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Showing posts from July, 2017

July 29, 2017 – Weekend Market Comment

July 29, 2017 –The Nasdaq composite ended 0.1 percent lower at 6,374.68 after falling as much as 0.7 percent. The tech heavy-index climbed its lows as Facebook, Netflix and Google-parent Alphabet erased earlier losses.

The Dow Jones industrial average closed 33.76 points higher at 21,830.31, notching intraday and closing highs. The S&P 500 declined 0.13 percent to close at 2,472.10 after falling as much as 0.43 percent. Consumer staples led seven sectors lower. The major indexes posted a mixed weekly performance, with the S&P and Nasdaq ending slightly lower while Dow rose 1 percent in the time period. Investors also digested a slew of earnings reports this week.


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 rising uptrend.  NOTICE THE SLOPE (second window), we might be starting another long ride up.Bull market -- expect bullish outcomes. ! 103 NYSE High Low Mar…

July 22, 2017 – Weekend Market Comment

July 22, 2017 –The three major indexes notched record highs this week as quarterly earnings from S&P 500 companies largely outperform expectations. Microsoft, Honeywell and Morgan Stanley are just a few of the companies that reported earlier this week. U.S. equities fell on Friday as General Electric led industrial stocks lower. The Dow Jones industrial average fell more than 100 points before closing 31.71 points lower at 21,580.07. General Electric fell 2.9 percent to lead decliners. The S&P 500 slipped 0.04 percent to close at 2,472.54, with industrials and energy leading decliners. The Nasdaq composite ended 0.04 percent lower at 6,387.75 and snapped its longest winning streak since February 2015.

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 bullis…

July 15, 2017 – Weekend Market Comment

July 15, 2017 – The S&P 500 joined the Dow Jones industrial average at record levels on Friday as earnings season kicks off.

The S&P climbed 0.4 percent to break above 2,453.82, its previous all-time high set June 19. The Dow, meanwhile, reached record territory earlier this week and notched another intraday record Friday. The Nasdaq composite outperformed, rising 0.4 percent.
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 flattening 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 very strong. Also notice the second window new red patch recently.
105 Non Farm Payroll Lots of jobs! But beware this is lagging indicator. The smart money is gone before this turns down.
107 Industrial Production Recent strength, strong industrial production.  That is g…

July 08, 2017 – Weekend Market Comment

July 8, 2017 – The Dow Jones industrial average rose 94.30 points to close at 21,414.34, with McDonald's contributing the most gains. The 30-stock index briefly traded more than 100 points higher. The S&P 500 rose 0.6 percent to 2,42518, with information technology leading advancers. The Nasdaq composite outperformed, advancing 1.04 percent to 6,153.08.

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 flattening 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 weakening. Also notice the second window new red patch recently. We had many patches like this after mid 2007. CAUTION
105 Non Farm Payroll Lots of jobs! But beware this is lagging indicator. The smart money is gone before this turns down.
107 Industrial Production Flat but strong industrial pr…