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Showing posts from November, 2017

November 25, 2017 – Weekend Market Comment

November 25, 2017 – The S&P 500 hit record highs, rising 0.2 percent to 2,602.42 with information technology as the best-performing sector. Macy's was among the best-performing stocks in the index despite their POS tills freezing up on Black Friday. The S&P 500 also closed above 2,600 for the first time. 

The NASDAQ composite climbed 0.3 percent to 6,889.16, posting intraday and closing records as shares of Amazon gained 2.6 percent to a record. The Dow Jones industrial average rose 31.81 points to finish at 23,557.99, with Visa leading advancers on the 30-stock index. The Dow also closed near a record closing high.



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 Nothing but strength. BULLISH
105 Non Farm…

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…