The major averages opened with modest gains today but did a slow climb into the close led by another rally in semiconductors.
The major averages opened with modest gains today but did a slow climb into the close led by another rally in semiconductors.
he technical condition of the market is again mixed with the Dow Jones, NYSE, Equal-weight S&P 500 (RSP) and Russell 2000 hitting new intraday record highs, while the S&P 500, NASDAQ, NASDAQ 100 and SOX finished sharply lower. The technical indicators are in line with the diverging indexes...
The technical condition of the market remains positive, as the major averages continue to notch new record highs. The technical indicators are positive with MACD - a short-term trend gauge - in bullish ground, while Momentum, as measured by the 14-day RSI, is strong but in overbought territory for the S&P 500 and NASDAQ. Stochastics, which are in the low 90's, also indicate overbought conditions.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 26213.72 | 393.58 | 1.52% | 12.79% |
| DJ UTILITIES | 1146.08 | -15.81 | -1.36% | 7.3% |
| DJ TRANSPORT | 21749.79 | -175.2 | -0.8% | 25.31% |
| DJ INDUSTRIALS | 52319.2 | 136.46 | 0.26% | 8.85% |
| NYSE COMPOSITE | 23834.23 | 31.52 | 0.13% | 8.32% |
| S & P 100 INDEX | 3667.27 | 31.19 | 0.86% | 6.84% |
| RUSSELL 2000 | 3024.37 | 13.95 | 0.46% | 21.86% |
| S&P 500 | 7499.36 | 58.93 | 0.79% | 9.55% |
| CBOE MKT VOLATILITY | 16.45 | -1.2 | -6.8% | 10.03% |
| AMEX COMPOSITE | 7759.35 | -42.59 | -0.55% | 13% |
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