Daily Stock Market Analysis June 22 2017 Thursday

There is always a reason why there is divergence between the S&P 500 and Nasdaq. A trend following tool will be able to help you see that. Yesterday, S&P 500 and the Dow Jones fell while the Nasdaq Composite rose. Well, I guess it surprised many people, but not me or those of us here that use a trend following tool to help us.

The trend is your friend as they say.

While a good system may not give you 100% accuracy, it helps us to be on the right side of the market 75% of the time. As you shall see in the charts below, the Nasdaq was trending up in the 15 min charts while the SPY and DIA was trending down in the 5 min charts.

Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com

Charts with the investing.com logo are courtesy of Investing.com powered by Trading View

If you like this article, consider starting the Stock Market Course. It is free and jam packed with great information for newbies.
Want to have updates on the financial markets? Join my Telegram Channel. Dstockmarket.com Channel.
Help support this page and press the Facebook Like button below. Thanks!