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

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

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

SCMP says China halts stock trading in extended Lunar New Year holiday as deadly coronavirus outbreak from Wuhan takes its toll.

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: Down
• Short-term: Down

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!

Here are the trends for the major indices today. Everything closed up and is trending up.

Nasdaq

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

S&P 500

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

Russell 2000

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