Nasdaq Composite, SP500
Big Picture Snapshot 05-05-2013
Published WEEKLY on Sunday 12:00pm
GOAL of this Analysis:
> Major indexes are featured providing insight to overall prevailing direction.
> Identify the stage in which the Indexes are trading.
The 4 Market stages are: Basing, Advancing, Topping & Declining
Current Market Stage: ADVANCING (setting all-time highs)
Color Key for indices noted below:
Green (Bullish) - ABOVE 20 & 50-day Moving Averages (dMA)
ORANGE (Caution) - BELOW 20 & ABOVE 50dMA or ABOVE 20dMA & BELOW the 50dMA.
RED (Bearish) - BELOW 20 & 50dMA
Charts courtesy StockCharts.com Composed by SelectiveChartists.com