Craig Johnson’s

Stock Market Summary

Monday, April 20, 2015

  • The Dow Jones Industrial Average, the S&P 500 and the Russell 2000 declined last week following two weeks of gains. Friday’s sharp market decline accounted for much of the week’s loss.
  • The Russell 2000 did record an all-time high on Wednesday as the broader market has remained stronger than the larger capitalization stocks since October. All of the major market indices are higher for the year.
  • The stock market has been in a sideways consolidation since February, when most of the major indices recorded new highs. The S&P 500 has traded between 2040 and 2120 since February 5. It closed Friday near 2080.
  • It is very early in the earnings season, but so far earnings are beating the very low expectations of analysts.
  • The energy sector has been the best performing sector for stocks during April. However, much work will need to be done in this sector before the intermediate to long-term downtrend can be broken.
  • Sales data for March regarding existing and new home sales will be released this week. On Friday, the durable goods figure for March will be announced.
  • A positive catalyst or two could launch the stock market into a new uptrend following the recent consolidation. The intermediate market bias remains positive for the stock market.

Sources:,,, Dow Jones News, Financial Times,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, and 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.