No great change for indices again. There could be an argument for a possible acceleration in the bullish trend for Large Caps and Tech Indices, but it's not exactly convincing. On a positive front, technicals are in good shape across all indices.
The Nasdaq is in the process of building a relative performance advantage against Small Caps by the acceleration in the bullish trend.
The S&P just registered as a new MACD trigger 'buy', but the rate of gain is not the same as the Nasdaq.
While Small Caps took a small loss, it didn't break its trend, although another loss like today's will be enough to do so. The index lost ground against Large Caps and Tech indices, switching to a 'sell' relative to these indices.
Until there is a trend break in the Russell 2000, there isn't much more to say on the indices.
Comments
Log in or sign up to join the conversation.