The Trend Is Up Until It Isn't...

I have been reviewing the major indexes this weekend to see where we stand with the long and medium term trends. As the charts below illustrate both time frames are still in an up trend. That being said the medium term charts are starting to look a little weak after the recent pull back. It is my opinion that we are in a side ways market which will make short term trading very difficult until the trend is resolved in one direction or another.

I also checked the current year to date market performance by index and market capitalization. You will see in the charts below that Mid Caps are out performing Large and Small Caps. Also, the S&P500 is doing slightly better than the Dow and NASDAQ.

Market Capitalization Year To Date (Large, Mid and Small)

Index Performance Year To Date

S&P500 Monthly Trend Is Up (Monthly Price Above Blue Line)

S&P 500 Medium Term Trend Is Up (Blue Line Above Green Line)

Dow Jones Monthly Trend Is Up (Monthly Price Above Blue Line)

Dow Jones Medium Term Trend Is Up (Blue Line Above Green Line)

NASDAQ Monthly Trend Is Up (Monthly Price Above Blue Line)

DJIA Medium Term Trend Is Up (Blue Line Above Green Line)