2015.. Rare, medium or well done ? DJI, COMP, SPX, RUT

Since Q1 2009 the stock market has, to say the least, been on an absolute rip higher! Will this continue into 2015? Personally, I think there’s more upside to this market, but before we take a look at charts, let’s look at some astonishing performance numbers. From the 2009 lows to the current highs, the Dow Jones Industrial Average (DJIA), NASDAQ Composite (COMPQ), S&P 500 (SPX) and the Russell 2000 (RUT) have advanced as follows:

  • DJI +179.80%
  • COMP +280.47%
  • SPX + 213.97%
  • RUT +256.34%

Yeah, that’s what I said also, WOW!

Now we’re going to walk through eight charts – a 10 year and a 1 year for each of the aforementioned stock market indices – looking for clues if this upside move will be sustained into 2015.

Dow Jones Industrial Average 10 Year, Weekly chart

Dow 10 year, weekly chart

Dow 10 year, weekly chart

 

In the 1 Year chart below, you’ll see the Dow is at a very crucial point of either breaking out or being rejected near the 2014 high.

Dow Jones Industrial Average 1 Year, Daily chart

Dow 1 Year, Daily chart

Dow 1 year, daily chart

 


Now let’s turn our attention to the NASDAQ and let the charts do the talking.

NASDAQ Composite 10 Year, Weekly chart

NASDAQ Composite 10 year, weekly chart

NASDAQ Composite 10 year, weekly chart

 

In the 1 year chart below, you’ll see the NASDAQ, like the Dow, is at a very crucial point of either breaking out or being rejected near the 2014 high.

NASDAQ Composite 1 Year Chart

NASDAQ Composite 1 year, daily chart

NASDAQ Composite 1 year, daily chart

 


Now let’s take a look at the S&P 500 Index.

Standard and Poor’s 500 Index 10 Year, Weekly chart

S&P 500 Index 10 year, weekly chart

S&P 500 Index 10 year, weekly chart

 

And once again, in the 1 year chart below, like the Dow and NASDAQ,  you can see the S&P is at a very crucial point of either breaking out or being rejected near the 2014 high.

Standard and Poor’s 500 Index 1 Year, Daily chart

S&P 500 Index 1 year, daily chart

S&P 500 Index 1 year, daily chart

 


Lastly, let’s look at the small caps index, The Russell 2000.

Russell 2000 Index 10 Year, Weekly chart

Russell 2000 Index 10 year, weekly chart

Russell 2000 Index 10 year, weekly chart

 

No surprises here either. In the 1 year chart below, you can see the Russell is at a very crucial point of either breaking out or being rejected near the 2014 high.

Russell 2000 Index 1 Year, daily chart

Russell 2000 Index 1 year, daily chart

Russell 2000 Index 1 year, daily chart

 

I wouldn’t be overly concerned with the price action of any of the above major stock market indices the rest of this week but on January 5th, 2015 keep a keen eye on these “make or break” levels as volume returns and the “Santa Clause” period winds down.

Trade safe!

This post originally appeared on See It Market

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