Warm weather, sunny days, makes everybody more confident. Although the NASDAQ has been showing consistent uptrending, Today the S&P 500 is showing the greatest strength, gapping up through the 200 day moving average. The prognosis remains the same, as long as the indexes continue to trade above the T-line and well into the up-trending channel, investor sentiment will continue in a bullish trend. The Dow gapped up after Friday’s Doji, a best friend signal, implying the next target will be the 200-day moving average.
May 26th Daily Market Comments
Warm weather, sunny days, makes everybody more confident. Although the NASDAQ has been showing consistent uptrending, Today the S&P 500 is showing the greatest strength, gapping up through the 200 day moving average. The prognosis remains the same, as long as the indexes continue to trade above the T-line and well into the up-trending channel, investor sentiment will continue in a bullish trend. The Dow gapped up after Friday’s Doji, a best friend signal, implying the next target will be the 200-day moving average.