December 3, 2007 Stock Market Recap
By Michael on Dec 3, 2007 in Stock Market
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.
Tags: Technical Analysis
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