Market update -levels

The DOW, S&P, and NAS100 all rallied up from the Dec low, back to the Sep/October high, and they are now pulling back a bit from that level.

The Russell2000 (small-caps) and the NYSE never made it back to the Sep/Oct top (chart below).
The NYSE index is a good gauge of overall market sentiment, representing roughly 2600 stocks traded on the exchange.

Essentially, since Jan 2018 (more than 15 months), the market has not really moved any higher...
We are in a consolidation period from the massive 10 year rally.







The FAANNGs, the prior market leaders, are struggling to get back to the Oct top, even tho the NAS100 already got there..




The market could go either way of course, but:
-the levels to watch on the UP-side would be the Oct (and Jan 2018) highs -some have already gotten there e.g. AXP, CSCO, DIS, MCD, PG, TRV, V, PYPL, SBUX...

-the levels to watch on the DOWN-side would be the intermediate lows seen in Nov, then the Christmas lows (NVDA is almost there already, as is INTC, and others). MMM WBA & DE, for example, already surpassed the Dec lows...