Skip to main content

Posts

June 16, 2018 – Weekend Market Comment

June 16, 2018 – Stocks slashed losses to close well off the lows of the day on Friday as the "BTFD - Buy the Dip" crowd shrugged off worries about higher interest rates and a U.S.-China trade war. Traders are living the "Hakuna Matata" mantra as America picks fights with its allies and makes meaningless packs with its enemies.  But hey... we all got jobs building McMansions for a while. 

The Dow Jones industrial average closed 84.83 points lower at 25,090.48, with Caterpillar as the worst-performing stock in the index. The S&P 500 fell 0.1 percent at 2,779.42 — after briefly turning positive — with energy lagging. The NASDAQ composite slipped 0.1 percent to 7,746.38.




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 well above the 50-day moving average. Notice the second window, the slope crossed ove…
Recent posts

June 09, 2018 – Weekend Market Comment

June 9, 2018 – Stocks rose slightly on Friday, but gains were kept in check with tensions between the U.S. and key trade partners increasing as the G-7 summit kicked off. 

The Dow Jones industrial average traded 50 points higher, as UnitedHealth contributed the most to the gains. The S&P 500 gained 0.2 percent as consumer staples rose more than 1 percent. The NASDAQ composite traded just above the flat-line. On Friday, President Donald Trump arrived at the G7 meeting, along with other world leaders — including those who currently govern nations that Trump has inflicted tariffs upon.





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 well above the 50-day moving average. Notice the second window, the slope crossed over zero decisively. That means we can expect good things to come. Splendid!  BULLISHBull market -- expect bul…