Friday, July 18th. - Stock Trends, Charts, and Commentary (***If you see last week's Wednesday Update: Click Here)
Friday Index Update ...
It is not often that you can see the important indexes all together in a comparative fashion like on today's chart below.
Note that each index ... the Institutional Index, the NYA Index, the SPY, and the NDX all show levels above their March to May highs in spite of yesterday's drop.
As we commented last week, the concern for investors could be the IWM which represents the Russell 2000 and smaller U.S. companies. As you can see on its chart (at the very bottom), the Russell 2000 has not been able to rise above a "triple top". This could put it in a position to be the canary in the coal mine, so keep an eye on its behavior. (Note: This chart is posted every day on our regular subscriber site.)
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