vimarsana.com

Page 6 - மதிப்பு வரி எண்கணிதம் குறியீட்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

4 Index Charts See Their Resistance Levels Violated

Where Does the Market Stand After Thursday s Rally?

Where Does the Market Stand After Thursday s Rally? Two of the sentiment indicators moved in opposite directions. Markets rallied Thursday after declines earlier this week. So where do we go from here? Let s check the latest index charts and market data. On the Charts All the equity indices closed higher Thursday with positive internals on the NYSE while the Nasdaq had slightly positive breadth but negative up/down volume. The charts saw some improvement with the S&P 500 (see below), DJIA, MidCap 400 and Value Line Arithmetic Index closing above their near-term downtrend lines and now neutral, while the MidCap and Value Line reclaimed their 50-day moving averages as well.

Index Charts See Further Weakening

Index Charts See Further Weakening NYSE cumulative breadth deteriorates. May 12, 2021 | 10:25 AM EDT All the major equity indices closed lower Tuesday with negative internals on the NYSE while the Nasdaq had negative breadth but positive up/down volume. The charts saw violations of uptrends with some bearish stochastic crossovers added into the mix. However, in our view, the Nasdaq 100 and Nasdaq Composite suffered less damage with some large-cap growth names closing higher on the day. Whether this proves to be a potential rotation out of what we see as extended recovery names back into growth has yet to be clarified. Cumulative market breadth deteriorated as well.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.