Charting Weekly Indices

Michael Kealy joins Scott at the end of the week to wrap up a volatile market of earnings. We did have some sluggishness in terms of not seeing the momentum really carry forward nether on the upside bullishness or on the downside bearishness this week. The S&P 500 trend is in positive motion, above both above the 21 and 50 day moving averages. On the other hand, Michael points out the flat 50 day moving average of the Nasdaq which clearly shows underperformance of growth technology relative to cyclical value represented in the S&P 500.

Chart Master

13 May 2021

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Charting Weekly Indices

Michael Kealy joins Scott at the end of the week to wrap up a volatile market of earnings. We did have some sluggishness in terms of not seeing the momentum really carry forward nether on the upside bullishness or on the downside bearishness this week. The S&P 500 trend is in positive motion, above both above the 21 and 50 day moving averages. On the other hand, Michael points out the flat 50 day moving average of the Nasdaq which clearly shows underperformance of growth technology relative to cyclical value represented in the S&P 500.

Chart Master

13 May 2021