[ mkt thoughts ]
couple things:
djia/spx is stronger than naz.
naz has more resistance points above it.
all indices are showing bottoming signals.. but dont be surprised if dow slips below 9000 again.
monday's action is important. if dow continuse to go up, then there is a change we might see a rally to old highs (9300).
naz has 50 day ema above it, as well as 21 day ema. (look at stats for precise levels).
at the moment, i do not think we will rally to new highs in the mkt (djia/spx). naz is too weak right now.
===========
CSS II:
Analysis of NASDAQ COMP
(.IXIC)
Reviewed on 6/5/98
****************************
High: 1,782.920
Low: 1,766.310
Close: 1,782.920
Change: 12.970 (0.7328%)
Volume Today: 0 shares.
On 6/5/98, NASDAQ COMP closed up 12.9701 at 1,782.9200 on volume 0.00% below average.
****************************
Summary:
Moving Averages
NASDAQ COMP closed at: 1,782.920
The close is currently Above its 5 period exponential moving average (1,770.7212).
The close is currently Above its 9 period exponential moving average (1,777.5746).
The close is currently Below its 21 period exponential moving average (1,801.0212).
The close is currently Below its 50 period exponential moving average(1,807.3010).
The close is currently Above its 200 period exponential moving average (1,689.2905).
****************************
Candlesticks (Automatically done by Metastock. Accuracy Unverified)
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
CSS II:
Analysis of S&P 500 INDEX
(.SPX)
Reviewed on 6/5/98
****************************
High: 1,113.880
Low: 1,078.100
Close: 1,113.860
Change: 23.040 (2.1122%)
Volume Today: 0 shares.
On 6/5/98, S&P 500 INDEX closed up 23.0400 at 1,113.8600 on volume 0.00% below average.
****************************
Summary:
Moving Averages
S&P 500 INDEX closed at: 1,113.860
The close is currently Above its 5 period exponential moving average (1,107.0039).
The close is currently Above its 9 period exponential moving average (1,102.5682).
The close is currently Above its 21 period exponential moving average (1,070.2577).
The close is currently Above its 50 period exponential moving average(995.2377).
The close is currently Above its 200 period exponential moving average (768.8815).
****************************
Candlesticks (Automatically done by Metastock. Accuracy Unverified)
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
CSS II:
Analysis of DJ INDUSTRIAL IDX
(.DJI)
Reviewed on 6/5/98
****************************
High: 9,039.460
Low: 8,870.560
Close: 9,037.710
Change: 167.150 (1.8843%)
Volume Today: 0 shares.
On 6/5/98, DJ INDUSTRIAL IDX closed up 167.1504 at 9,037.7100 on volume 0.00% below average.
****************************
Summary:
Moving Averages
DJ INDUSTRIAL IDX closed at: 9,037.710
The close is currently Above its 5 period exponential moving average (8,935.0078).
The close is currently Above its 9 period exponential moving average (8,947.5977).
The close is currently Above its 21 period exponential moving average (8,992.0996).
The close is currently Above its 50 period exponential moving average(8,939.1260).
The close is currently Above its 200 period exponential moving average (8,332.9932).
****************************
Candlesticks (Automatically done by Metastock. Accuracy Unverified)
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles. |
