- 3 geen days
- 1 red day
The Tuesday big sell off is just a history by now, Wednesday and Thursday the market have been bounced back and moved impressively higher and now the SP500 is in a short distance to 1.900. Yesterday SP500 was traded just 0.3% below those high which was hit on 13th of May. Markets made nice, but volatile week so far.
Thursday all indices closed modestly higher. Yesterday the sentiment was absolutely positive since the bell rang and US indices strengthened during the whole trading session. The Russell as we anticipated yesterday over performed the other indices and was outstripping gains for other indices.
By the way, Russell2000. Some analyst says the Russell fell below its 200 day moving average. My question is that means anything? I doubt that, the MA200 is only able to show the median line and the past, but it has not any relevance for the future. So, we could ignore fully this 200MA believer’s interpretation.
At the bell stock markets ended the day with gains for a second straight session.
- S&P 500 — + 0.2%, to 1,892
- DJIA — + 0.1%, to 16,543
- Nasdaq — + 0.6%, to 4,154
- Russell 2000 — + 1%, to 1,114 – here is Mr. Market’s answer for the 200MA concerns
Technically SP500 made a break out Wednesday at 1.883 and gained further yesterday. The next target and resistance level is at 1.898. If this level is taken we could go up into higher territories heading to 2.000.
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