The Dow Jones Industrial Average, Dow Jones Transportation Average and Russell 2000 ended last week below their semiannual pivots at 27,266, 10,720 and 1,572.85, respectively. The Dow, S&P and Nasdaq remain above their annual pivots at 25,819, 2,867.1 and 7,370 Nasdaq, respectively. The Dow, transports and Russell 2000 have neutral weekly charts. The S&P 500 (2,986.20 on Oct. 18) is up 27.3% from its Dec. 26 intraday low of 2,346.58 and set its all-time intraday high of 3,027.98 on July 26. The Nasdaq Composite (8,089.54 on Oct. 18) is up 30.7% from its Dec. 24 intraday low of 6,190.17 and set its all-time intraday high of 8,339.64 on July 26.

Source: Forbes October 19, 2019 15:56 UTC