The early strength gave way to a day of vacillating around unchanged. The indices ended the day up slightly on mildly higher volume. This looks and feels like just an oversold bounce that could peter out at any moment.
Trend Table
One change today
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Long-Term | Down | Down | Down |
| Intermediate | Up | Lat | Up |
| Short-term | Lat | Down | 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.
Thanks for the info on Schwab, Street Smart Pro cannot 'find' many active stocks to short during the last weeks - surprise!! Also they were down about 30 minutes during the trading day. Where did you migrate to? Thanks.
I switched to Think or Swim but I may move again. I just can't get used to their interface. I may end up at Interactive Brokers.