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Market Snapshot - February 13, 2019 close

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rimshot   Wednesday, 02/13/19 07:02:34 PM
Re: rimshot post# 727
Post # of 738 
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


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