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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…
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February 10, 2018 - Weekend Market Comment

February 10, 2018 - The Dow Jones industrial average rebounded more than 300 points Friday, paring deep losses for investors in what still amounted to the worst week in two years. 

The Dow ended the day up 330.44 points, or 1.38 percent, closing at 24,190.90. The S&P 500 rallied 1.49 percent to finish at 2,619.55, while the NASDAQ composite added 1.44 percent to close at 6,874.49. The index swung more than 1,000 points in volatile trading Friday.  The Dow and the S&P 500 both lost 5.2 percent on the week, while the NASDAQ shed 5.1 percent as rising interest rates spooked investors. The Dow average experienced two drops of more than 1,000 points and two gains of more than 300 points during this volatile week. At their lows this week, all three major indexes were in correction territory from the record highs reached in January.

The Dow Jones industrial average swung more than 1000 points in volatile trading Friday.The Dow and the S&P 500 both ended the week 5.2 percent lower, …

February 03, 2018 – Weekend Market Comment

February 3, 2018 – U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher. The Dow Jones industrial average dropped 665.75 points to close at 25,520.96, capping off the index's sixth-largest points decline ever. The 30-stock index also fell below 26,000. Friday also marked the first time since June 2016 that the Dow fell at least 500 points.

The S&P 500 fell 2.1 percent and finished at 2,762.13, with energy as the worst-performing sector. The NASDAQ composite plunged 1.96 percent to 7,240.95 as a decline in Apple and Alphabet offset a strong gain in Amazon shares.

The Dow posted its worst day since June 2016. The S&P 500 and NASDAQ had their biggest one-day fall since September 2016 and August 2017, respectively. 

The correction has been world wide. Chinese stocks had their worst week since 2016, with fresh concerns about Beijing’s campaign to cut financial risk and predictions of a slowing economy. Europe was a down too, larg…