Chart Ideas

[rimshot]

Market Snapshot - February 13, 2019 close

** "the early buying interest faded today after news hit that Senator Marco Rubio (R-FL) plans to file a bill
that would make expensing permanent and tax corporate
buybacks the same way as dividends.

If that bill ultimately came to pass, it could potentially
lead to lower share buyback activity that leads
to lower EPS growth.
It was an implication that served to take a little steam
out of the market." -- briefing.com

* S&P 500 index closed above its 200-day moving average for the second
consecutive day - 1st times above since December 3, 2018

the index closed above its 150-day sma for the 1st time since November 2018

Transports print another new 2019 price high today

$NYA, $SPX and $XBD print another new 2019 price high today

daily chart shows these symbols above
the 89-day ema for multiple days -- a firmly
bullish condition -

$NYA, $SPX, $TRAN, $XBD and $USD

$NYA - next overhead chart milestone above the 400-day simple moving average
that was briefly violated to the upside today is the 300-day sma,
which the bulls need to see permanently surpassed

http://stockcharts.com/h-sc/ui?s=%24NYA&p=D&yr=1&mn=10&dy=0&id=p8737803898c&a=627156801

Year-to-Date percentage change -

Russell 2000 +14.4% YTD
Nasdaq Composite +11.8% YTD
S&P 500 +9.8% YTD
Dow Jones Industrial Average +9.5% YTD

Snapshot -

Dow 25543.27 +117.51 (0.46%)
Nasdaq 7420.39 +5.76 (0.08%)
SP 500 2752.99 +8.30 (0.30%)
10-yr Note -5/32 2.704

NYSE Adv 1895 Dec 1004 Vol 820.0 mln
Nasdaq Adv 1716 Dec 1296 Vol 2.1 bln

Industry Watch

Strong: Energy, Consumer Discretionary, Industrials
Weak: Utilities, Communication Services

Moving the Market

Continued optimism that U.S.-China trade talks have been progressing favorably contributed to higher start

Senator Marco Rubio (R-FL) plans to file a bill that could potentially lead to lower share buyback activity that leads to lower EPS growth

Nine of 11 S&P 500 sectors finish higher; energy outperforms, utilities under performs

-- partial excerpts from briefing.com