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Showing posts from March, 2017

March 25, 2017 – Weekend Market Comment

March 25, 2017 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. You can read the latest version each week by bookmarkinghttp://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).


U.S. equities closed mixed Friday after a choppy trading session after U.S. House of Representatives pulled a key health-care bill. The Dow Jones industrial average, which had traded more than 100 points lower earlier in the session, closed about 60 points lower. However the memorable day this week was Tuesday March 21 the DOW fell by about 238 points, a drop of more than 1%. It was its biggest slide of the year and biggest decline since the Trump election.




Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a firm uptrend.  NOTICE THE SLOPE (secon…

March 18, 2017 – Weekend Market Comment

March 18, 2017 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. You can read the latest version each week by bookmarkinghttp://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).

The major averages closed higher for the week, with the Dow Jones industrial average holding a 0.06 percent weekly gain. The bulk of the week's gains came Wednesday after the Fed raised rates, as expected, but took a more dovish tone than expected.

Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a firm uptrend.  NOTICE THE SLOPE (second window), we might be starting another long ride down.Bull market -- expect bullish outcomes. ! 103 NYSE High Low Market Forces Breadth lines almost crossed, but this was narrowwly avoided. Also notice the secon…

March 11, 2017 – Weekend Market Comment

March 11, 2017 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. You can read the latest version each week by bookmarkinghttp://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).


U.S. equities rose in choppy trade Friday following a strong jobs report, while investors were already looking ahead to a Federal Reserve meeting next week. The Dow Jones industrial average gained around 45 points, with UnitedHealth Group contributing the most gains. The S&P 500 gained a third of a percent, with utilities outperforming. The Nasdaq composite advanced 0.4 percent. The major indexes, however, posted weekly losses, with the S&P and Nasdaq snapping six-week winning streaks. The Dow snapped a four-week winning streak. Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green over r…

March 04, 2017 – Weekend Market Comment

March 4, 2017 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. You can read the latest version each week by bookmarkinghttp://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).

The markets pulled back this week, as I said last week they would. Thursday was a day of profit taking as all of our major indices retreated with the small cap Russell 2000 taking the biggest hit, falling 1.27%.  During trading the concern was about the anticipated interest rate hike of 25bps on March 15. The worry was that it would NOT happen, since traders were worried the economy is weaker than expected.

Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts


101 Bull Bear Bull market (dark green over red)  the dark green 50 day average is in a firm uptrend.  NOTICE THE SLOPE (second window), we might be starting another long ride up…