Small Jump Friday

Monday leading stocks started a down trend. This is not the time to be hard-line with new buys. The S&P 500 slid 0.50% to 1857.44. Its’ volume was lower than last Friday but, slightly higher than Thursday’s volume. Because of all the activity on Friday our proprietary system labeled this as a distribution day on higher volume.

Tuesday S&P 500 gain 0.44 to close at 1865.62.

Wednesday S&P 500 loss 0.70% to close at 1852.56.

Thursday S&P 500 continued its’ loss but, slid only 0.19% and closed at 1849.04.

On the last day of this week the S&P 500 closed at 1857.62 which is a gain of 0.46% from yesterday’s session. This small jump Friday helped the Index to close higher for the week with a 0.01% gain. This gain was accompanied by lower volume than the previous session. Our financial system, CWARDFS, preference gains on higher volume therefore, for the near future we indicate that the market will continue its’ down trend.