If the Dow closes at the high end of the trading range Today, note Today’s signal, a trend kicker signal. This would imply more upside, making the 50-day moving average still the likely target. The same scenario for the S&P 500. The NASDAQ gapped up and is trying to get through the 50 day and 200-day moving average. This would illustrate definite bullish control, provided the indexes closing near the high end of there trading ranges Today.
April 14th Daily Market Comments
If the Dow closes at the high end of the trading range Today, note Today’s signal, a trend kicker signal. This would imply more upside, making the 50-day moving average still the likely target. The same scenario for the S&P 500. The NASDAQ gapped up and is trying to get through the 50 day and 200-day moving average. This would illustrate definite bullish control, provided the indexes closing near the high end of there trading ranges Today.