Craig Johnson’s

Stock Market Summary

Monday, March 12, 2018

  • The stock market moved sharply higher last week. The Nasdaq Composite moved to all-time highs on Friday with the Russell 2000 following closely behind, less than 1% from all-time highs. The S&P 500 and the Dow Jones Industrial Average showed strong returns also.
  • For the week, the Russell 2000 and the Nasdaq Composite were up over 4%. The S&P 500 and the Dow Jones Industrial Average gained over 3%.      
  • The price action of the Nasdaq Composite and the Russell 2000 last week confirmed the correction is over and the next rally is already underway. This also explains the massive move higher last week by the stock market.
  • The S&P 500 and the Dow Jones Industrial Average are also not far off from confirming the new uptrend and will likely do so in the near future.
  • Unlike the previous week, all ten of the sectors were higher. Financials and Industrials were the top performers with gains near 4.5% for the week. The Materials and Technology sectors gained more than 4% for the week. Utilities were the underperformer with a gain just under 1%.
  • Earnings season is more or less over with the tone of the reports being quite positive. Many companies matched or exceeded analyst’s estimates and many of the companies also provided higher guidance for 2018.
  • The short, intermediate and long term trends are higher for the stock market.

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 nota guarantee of future results.