Dow declines -131.01 points (-0.71%) to end at 18,261.45: Friday September 23, 2016

Dow declines 131.01 points ( -0.71 %) to settle at 18,261.45.

The US Large Cap S&P 500 index declines 12.49 points ( -0.57 %) and is now at 2,164.69.

The tech heavy Nasdaq declines 33.77 points ( -0.63 %) closing at 5,305.75.

Oil settles at $44.69 ( +0.47 % from last trading day.)

Gold is now at $1,341.40 ( -0.02 % from previous.)

The 10 year bond yield is at 1.61%. The interest rate of the yield has decreased ( -0.02 %), meaning that the value of the bond has increased. Decreasing bond yield means that the value of the bond increases and benefits bond holders but can discourage people from putting money in bonds.

The percentage of advancing stocks in the InvestDashboard.com stock universe is at 31.07 % while the percent of declining stocks is at 62.97 %. Volume is -06.58 % % from the average. Lower volume means there is lower conviction in this (down) move.

The percent of stocks above the 50 Day Moving Average is 54.31 % while the percent of stocks above the 200 Day Moving Average is 65.47 %. The percent of stocks above the 200 Day Moving Average says that stocks are generally in an uptrend and not yet overbought.

There are 01.15 % of stocks hitting a new 52 week high with 00.31 % of stocks hitting a new 52 week low.

The S&P 500 return over the last 52 weeks is 11.95 %.

The median forward PE is at 16.43, the average 5 year estimated growth is at 12.82 % and average yield is 01.58 %.

The average PEGY ratio (PEGY = (PE Ratio / (Growth+Yield))) is 2.35. The PEGY Ratio of 2.35 is greater than 2 and the market is very expensive!