Major Stock Indexes Update
Attached is the updated major equity index charts and relative performance table.
Notes:
On the S&P 500 chart the 30 week MA momentum is weakening and closed below the February low level this week. The Nasdaq Composite and the Russell 2000 Small Caps Indexes both closed near their lows of the week and also below their 30 week MAs once more, giving more weight to the potential Stage 3 tops forming in both indexes.
The US 30 Year Treasuries chart is in Stage 1B and close to a potential breakout into Stage 2A, which would be a further headwind for stocks as they tend to have a negative correlation.
US Stock Indexes
European Stock Indexes
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.