Replies to post #705 on Chart Ideas

[rimshot]

Market Snapshot - February 8, 2019 close

* the S&P Composite 1500 index day's low was
contained by its rising 15-day simple moving average,
which has seen multiple weeks acting as support

* SPY closed Friday very near & above its
50-week simple moving average

* SPY's low of this week was the declining 21-week sma

SPY weekly -

http://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=1&mn=11&dy=20&id=p5372927872c&a=644369322

* $OEX has under performed the $SPX for 6 weekly closes,
which means the largest capitalization size stocks in the
S&P 500 index are lagging the overall index price action

Dow 25106.33 -63.20 (-0.25%)
Nasdaq 7298.21 +9.85 (0.14%)
SP 500 2707.84 +1.83 (0.07%)
10-yr Note +7/32 2.634

NYSE Adv 1384 Dec 1477 Vol 833.0 mln
Nasdaq Adv 1465 Dec 1499 Vol 2.1 bln

Industry Watch

Strong: Consumer Staples, Utilities, Information Technology, Communication Services
Weak: Energy, Consumer Discretionary, Financials

Moving the Market

Early follow-through selling and an effort to de-risk sent the broader market lower

Steady afternoon rebound, and a late swarm of buyers, helped the S&P 500 eke out a slim gain

Amazon (AMZN) dragged on the broader market following CEO Jeff Bezos accusing National Enquirer's publisher of blackmail