36 years...S&P closes just above the 200 day MA at 2083.18 (closed at 2085.18)

In 1980 I was 19 years old, just graduated from high school. Enjoying my freshman year at Clemson University and drinking a lot of beer (especially on a Friday during football season). Adam? Well he was a twinkle in his mother's eyes.

It has been that long ago that the US stock market has had 9 straight days of declines. Now, let's not panic. The decline over the period has only been about 3.2%. That is not a heck of a lot, but it still is an 0-9 slump.

The changes for the major indices today:

  • S&P down -3.48 points or -0.17%
  • Nasdaq down -12.03 points or -0.24%
  • Dow -42.39 points or -0.24%.

For the week:

  • S&P fell by -1.94%
  • Nasdaq fell by -2.77%
  • Dow fell by -1.50%

Again, not a disaster, but the trend is not favorable.

PS. The closing level for the S&P 500 is 2085.18. The 200 day MA is at 2083.18. Pretty close to that key MA level.

How about other markets. In the US debt markets today:

  • 2 year note 0.7818%, -2.3 basis points
  • five year note yield 1.2338%,, -3 basis points
  • 10 year note 1.7745%, -3.7 basis points
  • 30 year bond yield 2.5602%, -4.0 basis points

For the week:

  • The 2 year yield is down -7 basis points from last Friday's close
  • 5 year yield is down -9.2 basis points on the week
  • 10 year yield is down -7 basis points.
  • 30 year yield is down -5.7 basis points

Crude oil is trading at $44.11 down -1.23% on the day. For the week, the futures fell by $4.55 or about -9.3%.

Spot gold is trading at 1304.26, +0.12% on the day. For the week, the gold price increased by about $35 or +2.8% for the week.