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Showing posts from February, 2018

February 24, 2018 – Weekend Market Comment

February 24, 2018 – Stocks rallied on Friday as interest rates slipped further from a four-year high, pushing the major indexes higher for the week.

The Dow Jones industrial average closed 347.51 points higher at 25,309.99, with Intel as the best-performing stock. The S&P 500 gained 1.6 percent to end at 2,747.30, with utilities and energy as the best-performing sectors. The broad index also broke above its 50-day moving average — a key technical level — in afternoon trade.

Entering Friday's session, the Dow and S&P 500 were on track to close down by 1 percent for the week. They finished the week with gains of 0.4 percent and 0.6 percent, respectively. The NASDAQ composite advanced 1.8 percent to 7,337.39 as shares of Facebook, Amazon, Netflix and Alphabet all rose. For the week, the index rose 1.4 percent.  It was a volatile week for stocks, with the major averages posting strong gains in early trading before closing off those highs in the previous three sessions. On Friday…

February 17, 2018 – Weekend Market Comment

February 17, 2018 – U.S. equities had a nice bounce this week. Markets rose on Friday as they tried to extend a five-day winning streak. They were also on track for their best weekly gain in more than six years. The DOW jumped 150 points, with Cisco Systems as the best-performing stock in the index. For the week, the 30-stock index was up 4.1 percent. The S&P 500 gained 0.5 percent. The broad index is up 4.75 percent, and is on pace for its biggest one-week gain since 2011. The NASDAQ advanced 0.4 percent is aiming for its best week since 2011. Stocks closed sharply higher on Thursday after choppy trading. The Dow finished 306 points higher, while the S&P 500 and NASDAQ gained more than 1 percent.



Here is what our charts say:
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101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a rising uptrend. Notice the second window,  this could be a negative long term trend change. BULLISHBull market -- expect bu…