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Showing posts from September, 2017

September 30, 2017 – Weekend Market Comment

September 30, 2017 – The S&P 500 closed at a record Friday, helped by gains in technology stocks on the last trading day of the quarter.

The tech-heavy Nasdaq composite rose more than half a percent to post its 50th record close for this year. 

The Dow transports and small-cap Russell 2000 also hit record highs. The Dow Jones industrial average closed up nearly 24 points, within 0.1 percent of its record high. Goldman Sachs contributed to the most to gains in the index. The index posted quarterly gains of 4.9 percent its eighth straight quarter of gains for the first time since 1997. 

The S&P 500 rose nearly 4 percent in the quarter, also its eighth straight quarter of gains. The Nasdaq composite gained almost 5.8 percent for the quarter, its fifth straight positive quarter since 2015.

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. Notice the 50 da…

September 23, 2017 – Weekend Market Comment

September 23, 2017 – The Dow's highest closing record is 22,331.35, set this week on September 18, 2017. 

The Dow Jones industrial average moved off earlier lows, closing down 9.64 points to settle at 22,349.59, with Apple continuing to add to its weekly decline and UnitedHealth leading the decliners. Shares of the iPhone maker had their worst week since April 2016 on the heels of the release of several new products, which launched in stores Friday. The stock remains 31 percent higher for the year.

The S&P 500 closed 0.06 percent higher to finish at 2,502.22, with health care and energy moving higher. Telecommunications led gainers, with news of a potential merger between Sprint and T-Mobile, giving analysts reason to believe the combined company reduces competition among major providers. Verizon shares gained more than 2 percent on the day. Energy was the second best performing sector on the day. The Nasdaq composite staged a comeback in afternoon trade to close up 0.07 percent…