Monday, April 28, 2014

Market Outlook 26 April 2014 - Some highlights

A dangerous and toppish year for US stocks this year. While the fundamentals economic indicators are all pointing up, the charts are showing possible inflection point. While Dow Jones and S&P is still on the uptrend, Nasdaq has broken down from its uptrend channel and trading below 100-MA. Nasdaq has tested the 4,000 level support third time in the last 4 months and that forms a significant bottom for 2014.

All posts and charts are for educational and illustration purposes only

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