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April 14, 2018 – Weekend Market Comment

April 14, 2018 – President Donald Trump said U.S., British and French forces had launched airstrikes targeting sites associated with Syria’s chemical-weapons capabilities, a reprisal for an attack last week that killed at least 43 civilians and injured hundreds more. Markets were closed during the attack so we have not seen the markets reaction. 

U.S. stocks fell on Friday as several banking companies weighed down the major indexes on the final day of an otherwise strong week for equities. The Dow Jones industrial average fell 122.91 points to close at 24,360.14, with J.P. Morgan Chase as the worst-performing stock in the index. The S&P 500 closed 0.3 percent lower at 2,656.30 as financials dropped 1.6 percent. The NASDAQ composite declined 0.5 percent to 7,106.65. The indexes opened sharply higher on the back of strong earnings from some of the big banks.




Here is what our charts say:
100 Series: In Market? Aggressive or Defensive?   CLICK HERE: View 100 series charts



101 Bull Bear Bul…
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April 07, 2018 – Weekend Market Comment

April 7, 2018 – Stocks traded sharply lower on Friday as worries of a trade war between the U.S. and China grew. Wall Street also digested employment data that missed analyst expectations. The stock market is in its 3rd-longest stretch without a new high since 2013.

The Dow Jones industrial average fell 680 points, with Boeing and Caterpillar as the biggest decliners in the index. At one point it was down as much as 767 points. The S&P 500 declined more than 2 percent, with industrials as the worst-performing sector. The NASDAQ composite dropped 2.4 percent.

The sell-off accelerated in the final two hours of trading after Fed Chief Jerome Powell indicated the central bank would continue hiking rates this year. Some traders were hoping the Fed Chief would acknowledge the recent market volatility caused by the trade dispute. 


Here is what our charts say:
100 Series: In Market? Aggressive or Defensive?   CLICK HERE: View 100 series charts



101 Bull Bear Bull market (dark green over red)  th…