Posts filed under “Technical Analysis”
As of yesterday’s close, the year-to-date gains for many of the major indices – excepting the first week run up – have been eliminated.
As of last night’s close, the NDX, the S&P500, and the Nasdaq comp are below the opening weeks’ highs.
click for larger graphs:
Essentially, the entire year’s performance gains have come from that single week’s run up.
UPDATE: April 18, 2006 12:39pm
Note: I whipped these up before the open —
Better make that one week and a day!
Ritholtz Research & Analytics
In the past, I have warned against relying on the magazine cover indicator for specific companies. There are some very specific caveats on this here. The reason for this is that, in my experience, the Cover Indicator is useful for determining when large social phenomena are reaching an emotional crescendo. Oftentimes, emotions take over at…Read More