It was a bad day for the stock market. The Dow Jones Industrial Average (^DJI:DJI) closed down -0.60%, the S&P 500 cash (^GSPC:SNP) closed down -0.80%, the Nasdaq Composite closed […]
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Below are the average percent changes for the S&P 500 cash contract and the Nasdaq Composite (click to enlarge):
We are in the midst of the worst two quarters of the 4-year cycle, Q2-3 of the midterm year. So far the three major U.S. equity indices are up about 2-4% for the first two months of Q2, better than average.
June is the end of the Best Eight Months of the Year for NASDAQ and the Russell 2000 small cap index, so next week we will begin tracking MACD for a sell signal in these two markets.
The Nasdaq has had an impressive run up over the past two weeks; however, price is now approaching previous highs on the chart, which could temporarily suspend near-term bullish momentum.
Heard On The Floor With Tim Haefke
by Kathy Garber & FairValue Trader Harmonically speaking Nasdaq futures, NQZ14 is the underlying instrument used for Nadex, shows price is in between opposing emerging patterns with line in […]