NEW YORK (TheStreet) -- The stock market finished to the upside on Tuesday. For the sixth consecutive day the S&P 500, the Nasdaq, and the Russell 2000 surged ahead.
The DJIA was also up, making it five out of six days to the upside. Since those huge down days of April 10-11, the markets have recouped all of their losses.
The Nasdaq gained 39.91 points on Tuesday to close at 4161.45, while the DJIA gained 65.12 points to close at 16514.37. The Russell 2000 gained 13.30 to close at 1155.61 and the S&P 500 gained 7.66 to close at 1879.55.
The Nasdaq and Russell 2000 have now followed the DJIA and the S&P 500 into Trend Bullish territory. Trend Bullish is a three-month or longer time frame, according to my internal algorithm process.
It was a short two weeks ago that all the indexes entered Trend Bearish territory. They did not stay there very long. It begs the question, how long will the indexes now stay in Trend Bullish territory? It may not be very long. This stock market in 2014 has been volatile. It has no memory from day to day or week to week.
The one issue that has consistently been at the forefront of the up days in 2014 has been the volume. Volume is a constant issue that matters to me. The volume over the last six trading days has been less and less every day. As a matter of fact, Monday was the second-lowest volume day of the year in the S&P 500 Trust Series ETF (SPY).