Stock Market update -Sep 27th

The market was down this week, maybe looking to hit the lows of August. NKE popped after announcing great earnings. CAT dropped after reducing sales forecasts and announcing huge layoffs. IBB saw a big drop also. We could see the indexes going back to the Aug 24 flash crash lows so be careful.

New all time highs:    ATVI,  CUBE
All time lows:    ABEV, BSBR, EC, NWSA,  
Pops     NKE     Drops:      CAT  
Mergers/Deals:  

Next week:  Economic reports,   
Earnings:      
This week's charts:

S&P 500 -topped! 
CBOE VIX -still elevated
10yr Interest Rates -undecided
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas dropped a bit, closing near 2.55
Crude Oil was mostly unchanged, closing near 45.34
Gold was up, closing near 1145 -still holding above $1100
The 30 year Bond was up a bit, closing near 155.62  -could be going to 160?
The US Dollar was up a bit,  closing near 96.43


NEWS:
Economic data this week to reflect impact of market turmoil
IBB biotech fund posts largest weekly drop in 7 years
'Fast Money' Recap: Nike Shows China's Consumers Are Still Buying
4 Tarnished Gold-Mining Stocks Now Too Cheap to Ignore


Posted by 123Trader 111 comments

Stock Market update -Sep 20th

The market ended the week mostly unchanged, after rallying then dropping, following the Fed announcement on Thursday. Financials dropped following the Fed's decision. Gold and Gold miners rallied. We continue to drift without direction since the big drop in August.


New all time highs:    EXPE, TAP, 
All time lows:    BSBR, 
Pops          Drops:        
Mergers/Deals:  

Next week:  Economic reports,   
Earnings:      BBRY, NKE
This week's charts:

S&P 500 -topped! 
Gold was up -still holding above $1100
The 30 year Bond was up a bit  -could be going to 160?
The US Dollar was down a bit

NEWS:
Dow closes off triple digits as Fed weighs
Yellen Flinches

HP to cut another 25,000 to 30,000 jobs
VW sees billions wiped off market value after rigging claims

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Stock Market update -Sep 13th

The market was up a bit for this shortened week. This coming week is eagerly awaited, to find out how the market reacts on Thursday to the Fed statements on interest rates. We could see movement in all asset classes. I believe they will raise rates, the question is, how will the market react -it could go either way. Meanwhile Gold and Bonds were down this week, and Oil also pulled back a little.

AMZN and FB seem to be recovering from the August drop, while NFLX, GRPO, AMBA, LNG, X, ABX, and others seem to losing ground. AAPL had their big announcement, but the stock had little reaction. For Options traders, Implied Volatility remains elevated, presenting good trading opportunities.


New all time highs:    CDW, PLAY, BWLD
All time lows:    GFI
Pops          Drops:       MFRM, MRVL, ZUMZ, 
Mergers/Deals:  

Next week:  Economic reports,   ...highly anticipated Fed meeting!
Earnings:      ADBE, FDX, GIS, ORCL 
This week's charts:

S&P 500 -topped! 
CBOE VIX -still elevated
10yr Interest Rates -dropping?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was unchanged, closing at $2.68
Crude Oil was down a bit, closing near $44.78
Gold dropped again, closing near $1107 -but holding above $1100
The 30 year Bond was down, closing near 154.65  -could still be going to 165?
The US Dollar was down, closing at 95.20

NEWS:
Wall Street climbs, S&P 500 posts best week since July
Forget new Apple products—THIS is the issue
If Apple can't stream an iPhone 6 event, is there really an enterprise story?
Gold's going to $1,000: Technician
Economist: China situation spells global recession
China is dumping U.S. debt

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Stock Market update -Sep 6th

Another week of losses in the market, with the indexes closing down a little over 3%. The S&P500 may still test the low of August and/or last October, so fasten your seatbelt! The monthly Jobs report on Friday was kind of weak too.

Forget about all the talk about the Fed raising interest rates, or the problems in China, or the Dollar, and how it might affect the markets. Just trade what you see on the charts -"only price pays" (Brian Shannon). Trade what you see, not what you think.

No strength in any of the big names like NFLX, AAPL, AMZN, GOOGL, BAC, GS, XOM...
Implied Volatility (for Options traders) will probably remain high until after the Fed meeting this month.

GMCR and TWTR may be finally getting some buyers. Likewise for some of the beaten down stocks in Energy and Gold Mining -we could be close to a bottom in those two sectors. However, only 'trade what you see, not what you think'. AAPL is expected to make some new product announcements next week.


The Shanghai market may have much further to fall (below)!



New all time highs:    none!
All time lows:    
Pops          Drops:        DLTR, 
Mergers/Deals:  Canada's Emera to buy Teco Energy

Next week:  Economic reports,   
Earnings:       LULU, PANW
This week's charts:

Brazil, Russia, India, China

S&P 500 -topped! 
CBOE VIX -still elevated
10yr Interest Rates -dropping?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was unchanged, closing at $2.65
Crude Oil was up a bit, closing near $45.77
Gold dropped again, closing near $1122 -but holding above $1100
The 30 year Bond was up, closing near 155.90  -could still be going to 165?
The US Dollar was up, closing at 96.23

NEWS:
Dow posts triple-digit drop, caps second worst week in 2015
Stocks Plumb New Lows in Volatile End to Week
‘Bearish divergence’ is warning investors not to buy the dip in the stock market 
US employers add 173K jobs in August; rate falls to 5.1 pct.
Leveraged Financial Speculation In The US At A Familiar Peak, Once Again

Here’s what to expect at Apple’s event next week
Report: Google planning to reenter China w/ special Play Store, Android Wear support, more
BlackBerry acquires Good Technology for $425 million, accelerates software plans
Does China's Stock Market Have Further To Fall?
Brutal! The two stocks down 70 percent in a year (vid)
Canada officially enters recession


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