– Click on the charts to enlarge.

– The tables under "Ways to trade," scroll on mobile.

S&P 500

Updated 12/09/2018

Jump to:

Ways to trade

Charts

Overview

What is the S&P 500 Index?

The S&P 500 is a basket of the 500 largest U.S. publicly traded companies by market value.

It is a large-cap index. Meaning, for a company to be considered, its market value must be $10 billion or greater.

It's one of the most common benchmarks for U.S equity markets.

Who picks the stocks that make up the index?

A committee decides which stocks are included. They use factors such as liquidity, profitability, and market cap. You can see their full methodology here.

Anything else I should know?

This index is market-cap weighted. So it is prone to be driven by a handful of stocks.

For example: In the first half of 2018, ten stocks accounted for all the gains with one stock, Amazon, accounting for almost two-fifths.

Ways to trade

SymbolETF NameAsset ClassTotal AssetsDiv. YieldExp. RatioOptions Available
SPYSPDR S&P 500 ETFEquity$263.4 Billion1.83%0.0945%Yes
IVViShares Core S&P 500 ETFEquity$160.4 Billion1.76%0.04%Yes
VOOVanguard S&P 500 ETFEquity$104.5 Billion1.92%0.04%Yes

Charts

Weekly Chart

S&P 500

Price is testing an important support zone between 2,530/ 2,600 (blue arrow). Buyers have shown up at those levels in the past (more than three times). In addition, the 100-week moving average (red line) comes in around 2,600. The S&P hasn't closed below that average since 2016.

In our view, the trend is higher until we have a weekly close under the 2,600 level and the 100-week moving average.

Dow Jones Industrial Average

Updated 12/09/2018

Jump to:

Ways to trade

Charts

Overview

What is the Dow Jones Industrial Average?

Commonly referred to as the Dow. The Dow is a price-weighted average of 30 stocks that trade on the NYSE and Nasdaq.

The DJIA was invented by Charles Dow in 1896 and is the second oldest index after the Dow Jones Transportation Average.

It was created to serve as a proxy for the broader economy.

In the beginning, it included just 12 companies that were industrial in nature.

This makes sense, the late 19th century was when John D. Rockefeller's Standard oil was amassing power and many of the industrial conglomerates we have today started in the late 19th and early 20th century.

Anything else I should know?

General Electric was part of the first index created on May 26, 1896. It stayed in the index until it was replaced by Walgreens on June 26, 2018.

One drawback

Since the index contains only 30 stocks, it may not be the best indicator of overall market performance; which is why the S&P 500 is the more common benchmark today.

Ways to trade

SymbolETF NameAsset ClassTotal AssetsDiv. YieldExp. RatioOptions Available
DIASPDR Dow Jones Industrial Average ETFEquity$22.6 Billion2.00%0.17%Yes

Charts

Weekly Chart

Dow Jones Industrial Average

Price is holding above the support level at 23,500 (blue arrow).

In our view, the trend is higher. A break under 23,500 could lead to a further drawdown.

Dow Jones Transportation Average

Updated 12/09/2018

Jump to:

Ways to trade

Charts

Overview

What is the Dow Jones Transportation Average?

An index that consists of 20 companies from the transportation sector.

The average was created by Charles Dow in 1884; making it the oldest U.S. based stock index.

Anything else I should know?

The index includes:

Airlines-Southwest and American Airlines.

Rental & leasing-Avis Budget Group.

Railroad-CSX Corp.

Delivery services-FedEx Corp and UPS.

Marine transportation-Kirby Corp.

Ways to trade

SymbolETF NameAsset ClassTotal AssetsDiv. YieldExp. RatioOptions Available
IYTiShares Transportation Average ETFEquity$773.2 Million0.91%0.43%Yes

Charts

Weekly Chart

Dow Jones Transportation Average

Price is holding above the support level at 9,750.

In our view, the trend is higher until we see a break below 9,750.

Nasdaq 100

Updated 12/09/2018

Jump to:

Ways to trade

Charts

Overview

What is the Nasdaq 100?

It is a stock market index made up of the 100 largest non-financial companies listed on the Nasdaq.

It is a market cap weighted index but has certain rules to cap the influence of the largest components.

Anything else I should know?

This index is often confused with the Nasdaq composite; with the latter containing every company listed on the Nasdaq exchange.

Ways to trade

SymbolETF NameAsset ClassTotal AssetsDiv. YieldExp. RatioOptions Available
QQQInvesco QQQEquity$67.9 Billion0.87%0.20%Yes

Charts

Weekly Chart

Nasdaq 100

Price is holding above the support zone at 6,250/6,500 (blue arrow).

In our view, the trend is higher until a break below the support zone.

Russell 2000

Updated 12/09/2018

Jump to:

Ways to trade

Charts

Overview

What is the Russell 2000?

It is a small-cap index of the bottom 2000 companies in the Russell 3000 index.

It is the most common benchmark for small-cap mutual funds.

Anything else I should know?

Many think the index is an important indicator for the U.S economy because the companies in the index are smaller, domestically focused businesses.

The weighted average market cap is $2.4 billion.

Ways to trade

SymbolETF NameAsset ClassTotal AssetsDiv. YieldExp. RatioOptions Available
IWMiShares Russell 2000 ETFEquity$46.3 Billion1.17%0.19%Yes
VTWOVanguard Russell 2000 ETFEquity$1.7 Billion1.17%0.15%Yes
SPSM SPDR Small Cap ETF*Equity$1.4 Billion1.47%0.05%No

*Does not track the Russell 2000. This ETF tracks the SSGA small-cap index.

Charts

Weekly Chart

Russell 2000

Price is holding above support at 1,440.

In our view, the trend is still higher, though not as strong as other indexes. A break under 1,440 could lead to a deeper dive toward 1,350.