Craig Johnson’s

Stock Market Summary

Friday, April 13, 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 
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 continues the market consolidation that began following the January high, but the Nasdaq Composite and Russell 2000 indices have recently been improving quite rapidly.
  • In the last four weeks all of the major market indices have been in a base building process, typically a positive development for the health of the market. If this base building is successful and an eventual breakout occurs, the market rally will be underway.
  • Today kicks off the earnings season with the money center banks reporting. The last week of April and first week of May will host the largest number of reports from companies. Earnings season might provide a shift in investor focus from the current geopolitical news that is influencing the financial markets to companies reporting earnings and providing future guidance.  
  • For the year-to-date, the Technology sector has been the best performer with Consumer Discretionary second. Consumer Staples has been the worst performer with REITs just slightly better.


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.