Wednesday, April 15, 2015

5000: A Nasdaq Odyssey

The Market Trend Model (http://bitly.com/M_Trend_Model) continues to hold its positive bias as the Nasdaq retook the 5,000 mark today with expanding volume. 
The Russell 2000 broke out of its trading range with expanding volume today while the NasdaqNasdaq-100and the S&P 500 are threatening to break out of their respective trading ranges.

Without a doubt the QE Infinity market is alive and well as central banks across the globe continue to do everything they can to keep equity markets inflated while economic forecasts are tepid at best (http://ow.ly/LF0GC).

With the market indexes moving to new 52-week highs there is really not much here to analyze except to watch for the price momentum to follow through in the coming days.  Remain mindful of all possible outcomes and trade with the trend.