tag:blogger.com,1999:blog-5565288186605875491.post3378516664464795170..comments2023-08-15T03:13:04.161-05:00Comments on Matrix Markets: USA Stock Indexes: Week End UpdateMatrix Marketshttp://www.blogger.com/profile/15976597241265236526noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5565288186605875491.post-70803623454171623442010-03-08T00:40:53.108-06:002010-03-08T00:40:53.108-06:00IWM was able to break upside through all recent re...IWM was able to break upside through all recent resistance, including the previous 2010 highs. This was the first of the four indexes reviewed to do this. QQQQ should be the next index to test the "final recent resistance", the 2010 highs. However, IWM is not so much contingent on the strength or weakness of the US Dollar, since it consists of mid and small cap domestic stocks. QQQQ has international, including technology, companies in the index that are affected adversely by a stronger US Dollar.<br /><br />To answer your question, barring a major strengthening of the US Dollar as the result of an international military event or sovereign debt crisis, YES, I think there is still upside, bullish momentum. The bottoming of the 25 day simple moving average, and subsequent increasing ascent, is a very bullish sign, imho.Matrix Marketshttps://www.blogger.com/profile/15976597241265236526noreply@blogger.comtag:blogger.com,1999:blog-5565288186605875491.post-59309024056801617192010-03-07T15:37:47.742-06:002010-03-07T15:37:47.742-06:00Do you this there is still momentum left with mark...Do you this there is still momentum left with market nearing resistance again?Anonymoushttps://www.blogger.com/profile/12397351520040152701noreply@blogger.com