martedì 25 marzo 2014

Following the Leaders Paints an Unclear Picture

The month of March has brought sideways action and a fairly tight range for all major indexes (Nasdaq closed at 4277 on 3/3 and closed Friday at 4276). Considering the positive move all indexes had during the month of February, consolidation is expected and probably a good thing. The action of leading stocks, however, has painted a somewhat different picture and is worth watching here.Below are what I would call the leading stocks of this market, or at least the stocks that I look to on a nightly basis to get an overall impression of how individual stocks are acting. When you look at these, many have pulled back much more than the overall indexes have done. I don’t take this as bullish. There are some that are …

via Chart Swing Trader:

The month of March has brought sideways action and a fairly tight range for all major indexes (Nasdaq closed at 4277 on 3/3 and closed Friday at 4276). Considering the positive move all indexes had during the month of February, consolidation is expected and probably a good thing. The…

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