Skip to main content

Posts

Showing posts from April, 2018

April 28, 2018 – Weekend Market Comment

April 28, 2018 –The NASDAQ composite erased a sharp gain on Friday as technology stocks gave back rolled over while Amazon slipped from a record high set earlier in the session.

The tech-heavy index closed flat as Apple, Netflix and Alphabet all pulled back. Earlier, it rose more than 1 percent on the back of stronger earnings from Amazon. Tech shares initially rose broadly before falling 0.3 percent as a sector.

Meanwhile, the Dow Jones industrial average closed 11 points lower while the S&P 500 rose 0.1 percent. 



Here is what our charts say:
100 Series: In Market? Aggressive or Defensive?   CLICK HERE: View 100 series charts





101 Bull Bear Bull market (dark green over red)  the dark green 50-day average is in a flat-trend. Notice the second window, the slope was rebounding now weaker.  BULLISHBull market -- expect bullish outcomes. ! 103 NYSE 52-week high low market forces Breadth slightly negative again. As I said before, February dip below 400 on the second window, says a long-term …

April 21, 2018 – Weekend Market Comment

April 21, 2018 – Stocks dropped on Friday as a decline in Apple pushed the technology sector lower. A rise in interest rates also kept a lid on equities.

The Dow Jones industrial average fell 201.95 points, or 0.8 percent, to 24,462.94 as Apple dropped 4.1 percent. The NASDAQ composite declined 1.3 percent to close at 7,146.13.The S&P 500 pulled back 0.8 percent to 2,670.14, with tech sliding 1.5 percent. The index also broke below its 50-day moving average, a key technical indicator.

Apple shares fell 4.1 percent after Morgan Stanley said the company's iPhone sales for the June quarter will disappoint Wall Street. The stock had already fallen more than 1 percent for the week heading into Friday's session.



 Here is what our charts say:
100 Series: In Market? Aggressive or Defensive?   CLICK HERE: View 100 series charts




101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a flat-trend. Notice the second window, the slope was rebounding now not so …