This was the opposite of one of *those* days. Today was an upside explosion which took many of the indices to new highs and everything was up.
I hear this was the biggest day for the Dow since 2002. It rallied 2.09% to close at a new all-time high.
The Naz followed through on yesterday's bounce off of the June highs. I would have liked to have seen volume higher than Tuesday's selloff.. but who cares what I want. :-)
After a 5 week break the S&P is back to making higher highs.
The small caps stopped just shy of a new all-time high.
The best performing sector today was the Gold & Silver Index ($XAU) which was up 3.3%.
Semiconductors were also strong with a 2.9% gain.
Clearly everything is up again.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Up | Up | Up |
| Intermediate | Up | Up(+) | Up |
| Short-term | Up | Up(+) | Up(+) |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Michael, how do you define 'short' 'medium' and 'primary' term? Thanks. I like to dot the i's.
above or below the 10, 50 or 200-day moving averages
Hi Mike-- according to IBD, volume today was slightly higher than Tuesday's on all the major indexes.
I'm happy the volume wasn't up "too" much. I don't want this move to look overcooked just yet :).