Sunday, September 20, 2015

ChartAdvisor for September 18, 2015

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September 20, 2015

ChartAdvisor for September 18, 2015

Tickers in this article: SPY, DIA, QQQ, IWM

The U.S. markets moved higher over the past week, as of Thursday's close, led by small-cap stocks in the Russell 2000 and lagged by large-cap stocks in the Dow Jones Industrial Average. With investors speculating that the Federal Reserve wouldn't raise interest rates all week, the market gave up most of its gains after the central bank's decision not to raise rates on Thursday afternoon. However, the question now is when the bank will ultimately decide the market is ready.

International markets moved largely lower over the past week, as of Thursday's close. Japan's Nikkei 225 rose 0.45%; Germany's DAX 30 rose 1.01%; and, Britain's FTSE 100 rose 1.18%. In Europe, the economic news continues to improve with the region's trade surplus hitting a record high and industrial output higher than expected in July. In Asia, Chinese leaders tried to reassure the market that the economy was healthy, while slowing exports are putting pressure on Japan.

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Charts courtesy of stockcharts.com

Disclosure - At the time of writing, the author did not own shares of any company mentioned in this article.



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