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Showing posts from June, 2017

June 24, 2017 – Weekend Market Comment

June 24, 2017 – The Dow Jones industrial average rose 5 points, or 0.03 percent, to 21,403, with Visa leading advancers and Home Depot lagging. The S&P 500 gained 4 points, or 0.2 percent, to trade at 2,440, with information technology leading seven sectors higher and health care lagging. The Nasdaq advanced 30 points, or 0.49 percent, to 6,267.

About two stocks advanced for every decliner at the New York Stock Exchange, with an exchange volume of 354 million and a composite volume of 1.81 billion.

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 an uptrend.  NOTICE THE SLOPE (second window), we might be starting another long ride up.Bull market -- expect bullish outcomes. ! 103 NYSE High Low Market Forces Breadth lines up. But notice in the second window more red patches these days.  
105 Non Farm Payroll Lots of jobs! But beware this is lagging indicator. The smart money is…

June 17, 2017 – Weekend Market Comment

June 17, 2017 – The Dow Jones industrial average rose 24 points, or 0.11 percent, to close at 21,384.28, with Chevron leading advancers and Wal-Mart the biggest decliner. The S&P 500 rose 0.69 points, or 0.03 percent, to end at 2,433.15, with energy leading five sectors higher and consumer staples lagging. Note the high S&P 500 volume on Friday -- a byproduct of options expiration. The Nasdaq pulled back 13.74 points, or 0.22 percent, to close at 6,151.76. About four stocks advanced for every three decliners at the New York Stock Exchange.


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 an uptrend.  NOTICE THE SLOPE (second window), we might be starting another long ride up.Bull market -- expect bullish outcomes. ! 103 NYSE High Low Market Forces Breadth lines up. BULLISH
105 Non Farm Payroll Lots of jobs! But beware this is lagging indicator. The smart money is gone bef…

June 10, 2017 – Weekend Market Comment

June 10, 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 bookmarking http://cme4pif.blogspot.ca/. For full details read my disclaimer (link at the bottom of this page).

The S&P 500 closed 0.1 percent lower, erasing earlier gains, with information technology dropping more than 2.5 percent. To be sure, tech has had a stellar year, rising about 20 percent in the period to lead all sectors. The Nasdaq composite hit a record high at the open before closing 1.8 percent lower. Shares of Apple, Facebook, Amazon, Netflix and Google-parent Alphabet all fell more than 3 percent. Despite the high, the tech-heavy index also posted its worst weekly performance of the year.

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 …