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Showing posts from 2018

October 20, 2018 – Weekend Market Comment

October 20, 2018 – The Dow Jones Industrial Average rose on Friday on the back of better earnings from Procter & Gamble after a sharp sell-off in the prior session. The Dow struggled to get +64 points to 25,444.34, highly defensive stock Procter & Gamble did the best in the Dow. The Dow also posted its first weekly gain in four. The corporate earnings season is off to a tepid start. With more than 15 percent of S&P 500 companies having reported, most have met analyst expectations. The S&P 500 closed down again at 2,767.78. The NASDAQ Composite fell 0.5 percent to 7,449.03 as FAANG trade became risk off -- Facebook, Amazon and Netflix all pulled back.

Picture above is from the 1987 Black Monday Crash exactly 31 years ago.

100 Series: In Market? Aggressive or Defensive?   
CLICK HERE: View 100 series charts

101 Bull Bear
BULL MARKET (dark green over red) still green over red and still could just be a correction. The dark green 50-day average and the red 250-day average is …