Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, December 25, 2015

NASDAQ Back on Top of 7-Year Uphill Channel

The NASDAQ continues its 6-month downhill channel shown in the top chart below.  The longterm chart at the bottom shows that it has been determined to stay on top of its 7-year uphill blue line channel for the past couple of months but it slipped below a couple of weeks ago.  However, Yellen's Santa rally had no problem bringing it back to the topside of the blue line this past week.

Trade well my friends


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