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August 11, 2018 – Weekend Market Comment

August 11, 2018 – Stocks fell on Friday as geopolitical concerns pushed the Turkish lira to a record low against the dollar and rattled investors.

The Dow Jones Industrial Average dropped 257 points as Intel declined. The Dow also erased its gains for the month of August and was on track to post a three-day losing streak. The S&P 500 fell 0.8 percent as financials lagged. The NASDAQ Composite also pulled back 0.8 percent.





100 Series: In Market? Aggressive or Defensive?   
CLICK HERE: View 100 series charts




101 Bull Bear Bull market (dark green over red) the dark green 50-day average is in an upward trend. Also, the current price is still above the 50-day moving average. In the second window, we see slope is positive but the momentum of it is fading.  BULLISHBull market -- expect bullish outcomes.
103 NYSE 52-week high low market forces Breadth positive. but not strong. I spoke with Art Hill this week who mentioned foreign held ADR shares could be holding back the NYSE breadth. 

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August 04, 2018 – Weekend Market Comment

August 4, 2018 – The Dow Things were dull on Friday. The Jones Industrial Average rose on Friday, led by gains in IBM, as investors pored through newly proposed tariffs on U.S. goods by China and fresh jobs data. The Nonfarm Payrolls were just a bit lower than (Jul) 157K vs 193K Expected; Unemployment hit right on expectations, 3.9%. In mostly sideways trading, The three major indexes closed higher for the week, with the S&P 500 and Nasdaq rising 0.8 percent and 1 percent, respectively. The Dow rose just 0.04 percent this week. The S&P 500 and Dow also posted their fifth straight weekly gain.


100 Series: In Market? Aggressive or Defensive?   
CLICK HERE: View 100 series charts




101 Bull Bear Bull market (dark green over red) the dark green 50-day average is in an upward trend. Also, the current price is still above the 50-day moving average. In the second window, we see slope is positive but the momentum of it is fading.  BULLISHBull market -- expect bullish outcomes.
103 NYSE 52…