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Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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The Predominant Trend ...

Today's update is as of last Friday's close ... The predominant trend has not yet shifted to a down trend yet as seen in the chart below that shows 5 key indexes.

The Institutional Index, the SPY, and the NDX./QQQ, were above their  horizontal resistance/support lines.

The NYA and the IWM were below their thick black horizontal resistance lines. (The IWM did lose ground since last week and needs to hold this week.)

Institutional Index of Core Holdings, NYA Index, SPY, NDX and IWM Charts

 

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