Skip to main content

Posts

Showing posts from 2017

November 18, 2017 – Weekend Market Comment

November 18, 2017 –U.S. equities fell on Friday as worries about tax reform lingered on Wall Street.

The Dow Jones industrial average declined 100 points, with Walmart leading decliners on the 30-stock index. The retailer's stock rallied to an all-time high on Thursday on strong quarterly results. On Friday, it fell more than 2 percent. The S&P 500 traded 0.2 percent lower, with utilities and information technology as the worst-performing sectors. The NASDAQ composite fell 0.1 percent as shares of Amazon, Netflix and Alphabet declined. 

Here is what our charts say:

CLICK HERE: To see the 100 and 200 series charts



101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a flattening uptrend.  NOTICE THE SLOPE (second window), we might be starting a big sell off.Bull market -- expect bullish outcomes. ! 103 NYSE High Low Market Forces Woah Air-pocket this week possible danger!!  CAUTION
105 Non Farm Payroll Lots of jobs! But beware this is lagging indicator. T…

November 11, 2017 – Weekend Market Comment

November 11, 2017 – The major U.S. stock indexes traded mostly lower on Friday as they threatened to snap multi-week winning streaks as tech stocks pulled back.

The Dow Jones industrial average fell about 26 points, with Intel and Merck as the biggest decliners. But a 3 percent gain in Disney shares capped losses in the 30-stock index.

The S&P 500 declined 0.05 percent, with health care and energy as the biggest declining sectors. Johnson Controls was the worst-performing stock in the index, falling 3.9 percent. The Nasdaq composite traded just above the flatline. The Dow and S&P 500 were on track to snap an eight-week winning; the Nasdaq was on pace to end a six-week winning streak. Meanwhile, the Russell 2000 — which tracks small-cap stocks — was on track for its biggest weekly decline since August.

Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts



101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a rising uptrend. …