On Wall St: Look At The Forest, Not Just The Trees

Want This Done For You?
Consider Joining FindLeadingStocks.com

Every so often, it is healthy to step back and look at the bigger picture to filter out the noise (enter negative headline of your choice here) and objectively analyze the health of the market. As is usually the case, there are no shortage of negative headlines but stepping back- the major averages are acting relatively well when viewed on a weekly basis. 

Here are a few weekly charts for your review.
S&P 500
SPX-
Dow Jones Industrial Average:
DJIA
Nasdaq Comp:
Naz Composite

Similar Posts

  • DJIA, Nasdaq Composite, & S&P 500 Are All Above Resistance

    As of 2:45pm EST on Thursday, July 22, 2010 all the major averages are trading above their respective two month downward trendlines and their 50 DMA lines. However, it is a bit disconcerting to see volume recede as the market moves higher. This is the exact opposite of what one would like to see when the major averages rally above resistance. It is also important to note that the major averages are rallying up to an area where they encountered resistance several times in recent weeks and they are still below their longer term 200 DMA lines. That said, we can not argue with the tape and the bulls deserve the bullish benefit of the doubt until this “breakout” is negated. Trade accordingly.

  • The Moving Average Sandwich

    Here Is An Excerpt From FindLeadingStocks.com’s Intra-Week Update. If You Want To Buy Leading Stocks…EARLY. Sign Up Here… FLS Update: All Eyes On The ECB Holding Pattern Continues Ahead of Thursday’s ECB Meeting The U.S. stock market is holding up rather well as global markets continue trading all over the map and earnings are being released in…

  • The Good, The Bad, and The Lovely; Week Ending 08.30.13

    The Lovely: Stocks are getting weaker, not stronger. The Good: 1. Leading stocks are acting well 2. The Dallas Fed manufacturing survey rose to 5.0 which beat the Street’s forecast for 4.5 3. Case for the Fed to taper in September has weakened 4. The Richmond Fed Manufacturing index, which measures manufacturing activity in region, jumped to 14, easily beating estimates…

  • Good & Bad For The Week

    Good: Initial jobless claims plunged to 255k, easily beating estimates for 279k and hit the lowest level in decades Leading Indicators rose by +0.6% in June, beating estimates for +0.2% gain The Manufacturing PMI Flash index rose to 53.8, beating estimates for 53.7 The Chicago Fed National Activity Index rose to 0.08, beating estimates for…

  • Havard Business: 5 Characteristics of Successful Innovators

    The Five Characteristics of Successful Innovators Get Powerful Ideas Delivered To Your Inbox Tomas Chamorro-Premuzic | October 25, 2013 There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to…

  • 7 Things That Concern Me About This Rally- Right Now

    1. We have come too far too fast. How many times do you remember seeing the SP500 soar 17% in 3 weeks (or know of it ever happening in history)? And the kicker- the move has been on below average volume! Moreover, if the market is to get back to 1370 (2011 highs) by year end- it will have to move 28% from Oct 4- Dec 31. Possible, but probable?
    2. Nothing has changed- the “fundamental” mess that sent a slew of risk assets lower over the summer (i.e. US and EU debt issues, anemic economic growth, etc.)- are still unresolved… Everyone (right now) is focused on Greece. However, even if Greece is “handled” it does not address the broader issue: The other PIIGS are broke!
    Don’t Be Left Behind!
    Always Know Where The Leaders Are!
    FindLeadingStocks.com
    3. Most bear markets last 18-24 months- not less than 1 day. The S&P 500 officially hit bear market territory on 10/4 (down 20% from its 2011 high) and that lasted for a tenth of a second because that was the exact low for the year (so far). Normally, the 18-24 months allow stocks to reset their bases and paves the way for new leadership to emerge.