This week both the NASDAQ and S&P 500 made new all time highs and in doing so turned the Trade Triangles back to the positive mode on both indices.
Well here we are, it's Friday, and the question is. Is this trend going to continue? I say yes, at least for now.
The only index that has not joined the party is the Dow. The problem with the Dow is that it is made up of just 30 stocks big stocks who are not seeing much growth as of late and have been somewhat hurt with the strong dollar. Unlike the NASDAQ and the S&P 500 which are much broader indices and offer a bigger cross-section of growth stocks. [Read more...]