https://seekingalpha.com/article/4126243-weekly-wrap-market-stumbles-first-time

Last week, the S&P 500 experienced its first down week in two months. This week we saw the market stumble for the first time in a while amidst weakening breadth and some poor earnings results. In particular, shares of General Electric (NYSE:GE) plunged to a five-year low, hitting the major indices hard, with shares experiencing double-digit declines after announcing below-consensus guidance for 2018 and cutting its dividend by 50%. Later in the week, Target (NYSE:TGT) reported sales that beat expectations but margins declined and the company gave disappointing guidance for the holiday filled current quarter. We continue to see Target as a thematically lost company, and continue to favor Connected Society company Amazon (NASDAQ:AMZN) and its delivery derivative United Parcel Service (NYSE:UPS). Both of those companies are on the Tematica Investing Select List.

On Tuesday, oil had its worst day since June and the U.S. dollar fell the most since September as yield curves flattened further after higher than expected Producer Price Index numbers for October. Thursday, the S&P 500 ended its streak of 47 trading days in which the index closed at overbought levels as defined by closing 1+ standard deviations above its 50-day moving average. The markets experienced a brief buy-the-dip moment, with little follow through by Friday. It has now been 261 trading days since we've had a 3% or more pullback in the markets, the longest such streak in history.