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Friday, August 18, 2017 8:24:29 AM
DP Bulletin: S&P 100 and Nasdaq 100 ST Trend Models Switch Back to NEUTRAL
By Carl Swenlin | August 17, 2017
Today both the S&P 100 ($OEX) and Nasdaq 100 ($NDX) Indexes switched from Short-Term Trend Model BUY signals to NEUTRAL, when their 5EMAs crossed back down through their 20EMAs. With only two days since the last signal changes, this is more annoying whipsaw, but I think these signals will hold for a while. I'll be making a full assessment in tomorrow's DP Weekly Wrap.
Today's decline was a retest of last week's low, a retest that obviously failed.
Of the four major averages we track here, the Nasdaq 100 was the only one that did not break through last week's low.
Happy Charting!
- Carl
Technical Analysis is a windsock, not a crystal ball.
http://stockcharts.com/articles/decisionpoint/2017/08/dp-bulletin-more-whipsaw----sp-100-and-nasdaq-100-back-to-trend-model-neutral.html
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By Carl Swenlin | August 17, 2017
Today both the S&P 100 ($OEX) and Nasdaq 100 ($NDX) Indexes switched from Short-Term Trend Model BUY signals to NEUTRAL, when their 5EMAs crossed back down through their 20EMAs. With only two days since the last signal changes, this is more annoying whipsaw, but I think these signals will hold for a while. I'll be making a full assessment in tomorrow's DP Weekly Wrap.
Today's decline was a retest of last week's low, a retest that obviously failed.
Of the four major averages we track here, the Nasdaq 100 was the only one that did not break through last week's low.
Happy Charting!
- Carl
Technical Analysis is a windsock, not a crystal ball.
http://stockcharts.com/articles/decisionpoint/2017/08/dp-bulletin-more-whipsaw----sp-100-and-nasdaq-100-back-to-trend-model-neutral.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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