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Showing posts from August, 2017

August 12, 2017 – Weekend Market Comment

August 12, 2017 – U.S. equities edged higher on Friday as investors weighed tensions between the U.S. and North Korea heading into the weekend. The S&P 500 gained 0.13 percent to end at 2,441.32 with information technology rising 0.75 percent to lead advancers.

The index posted its second-worst weekly performance of the year. It fell 1.43 percent for the week, the most since the week of March 24. The Dow Jones industrial average closed 14.31 points higher at 21,858.32 after briefly dipping into negatively territory, with Apple contributing the most gains. The Dow also closed out its second-worst weekly performance of the year. The Nasdaq composite outperformed, rising 0.64 percent to 6,256.56 as large-cap tech stocks rebounded. The index posted its third-worst weekly performance of the year. Stocks were coming off their worst session since May as tensions between the U.S. and North Korea linger.

Here is what our charts say:


CLICK HERE: To see the 100 and 200 series charts



101 Bul…

August 05, 2017 – Weekend Market Comment

August 5, 2017 – Dow rises to 8th straight record close after much stronger-than-expected jobs report. The Dow Jones industrial average hit a record high and closed 66.71 points at 22,092.81. Goldman Sachs contributed the most gains. The index also posted its eighth straight record close.

The S&P 500 gained 0.19 percent to close at 2,476.83, with financials rising 0.72 percent to lead advancers. The Nasdaq composite closed 0.18 percent higher at 6,351.56.


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, with a short term pull back.Bull market -- expect bullish outcomes. ! 103 NYSE High Low Market Forces Breadth lines nothing but strength.
105 Non Farm Payroll Lots of jobs! But beware this is lagging indicator. The smart money is gone before this turns down.
107 Industrial Pr…