Bulls Reappear Within Bear Market

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as bulls reappear within bear market. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

US stock futures point to declines at Friday’s open amid roller coaster week

Stephanie Keith | Getty Images Futures on Thursday evening stateside pointed to opening losses on Friday for the three major indexes in the U.S. Dow Jones Industrial Average futures implied a decline of 112.82 for the index at Friday’s open, as of 6:28 p.m. ET Thursday.

The S&P 500 (SPY) slipped -0.12% today. Sector decliners led advancers 6 to 5 as shown below in the sector graph. Communication services (XLC), energy (XLE), financials (XLF), industrials (XLI), materials (XLB) and technology (XLK) each lost less than 1%. Consumer discretionary (XLY), consumer staples (XLP), healthcare (XLV), real estate (XLRE) and utilities (XLU) each added less than 1%.

The Dow Jones index gave up 76 points (-0.33%) to close at 23,062. The Nasdaq inched up 5 points (+0.08%) to settle at 6,584.

Bulls Reappear Within Bear Market

A majority of stocks finished lower on Friday but bulls reappear within bear market on a weekly basis. Another day of whipsaw action in all three major averages as they climbed and fell throughout the Friday session. All 3 major indexes ended in the green for the week, its first in four. Both the Dow and S&P are down 9+% for the month.

Key Takeaways…

I took the following CNBC screenshots this morning regarding FAANG fights back, bear essentials and when the bear comes knocking:

Bulls Reappear Within Bear Market

Bulls Reappear Within Bear Market

Bulls Reappear Within Bear Market

Bulls Reappear Within Bear Market

Notable S&P Movers…

Below I’ve highlighted some notable S&P movers (both winners & losers).

Credit: Sector Graph provided by Sector SPDR app. Sector breakdown provided by Charles Schwab. Sector heat map provided by finviz. Information Credit: News Headlines and quotes were taken from CNBC in the writing of this post.

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12/28/18

S&P 500 Sector Graph

Bulls Reappear Within Bear Market

S&P 500 (SPY)

Bulls Reappear Within Bear Market

Communication Services (XLC)

Bulls Reappear Within Bear Market

Consumer Discretionary (XLY)

Bulls Reappear Within Bear Market

Consumer Staples (XLP)

Bulls Reappear Within Bear Market

Energy (XLE)

Bulls Reappear Within Bear Market

Financials (XLF)

Bulls Reappear Within Bear Market

Real Estate (XLRE)

Bulls Reappear Within Bear Market

Healthcare (XLV)

Bulls Reappear Within Bear Market

Industrials (XLI)

Bulls Reappear Within Bear Market

Materials (XLB)

Bulls Reappear Within Bear Market

Technology (XLK)

Bulls Reappear Within Bear Market

Utilities (XLU)

Bulls Reappear Within Bear Market

S&P 500 Sector Heat Map

Bulls Reappear Within Bear Market

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