Complete Market Weekly Summary Inside, Plus Double-Short ETF and Bullish Company Stock Picks in Our Premium Section
Stock Cheat Sheets, including Market Conditions, Trading Signals, and Relative Strength Rank & Trend reports for index ETFs are delivered free to the inbox of (free) All-Access Members every week.
For best viewing, click to enlarge each stack and view on a computer.
Market Conditions
The U.S. stock market faced a challenging week, concluding with a decline on Friday:
Stock Performance: On Friday, the Dow Jones Industrial Average fell by 106.58 points, or 0.31%, closing at 33,963.84. The S&P 500 dropped by 0.23% to 4,320.06, and the Nasdaq Composite slipped by 0.09% to 13,211.81.
Ford Negotiations: Ford's stock rose by 1.9% as the company made progress in negotiations with the United Auto Workers union. Stellantis also saw slight gains, while General Motors finished lower.
Four-Day Losing Streak: Friday marked the fourth consecutive day of losses for the three major stock indexes. This decline was triggered by the Federal Reserve's signal that it planned to maintain higher interest rates.
Weekly Performance: The S&P 500 and the tech-heavy Nasdaq Composite experienced significant declines of 2.9% and 3.6%, respectively, over the course of the week. These losses marked the third consecutive negative week and the worst weekly performance since March for each index. The Dow Jones fell by 1.9% for the week.
Bond Yields Surge: Bond yields surged following the Federal Reserve's announcement of one more rate hike expected for 2023. The benchmark 10-year Treasury yield reached its highest level since 2007 during the week, while the 2-year rate touched its highest level since 2006.
Investor Concerns: The rising bond yields and concerns about a government shutdown were causes for investor unease. A government shutdown could potentially impact consumer confidence and further slow down the economy. We have Double-Short ETF Rank and trend Reports for all subscribers and trade signals in our premium section below.
Overall, the stock market faced downward pressure due to concerns about rising interest rates, with the S&P 500 and Nasdaq Composite seeing significant losses for the week. There are a few bullish stocks that make excellent watchlist candidates for when markets reverse. I have researched and shared the best candidates in our premium section.
Global Stock Index ETFs - Click to Enlarge
US Index ETFs - Click to Enlarge
US Stock Sector ETFs - Click to Enlarge
US Sub-Sectors - Click to Enlarge
Relative Strength Rank & Trend Reports
Liquid Global ETFs Traded 24/5 - Multi-Asset - Click to Enlarge
Global Stock Index ETFs - Click to Enlarge
US Sector ETFs (Large Cap) - Click to Enlarge
Sub-Sector ETFs (Large Cap) - Click to Enlarge
Double Short (Leveraged ETFs)
Cheat Sheets is a data service to help traders improve decision-making. The author/architect of Cheat Sheet Sheets shares educational concepts related to the skill of trading but will not dispense personal financial guidance. All trades showcased are for demonstration purposes in a simulated investing environment. More Risk Disclosure . Disclosure about Trading Risk
Please take advantage of our free and premium email subscriptions. Get Cheat Sheet Trading Signals and Relative Strength Reports delivered via email each week. There is a 7-day Free Trial available for free subscribers wishing to try Cheat Sheets Premium
Premium Cheat Sheets Stacks
Not everything is bearish. Let’s take a look at the top-rated single-company stock tickers in the least worst sectors and sub-sectors arrived at through the analysis above. Remember, the odds of success are less when markets are falling. Factor 8 at Neutral + or better increases the odds of success for those investors following a weeks-to-months investing time horizon. For those investors with a year or longer timeframe, Factor 7 can be an excellent confirmation of a trade entry signal.
