I don’t have much to say today. The market followed through on yesterday’s bounce and is back at or near new high territory. The Dow made a new all-time high, the small caps (Russell 2000) are suddenly at a new closing high and the S&P is just a few points away from new 2006 highs. The notable exception is the Nasdaq. Charts of the Nasdaq, S&P 500, Dow, Russell 2000 and Apple Computer are below… (standard holiday week low-volume disclaimer applies):
After a rough morning and 60 million shares later it’s like today never happened for Apple Computer (AAPL):
Trend Table
No changes
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Up | Up | Up |
| Intermediate | Up | Up | Up |
| Short-term | Down | Up | Down |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
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