Chart Ideas

[rimshot]

Market Snapshot - February 7, 2019 close

* Note the Advancers and Decliners improved by a large margin from their mid-day values

Dow 25169.53 -220.77 (-0.87%)
Nasdaq 7288.36 -86.93 (-1.18%)
SP 500 2706.01 -25.56 (-0.94%)
10-yr Note +12/32 2.661
NYSE Adv 904 Dec 1972 Vol 947.6 mln
Nasdaq Adv 970 Dec 2029 Vol 2.3 bln

Industry Watch

Strong: Utilities, Real Estate
Weak: Energy, Information Technology, Materials

Moving the Market

Wall Street pulls back amid recurring concerns about a slowdown in global growth and the prospects of a U.S-China trade deal

Bank of England, EU Commission lower growth outlooks

President Trump confirms it is unlikely he will meet with President Xi before the March 1 deadline

Reactions to earnings reports were generally negative

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$SPX daily closes chart -

* bullish while above $2690 horizontal and/or
while above the 233-day exponential moving average

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=8&dy=0&id=p6051750765c&a=588693282