The broad market ended flat to slightly lower today. The strongest decline was noted on the Russell 2000 (0.20% loss) while NASDAQ 100 gained 0.20%. Of the last 21 sessions, the S&P 500 has closed green 15 times.
The S&P 500's daily volume was 2,040 million shares today, which was close to the average daily volume sustained over the past 3 months.
|NYSE Comp.||6.31(0.06)||10,484.41||10,498.72||10,466.09||10,483.25||0||0 / 0||0.00|
|DJI||30.22(0.18)||16,395.88||16,406.55||16,343.96||16,364.03||0||0 / 0||0.00|
|S&P 500||0.16(0.01)||1,874.05||1,876.53||1,871.11||1,873.93||0||0 / 0||0.00|
|Russell 2000||2.39(0.20)||1,207.28||1,207.40||1,203.05||1,206.13||0||0 / 0||0.00|
|Nasdaq 100||7.26(0.20)||3,721.53||3,732.98||3,715.38||3,727.19||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) are showing positive money flow (advancing SBV) as well, thus confirming 5-day chart's outlook. Money flow is mixed on the 30-day carts: positive on the Russell 2000 and negative on the S&P 500.
60-day charts with a 20-period SBV are now showing a small advance in SBV Oscillator readings on the S&P 500 and on the NASDAQ 100 indexes, flat readings on the DJI index and advancing readings on the Russell 2000 index. The following SBV values were recorded at session's end: plus 4% on the S&P 500, plus 2% on the DJI, plus 4% on the NASDAQ 100 and minus 3% on the Russell 2000. Advancing SBV readings are bullish and suggest the possibility of a up-move. We will continue to monitor this chart setting in order to determine at which point SBV oscillator readings start to decline; this might then suggest increased odds for a coming move to the downside.
1.5-year charts with a 10-period SBV are showing flat SBV oscillator readings. The 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|
|03/06/2014 7:30:00 AM||Challenger Job Cuts||Feb||%||47.3%|
Severe weather across much of the United States took a toll on shopping and consumer spending in recent weeks, leading to slower economic growth or outright contraction in some areas of the country, the Federal Reserve said on Wednesday.
U.S. private employers added fewer workers than expected in February and services sector growth hit a four-year low, the latest signs of the economic toll severe weather is taking.
Puerto Rico is being careful to make investors aware of all the possible risks lurking in its upcoming massive bond sale, including the chance the U.S. territory could pursue emergency measures akin to filing for bankruptcy.
Federal Reserve Chair Janet Yellen vowed on Wednesday to do all that she can to boost a U.S. economy that is running well short of the central bank's objectives.
Many countries are hesitant to rely on the IMF's new lending instruments because of a perceived "stigma" attached to taking money from the global financial institution, the International Monetary Fund said on Wednesday.
Service sectors around the globe mostly strengthened last month with Germany leading the way, although harsh winter weather put a damper on the massive U.S. non-manufacturing sector.
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