Stock Market

  Stock Market





On Friday the popular averages again closed to the upside after a report that the Chinese government has indicated a willingness to encourage the purchase of more American products. Industrial production and capacity utilization increased in December. Consumer sentiment cooled significantly this month as Trump’s tariff war and shutdown of the government continued. Meanwhile the price of crude oil rose while that for gold fell on Friday.

   Tesla (TSLA -13.0%) dropped after announcing layoffs following the big push to maximize production and deliveries before the end-of-year halving of income tax credits for buyers. Notice was given that Q4 profit will be less than Q3. The cost cutting is designed to insure growing profits while production gears up for lower priced models.     

   Above is our 3-month chart of the S&P 500 exchange traded fund (SPY). The stock market drop that began in early October came amid a tariff war and rising interest rates. It skewed surveys of professional and individual investors toward quite bearish stances. The result was a number of days of panic selling last month.

   The December market plunge occurred amid dysfunction in the US government climaxing in Trump’s partial shutdown of the government when Congress did not include his southern border wall in a funding bill. However the SPY has been rising this month. The surpassing of its 50-day moving average on Friday amid increased trading volume allowed all of our outlook arrows to point upward.


Market Outlook


3 Months

1 Month

1 Week

ETF Holdings                   Stock Holdings

      ARKG            AMZN  NVDA  SQ  SSYS  TSLA                                                

© Curt Renz

  Stock Market Update

DISCLAIMER: Our commentaries are provided as general information and not investment recommendations. You are responsible for your own investment decisions. Our opinions are based on historical research and data believed to be reliable. There is no guarantee that results will be profitable. We are not responsible for errors or omissions. We may hold positions in vehicles that are mentioned.

Updated following  each market day

Tell your friends

Clear browsing data if outdated graphics appear

You appear to be ad-blocking our site. Our site is best experienced with ad-blocking disabled. This can be done for this site while continuing to ad-block other sites. Your support for this site is much appreciated.

Buy Now!
Day Trading Broker

Click for the ARK Invest Website