CNBC has this “For the quarter, the S&P 500 rose 7.2 percent, its best quarterly gain since the fourth of quarter 2013.”
The article further adds this “The Nasdaq Composite also notched a 7.1 percent quarterly gain, its best since first quarter 2017. ”
DMSI – delta market sentiment indicator is 56.0
s&p 500 stocks above their 50 day SMA stabilized after it declined entire last week.
my decision – continue to stay in QLD and long on NQ
When the market fell on Monday, Look at the first chart – how much percentage of S&P 500 stocks fell below their 50 Day SMA? Just minuscule!
the second chart is the ETF FFTY is top 50 growth stocks in the market. It is holding well.
NFLX went up well in high volume on Monday.
Decision : I’ll continue to be in the market and am long on QLD and NQ.
Thursday, September 13th 2018 at 8:20 am Indian Standard tine and around 10:51 pm September 12th in NYC
it is a third day of bottoming for NASDAQ.
NASDAQ lost almost 1.1 % yesterday at one point of time then recovered well with a loss of little more than 0.2 % in slightly higher volume – green flag.
A/D line for NYSE has actually improved – 1554 stocks up in 1.95 billion volume and 1226 stocks down in 1.19 billion volume. Good up volume almost double then down volume and majority of stocks up. Green flag
3rd day S&P 500 going up and that too in higher volume.
S&P 500 stocks percentage above their 50 day SMA has improved to 65.14
and FFTY actually went up
decision – I am staying in the market and NQ