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It is a wrap. Good riddance 2018. Main indices finish the day with positive aspects/down on 12 months

Dow leads the best way immediately.  Main indices shut the 12 months within the purple after a dismal December

The most important indices scratched out smallish positive aspects on the final buying and selling day of the 12 months.  The ultimate numbers are displaying:

The S&P index rose 21.27 factors or zero.86% at 2506.95The Nasdaq rose 50.76 factors or zero.77% at 6635.28The Dow rose 266.01 or 1.15% at 23328.41

For the month it was the worst December since 1931. Greatest share drop for a month since February 2009 for the S&P and Dow and November 2008 for the Nasdaq.

The S&P fell -9.18%The Nasdaq fell -9.48% The Dow fell -Eight.66%

For the 12 months, the key indices are ending with the worst 12 months in shares since 2008, freely giving double digit positive aspects in an finish of 12 months swoon.

The S&P fell -6.24%The Nasdaq fell -6.24%The Dow fell -Three.88%.

Not a superb 12 months for the key indices.  

Trying on the weekly chart of the S&P, the autumn from the tip of September/early October highs corrected to the 50% of the transfer up from the 2016 low at 2375. The intense low reached the 200 week MA (inexperienced line) and the value has rebounded again to the damaged 38.2% at 2508. In 2019, the 100 week MA at 2612.40 will likely be a barometer for the patrons and sellers. Keep beneath is extra bearish. Transfer above and the bias might shift again to the upside.


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