Market Analysis (05 April’21)

The Dow Jones Industrial Average and S&P 500 surged to records on Monday as a strong jobs report and data showing a rebound in the services sector cheered investors hoping for a robust economic recovery.

TREND ANALYSIS

All four indices are currently in the UPTRENDS on all three timeframes: Daily, Weekly and Monthly.

Daily Heikin Ashi Charts

Weekly Heikin Ashi Charts

Monthly Heikin Ashi Charts

BIG TECH IS HOT AGAIN

GOOGL, MSFT and FB reached their new all time highs today. If investors continue to bid the big tech stock prices higher during the next several weeks, Nasdaq will most likely reach its own new ATHs soon (especially since its Advance-Decline Line closed at the new all time high today – see chart below).

GOOGL, daily

MSFT, daily

FB, daily

Nasdaq’s Advance-Decline Line, daily

Leave a Reply