The broad market declined today. The strongest decline was noted on the DJI (0.96% loss) while Russell 2000 lost only 0.56%. Of the last 9 sessions, the NASDAQ 100 has closed red 6 times.
The daily volume of the S&P 500 was 2,093 million shares. This is close to the last 3 months average volume.
|NYSE Comp.||96.49(0.93)||10,349.29||10,358.81||10,276.12||10,329.39||0||0 / 0||0.00|
|DJI||155.99(0.96)||16,321.71||16,321.71||16,071.25||16,167.39||0||0 / 0||0.00|
|S&P 500||13.79(0.74)||1,857.68||1,857.68||1,834.44||1,845.70||0||0 / 0||0.00|
|Russell 2000||6.62(0.56)||1,174.22||1,179.62||1,164.76||1,176.31||0||0 / 0||0.00|
|Nasdaq 100||27.73(0.75)||3,656.97||3,678.38||3,637.67||3,668.37||0||0 / 0||0.00|
5-day charts (1 bar = 5 minutes) with a 20-period SBV are showing advancing SBV oscillator readings at session's end. Positive money flow on this chart would suggest the possibility of positive trading tomorrow after the market open. 15-day charts (1 bar = 15 minutes) with a SBV(16) and 30-day charts (1 bar = 30 minutes) with a SBV(13) are showing positive money flow (advancing SBV) as well. Overall, these charts are in favor of the bulls.
60-day charts with a 20-period SBV are now showing flat SBV oscillator readings. The following SBV values were recorded at session's end: plus 5% on the S&P 500, plus 3% on the DJI, minus 4% on the NASDAQ 100 and plus 7% on the Russell 2000. Flat SBV readings suggest market uncertainty. When we however take the large accumulation of bullish volume on this chart setting into consideration, the bears would appear to be favored slightly. We will continue to monitor this chart setting for the development of a clearer trend on the SBV oscillator which could give clues as to the development of a price trend.
1.5-year charts with a 10-period SBV are showing a small decline in SBV Oscillator readings on the S&P 500, on the NASDAQ 100 and on the Russell 2000 indexes and flat readings on the DJI index. Declining SBV readings are bearish; however, high, positive SBV values seen on this chart are bullish. Overall, this chart reflects bullish longer-term market sentiment.
|Release Date/Time||Economic Report||For Period||Consensus||Previous|
|03/05/2014 7:00:00 AM||MBA Mortgage Purchase Index||03/01||%||-8.5%|
U.S. factory activity rebounded last month from an eight-month low and consumer spending increased more than expected in January, suggesting the economy was regaining some strength after abruptly slowing in recent months.
When he releases his budget proposal on Tuesday, President Barack Obama will be able to celebrate the smallest deficit since he took office in 2009. He also will be able to enjoy a cease-fire in the fiscal battles that have paralyzed Washington for the past three years.
U.S. auto sales in February finished even with the year-earlier period as hefty incentives to lure customers into dealerships late in the month could not overcome cold and snowy weather.
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U.S. consumer spending rose more than expected in January as outlays on services recorded their largest increase since late 2001, likely driven by demand for heating.
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