Today it certainly felt like a holiday week. Volume was on the light side and the market just drifted around. I think that the aftermath of Friday's Russell rebalancing had some effect as well. There were a lot of wacky moves in Russell stocks at the end of the day on Friday and many of those were unwound today. That's probably why the Russell 2000 was down today while the other indices were up a decent amount.
There's the possibility of month-end (and quarter-end) marking up (window dressing) tomorrow. That could make for an interesting session given the holiday-like volume we'll probably have.
no changes
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Long-Term | 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
*** 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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