Market Update for February 28, 2018

Two months into 2018, the Dow, S&P 500 and Nasdaq indexes all are positive while the Russell 2000 index is down for the year. Below are a table and a year-to-date, YTD, graph showing the data. 

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Kirk Lindstrom's Investment Letter

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2CS & CPC Charts Still Show High Fear Levels

Kirk's Stock Market & Sentiment Charts for February 15, 2018.

This market update chart shows the Dow, S&P 500, Nasdaq and Russell 2000 small cap index are now all back in the green for the year.

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This chart shows the depth of the correction for the major averages.  How many who said they would buy after a 10% correction showed up?  It looks like some sure did!

This chart shows the S&P 500 has rallied to its 50-day moving average, MA(50), after correcting down to its MA(200).

This chart shows the Dow corrected down to the dotted orange trend line before bouncing.

 These sentiment charts show that even after a big recovery, there is still plenty of fear remaining.

Can you guess when I will draw the next green dot?

Fear and Greed index starting to recover.

 This inverted head & shoulder plot is very exciting.

Did you buy anything during the market decline? 

I did.  Here is part of one of my special email alerts I sent my subscribers:

Click "Follow" at the bottom of this blog to get FREE email notifications from Google's Blogger when I post new updates.

To get my "Special Email Alerts" and the "Auto Buy Sell Table" where I list ahead of time what stocks to buy at what prices during this decline,  

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the February 2018 Issue for FREE!!!

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Kirk's Stock Market & Sentiment Charts for February 9, 2018

Kirk's Stock Market & Sentiment Charts for February 9, 2018.

This market update chart shows the Dow, S&P500, Nasdaq and Russell 2000 small cap index are all down this year between 0.42% and 3.76%.

All markets officially hit "correction status" by being down double digits from their peaks on an intraday basis.  

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But after a strong rally to close into the close on Friday, they are all down less than 10% on a closing basis.

Here are the individual index charts

Sentiment has turned bearish which is great for us contrarians.

The Fear and Greed index has crashed!

We could get a green circle soon!

The 2CS index has also crashed!

Wolanchuk's CLX with my resistance and support lines is looking ripe too.

Snapshot of a Market scan for the last 10 days (click for intraday updates)

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Did you buy (or add to positions) when the market was down and sentiment was horrible?  

I did.

Did you take profits by selling some highly appreciated stocks to have funds to put in during this current decline?
I did.

To get my "Special Email Alerts" and the "Auto Buy Sell Table" where I list ahead of time what stocks to buy at what prices during this decline,  

 Subscribe NOW  and get
the February 2018 Issue for FREE!!!

Kirk Lindstrom's Investment Letter

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Stock Market & Sentiment Update - Kirk's Charts

Here are the charts I think are significant for today's market close. 

This market update chart shows the Dow, S&P500 and Nasdaq all have positive returns this year with only the Russell 2000 small cap index in the red at down 1.79%.

Correction Statistics  

Check this for a 10-day scan of the major markets. Refresh during the day and you can watch the market action unfold.

Here is what it looks like as of the end of today.

Here is a closer look at the S&P 500 showing we just had the biggest market decline since the two 14% declines in late 2015 and early 2016.

Many on TV blame the decline on higher interest rates. This chart shows the 10-year US treasury rate vs the Dow.

Here are some of my sentiment charts that are "starting to get interesting" after flashing wonderful warning signals before the current market decline.

 Fear & Greed Index

These two give some historical perspective on the Fear and Greed index.

Did you buy (or add to positions) when the market was down and sentiment was horrible?  

I did.

Did you take profits by selling some highly appreciated stocks to have funds to put in during this current decline?
I did.

To get my "Special Email Alerts" and the "Auto Buy Sell Table" where I list ahead of time what stocks to buy at what prices during this decline,  

 Subscribe NOW  and get
the January 2018 Issue for FREE!!!

Kirk Lindstrom's Investment Letter

(My SPECIAL ALERT emails will begin as soon as I get payment via check or PayPal)