Monday, May 5, 2014

5/5/14 Update

Commentary

The Dow Jones Industrial Average was up 18 points or 0.1% to 16,531. The S&P 500 was up 4 points or 0.2% to 1,885. The Nasdaq Composite was up 14 points or 0.3% to 4,138. Market volume was lighter. Market internals were mixed. Utilities led up 0.9% while Financials lagged down 0.4%.

Analysis

DJIA: Short Term Trend: Changed from Up to Down; Intermediate Term Trend: Up; Long Term Trend: Up
S&P 500: Short Term Trend: Changed from Up to Down; Intermediate Term Trend: Up; Long Term Trend: Up
Nasdaq Composite: Short Term Trend: Up; Intermediate Term Trend: Down; Long Term Trend: Down

Trade Ideas

I like the Gold Miners (since 4/1/14) through symbol GDX and the U.S. Dollar (since 4/28/14) against the Swiss Franc currency pair USDCHF.

Charts