Craig Johnson’s

Financial Markets Summary

Thursday, April 12, 2018

   U.S. Stock Market (S&P 500 Index) Trends:
       ST – Neutral, IT – Higher, LT - Higher 
   U.S. Stock Market (Nasdaq Composite) Trends:
       ST - Neutral/Higher, IT – Higher, LT - Higher 
   Gold (World Gold Index) Trends:
       ST – Higher, IT – Neutral, LT - Lower 
   Oil (West Texas Intermediate) Trends:
       ST – Higher, IT –Neutral/Higher, LT – Lower
     Short Term Trend (ST) – Weeks to months
      Intermediate Term Trend (IT) – Months to full year (most important trend for us)
      Long Term Trend (LT) - Years
  • The U.S stock market remains in the consolidation that started at the end of January. During the past three weeks the market has been choppy, but has been working on building a solid base. The smaller market capitalization stocks have shown more upside progress than the larger ones as the base building progresses.
  • Gold is beginning to break out of its short term consolidation confirming the short term trend is higher.
  • Oil has made an impressive move higher breaking out of the consolidation that started at the end of January and reaching its highest level since December 2014.
  • In regards to gold and oil even though they are showing great progress it is wise to be cautious as current geopolitical news might be exaggerating their advances.

Sources:,, Dow Jones News,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, individual company web sites and press releases.
Leonetti & Associates, LLC views or opinions are as of a certain date and subject to change without notice.  The material contained herein is for informational purposes only and obtained from sources we consider reliable. We make no guarantee as to its accuracy or completeness.  References to specific securities and industries/sectors should not be considered recommendations to buy or sell any security or advisory service.  Past performance is not a guarantee of future results.