The market indexes are obviously not going up and they’re not going down, currently the Dow is trading slightly positive while the NASDAQ is trading slightly negative. The operative word is slightly. The Dow and S&P 500 are trading between the T-line and the 50 day moving average, sideways. The NASDAQ is trading just above the T-line but has an obvious resistance level at the recent highs. Until there is a major break one way or the other, each individual stock chart remains the prominent evaluation factor.
April 4th Daily Market Comments
The market indexes are obviously not going up and they’re not going down, currently the Dow is trading slightly positive while the NASDAQ is trading slightly negative. The operative word is slightly. The Dow and S&P 500 are trading between the T-line and the 50 day moving average, sideways. The NASDAQ is trading just above the T-line but has an obvious resistance level at the recent highs. Until there is a major break one way or the other, each individual stock chart remains the prominent evaluation factor.