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December 3, 2007 Stock Market Recap

The indices gave back a bit of last week’s massive gains in light volume today. The volume and the size of the drops makes it appear to be nothing but a normal retracement.

Trend Table

No changes:

Trend Nasdaq S&P 500 Russell 2000
Primary Up Lat Down
Intermediate Down Down Down
Short-term Up Up Up

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

*** I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.

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