Yellow Arrow Sideways
SP500 at the close --- 4,486.46 +15.09 (+0.34%)
DJI30 --- 35,258.61 -36.15 (-0.10%)
NASDAQ --- 15,021.81 +124.47 (+0.84%)
Russell 2000 --- 2,267.84 +2.19 (+0.10%)
The SP500 opened at 4464, off 6 points, and quickly dropped to 4447, off 22. Then it climbed quickly, reaching 4470 after 10:00. After an hour of sideways motion it climbed again to 4484, up 14, before 11:30. Then it went sideways again, staying above 4477. At 2:30 it started to rise again, hitting the hi of 4489 a few minutes before the close. This is an outside day by 13 points at the top and a fraction of a point at the bottom, with a small gain at the end..
The DJI followed a similar path in the morning, hitting the day's hi of 35326 before 11:30. Then it slid lower until 2:30, when it started a slow rise, uneven rise into the close. It had a mixed day with the hi and lo higher by the tiny margins of 7 and 12 points while losing 36 at the close. So this session was basically flat.
The NASDAQ had a similar first hour then rose the rest of the day, finishing within 6 points of the hi. It had an outside day by 122 points at the top and 15 at the bottom.
The Russell 2000 also had a similar first hour. But it went sideways until 11:30, then rose to the day's hi of 2272 at 12;15. It then slid until 2:00 before going sideways the rest of the session for a tiny gain. It had a mixed day with the hi lower by 34 points and the lo lower by 10, contra the 2 point gain at the close
After two sessions of strong gains, today was pretty much ho-hum. I'm going with yellow, despite the reasonable gain in the NASDAQ. The sort term trend still appears to be up, but it's too early to say for sure. Follow-through for the rest of the week will be important. I've probably said that before.
P500 Closings -
10/18/19 - 2986
10/16/20 - 3484
09/17/21 - 4433
10/18/21 - 4486
NYSE Internals -
A/D = 1597/1699 = 0.94
A/D Vol = 0.85
New Hi/Lo = 141/47 = 3.00