Trends for Major Indices as of Thursday, January 30th, 2020.

CNBC says Fourth-quarter GDP rose only 2.1% and full-year 2019 posts slowest growth in three years at 2.3%.

Nasdaq

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Up

S&P 500

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Down

Russell 2000

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Down

Trends for Major Indices as of Wednesday, January 29th 2020

CNBC says Major US companies are warning about the potential impact of the coronavirus on earnings calls.

Nasdaq

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Up

S&P 500

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Down

Russell 2000

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Down

Trends for Major Indices as of Tuesday, January 28th 2020

CNBC says Consumer confidence jumps as job-market outlook improves.

Nasdaq

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Up

S&P 500

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Down

Russell 2000

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Down

Trends for Major Indices as of Friday, January 24th 2020

CNBC says American Express earnings beat expectations on strong card fee revenues, shares rise.

Nasdaq

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Up

S&P

The S&P closed just under the 10 DMA, switching the short-term trend to down. We will see if things retrace to the 50 DMA like the Russell 2000 did.

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Down

Russell 2000

The Russell 2000 closed just below the 50 DMA, switching the intermediate trend to down.

  • Long-term: Up
  • Intermediate: Down
  • Short-term: Down

Trends for Major Indices as of Wednesday, January 22nd 2020

CNBC says Tesla short-sellers could help Elon Musk score a payday worth hundreds of millions.

Nasdaq

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Up

S&P

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Up

Russell 2000

The Russel 2000 closed just below it’s 10 day moving average, changing the short-term trend to down.

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Down

Have a happy Wednesday!