Trends for Major Indices os of March, 5th 2020

CNBC says Apple, Microsoft, Google look to move production away from China. That’s not going to be easy.

Important note: For the past couple weeks, I have been using the NDAQ stock, which isn’t the full Nasdaq composite, but it is a DIFFERENT Nasdaq stock. Here is the link to their webpage.

This is why in previous posts, the Nasdaq looks to be outperforming the other indices by a lot. This new chart, the real chart, is more inline with the other indices.

Nasdaq

  • Long-term: Up
  • Intermediate: Down
  • Short-term: Down

S&P 500

  • Long-term: Down
  • Intermediate: Down
  • Short-term: Down

Russell 2000

  • Long-term: Down
  • Intermediate: Down
  • Short-term: Down