A simple rule of market trend analysis is utilizing what each market index is doing as a total analysis. Today, the Dow and S&P 500 is trading lower but the NASDAQ is trading higher. This combination infers that the current market trend has not changed, there is no consensus of the indexes. As long as the indexes remain above the T line, expect the 200 day moving average to be the next likely target.
October 19th, Daily Market Comments
A simple rule of market trend analysis is utilizing what each market index is doing as a total analysis. Today, the Dow and S&P 500 is trading lower but the NASDAQ is trading higher. This combination infers that the current market trend has not changed, there is no consensus of the indexes. As long as the indexes remain above the T line, expect the 200 day moving average to be the next likely target.