1. Where is the Market? April 21, 2016

2. Big Picture – Wednesday Apr 20
The major indexes advanced Wednesday, but it wasn’t the type of finish that a chart reader would desire.
Up until the final 45 minutes of the session, the market showed strength. The S&P 500 looked poised to finish not only up for the third session in a row, but also to end trading near the session highs. That would indicate a healthy eagerness among fund managers to deploy more capital into stocks.
Instead, the big boys and girls of the market nailed down profits and raised cash in the final 45 minutes of Wednesday’s trade. Thus, the S&P 500, which was up as much as 0.5%, finished just 0.1% higher. The Nasdaq rose just 0.2%, a fraction of its 0.6% intraday gain.
Volume expanded on both exchanges, resulting in twin stalling sessions for the key indexes. Stalling is bad. It implies institutional investors sold shares heavily into the market rally, an attempt to disguise their real intent. The stall day pushed the distribution-day count for the S&P 500 up to five. For the Nasdaq, the count remained at five; the March 15 distribution day expired due to time

3. Big Picture – Thursday April 21
“Market in Uptrend” – Resumed on April 13 from “Under Pressure”
Distributions Count – Nasdaq 5 , S&P 6
Nasdaq Flat since April 13.
S&P moving up since April 13.
Oil and Commodities Stocks Help Drive Rise or Fall
Dow Jones rose above 18,000 but fell below today.
Checkout Market Charts

4. What’s Driving the Market?
China’s Slower Growth – Demand
Europe still struggling Growth –Demand
US Stronger dollar –Exports more expensive, Demand, Earnings
Oil prices – Jobs, Debt/Bonds/Loans, Countries
Foreign Money leaving US Markets & Bonds -Market
Company BuyBack Programs supporting Market
Elections -???
Earnings and Revenue expected to be Lower

5. What to do This Month Develop Watchlist Buying Stocks Stocks I Own
Set Alerts ( 1-2% below BO point) or Buy “Stop Loss”
Buying Stocks
Be VERY CAUTIOUS Buying stocks.
Earnings started this month
Market has been in upswing for 10 weeks. Dip or Correction Possible
Seeing Stalling Action Recently
Stocks I Own
How has your stock been Behaving. Is it a Leader? Shakeout Prone?
Have Sell Plans – The Good, The Bad, The Ugly

6. IBD is Changing Newspaper Going Weekly
Monday Only – Both digital and print – No price change
Focus is shifting to the Website
Significant changes have already occurred
More are planned
What’s driving these Changes
Better Tools/Interface to find Stocks
Cost??