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Volitile Price Moves Continue August 1, 2015

Posted by Tom in Thoughts.
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For the better part of this year, we’ve had prices swing up & down with a slight bias upward.

Blog NASDAQ

I’ve updated the price channel (in purple) to show these wide swings with the modest move up.  How much this index as performed over the past year is really a function of when you measured it.  One week the YTD return is positive, the next week it could be negative.

I note the Market Sentiment is generally positive, however the Money Flow is an uninspiring “Neutral”.  It appears that we can expect more ups & downs in the foreseeable future.  One thing to note is the possible change in leadership.  During the first half of this year it was Biotech and Healthcare, now those sectors are less certain.

I’ve just published my client newsletter for August with the top sectors lists and market strength pie charts, so I won’t repeat them here.  If you’d like to see them the newsletter is under the “Monthly Newsletter” tab above.

That’s it for now.     ……………  Tom  ………….

chart courtesy of MetaStock; used with permission

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