU_3Dy_oWtZyhxPClWEwAmHSRgl4kC63_WaaIOUYu-wPE1UU=s0-d)
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![](https://docs.google.com/drawings/d/1V_9h3vekAPeQe0hOV4NrWH-01fNKqG4_wGdYpMk_j10/pub?w=480&h=420)
![](https://docs.google.com/drawings/d/1cWdu_AloH0bkcswjo3FATkVZuNQN3zLSqOaSYkQfADk/pub?w=480&h=420)
![](https://docs.google.com/drawings/d/1IupRi6u_rFUV372W8Rva5gPhAlOogdH-B1KcXiBbVLE/pub?w=480&h=360)
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.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieqtt1a1HHJioJlX0gCkIAGwCMxv8kSxXtGGPrmtivCNr_8Jtz8RAWcpOX8tKWYBSMVEyzH79LT2mO2cvzjcLKfaEPF1zFuEGTV9vAtz7qLCYZsrO9ah71eMEzyppHwVjLlXSC/s1600/INDU_Apr21.png)
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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