The U.S. equity markets were mostly flat to slightly lower today.
All four major stock market indices have bearish intermediate postures.
The S&P 500 (NYSEARCA: SPY) closed down 0.15% and its intermediate posture switched to strongly bearish.
The Dow Jones Industrial Average (NYSEARCA: DIA) was negatively affected by high-priced Boeing (BA) and fared the worst today, closing lower by 0.40%.
The Russell 2000 (NYSEARCA: IWM) now has a “death cross” due to the 10 week moving average crossing below the 40 week moving average.
Learn more about this and our market outlook for the days ahead in tonight’s video. Enjoy!
Mid-Week market Video – November 13, 2018
Here are some additional highlights from today’s stock market video:
- Oil prices were slammed down by over 7% today; it has now closed lower for 12 straight trading sessions
- The U.S. Dollar continues to have a bullish posture and U.S. government bonds are attempting to stabilize at key support areas
- India and China were surprise winners today; both closed higher by more than 2%
- Stocks in Mexico were down over 2% today and are now down 18% in the last three months
- Our trade application example focused on selling a bear call spread on SPY now that it has reverted back to a strongly bearish posture
Get market insights, stock trading ideas, and educational instruction over at the Market Scholars website.
Twitter:  @BrandonVanZee and @Market_ScholarsÂ
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
