Dow declines -46.23 points (-0.25%) to end at 18,479.91: Thursday September 08, 2016

Dow declines 46.23 points ( -0.25 %) to settle at 18,479.91.

The US Large Cap S&P 500 index declines 4.86 points ( -0.22 %) and is now at 2,181.30.

The tech heavy Nasdaq declines 24.45 points ( -0.46 %) closing at 5,259.48.

Oil settles at $47.33 ( -0.61 % from last trading day.)

Gold is now at $1,341.50 ( -0.01 % from previous.)

The 10 year bond yield is at 1.62%. The interest rate of the yield has increased ( +0.08 %), meaning that the value of the bond has decreased. Increasing bond yield means that the value of the bond decreases and hurts bond holders but can encourage people to put more money in bonds for the higher yield.

The percentage of advancing stocks in the InvestDashboard.com stock universe is at 44.64 % while the percent of declining stocks is at 50.25 %. Volume is 04.92 % % from the average. Higher volume means there is higher conviction in this (down) move.

The percent of stocks above the 50 Day Moving Average is 61.49 % while the percent of stocks above the 200 Day Moving Average is 69.61 %. The percent of stocks above the 200 Day Moving Average says that stocks are generally in an uptrend and not yet overbought.

There are 02.06 % 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 11.02 %.

The median forward PE is at 16.40, the average 5 year estimated growth is at 12.95 % and average yield is 01.55 %.

The average PEGY ratio (PEGY = (PE Ratio / (Growth+Yield))) is 2.11. The PEGY Ratio of 2.11 is greater than 2 and the market is very expensive!