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Showing posts from October, 2018

October 27, 2018 – Weekend Market Comment

October 27, 2018 – Stocks fell sharply pm Friday as investors slogged through another volatile session on Wall Street. Global capital markets are down 5 consecutive weeks, losing ~$9 trillion - the biggest, fastest drop since Lehman Brothers imploded in 2008.

The Dow Jones Industrial Average traded 416 points lower after dropping more than 500 points at its lows of the day. The NASDAQ Composite was down 2.6 percent. At its lows, the tech-heavy NASDAQ had fallen more than 3 percent. The S&P 500 fell 2.2 percent and entered into correction territory, trading more than 10 percent below its 52-week high.





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 in a downward trend. Also, the current price broke below the 200-day moving average. In the second window, we see the slope is nega…

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 …