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May 19, 2018 – Weekend Market Comment

May 19, 2018 – The S&P 500 traded slightly lower on Friday as tensions between the U.S. and China weighed a bit on investor sentiment while both countries continued further negotiations on trade.

The broad index fell a tiny 0.3 percent to 2,712.97 with energy and financials lagging. The Nasdaq composite declined slightly by 0.4 percent to 7,354.34. The Dow, in a flight to quality, bucked the negative trend, closing just above the flat-line at 24,715.09 as Boeing and Caterpillar shares rose 2.1 percent and 1.3 percent, respectively.


Here is what our charts say:
100 Series: In Market? Aggressive or Defensive?   CLICK HERE: View 100 series charts





101 Bull Bear Bull market (dark green over red)  the dark green 50-day average is in an upward trend. Notice the second window, the slope is crossing slowly over zero and improving. That means we can expect good things to come.   BULLISHBull market -- expect bullish outcomes.
103 NYSE 52-week high low market forces Breadth positive. Looks like ste…

May 12, 2018 – Weekend Market Comment

May 12, 2018 – The Dow Jones industrial average rose on Friday as Wall Street booked a week of solid gains following a strong rally in energy stocks. The Dow also posted a seven-day winning streak. The 30-stock index closed 91.64 points higher at 24,831.17 with Verizon and Merck as the best-performing stocks. Meanwhile, the S&P 500 gained 0.2 percent to close at 2,727.72 as telecommunications and health care outperforming. The NASDAQ composite closed just below breakeven at 7,402.88. For the week, the Dow rose 2.3 percent — its biggest weekly gain since March — while the S&P 500 and NASDAQ climbed 2.4 percent and 2.7 percent.

Energy stocks led the way for the major indexes this week, climbing 3.8 percent. The sector received a boost from surging oil prices, which jumped after the United States pulled out of the Iran nuclear deal.




Here is what our charts say:
100 Series: In Market? Aggressive or Defensive?   CLICK HERE: View 100 series charts





101 Bull Bear Bull market (dark green o…