Stock Market update -Apr 24th

The market was more or less unchanged this week, except for the NASDAQ 100 which suffered after some disappointing tech earnings from NFLX, IBM, MSFT, and GOOGL.This coming week we'll get earnings from more high profile tech companies like AAPL, AMZN, and FB, along with many other sectors reporting.

Bonds took a hit this week, while Oil was up a bit. Gold seems to be in a sideways pattern.


UA popped on earnings; also NSC
IBM, NFLX, GOOGL, MSFT, SBUX dropped on earnings!
INTC announced 12,000 job cuts!

New all time highs:  BAX, EBIX, EW, OC, SWK, 
All time lows:  ...
Pops:   UA,     Drops:    GOOGL, KO, MSFT, NFLX
Mergers/Deals:  

Next week:  Economic reports,   Fed meeting, GDP report, and lots of Earnings reports...
Earnings:         
MON:  HAL, FDC
TUE:  AAPL, DD, MMM, PG, T, TWTR
WED:  BA, FB, FSLR
THU: AMZN, AMGN, F, GILD, COP, LNKD, MA
FRI:  XOM, CVX, PSX

This week's charts:


Are we there yet... seems like it!



For all the VIX traders out there!

Links...
S&P 500 -rally holding...
Gold was mostly flat, closing near 1233
The 30 year Bond saw a big drop, closing near 162.34
The US Dollar was up,  closing near 95.09
The Yen dropped

NEWS:
Dow holds 18K despite Microsoft’s worst day in a year
This could bring on the volatility in the week ahead
Buckle up: Stocks could drop 25% or more
How Facebook plans to take over the world
NYT: China bans Apple’s iBooks and iTunes Movies stores
Microsoft says game over for Xbox 360
Alphabet Is Getting Crushed -- and Has More Downside Ahead
Intel cuts 12,000 jobs as it bets on IoT, data center over PCs

Here’s what’s behind silver’s sterling rally
Yen sinks on report of Bank of Japan stimulus plan
Dollar logs largest weekly gain vs. yen since November 2014

Posted by 123Trader 3 comments

Stock Market update -Apr 17th

The market rallied again this week, approaching all time highs on the S&P 500. This will be a big week for earnings and could move markets either way, but remember the recent overall trend is still up.

Financials were up after a few of the big banks reported earnings.


New all time highs:  JNJ, VNTV
All time lows:  ...
Pops:   ,     Drops:   STX
Mergers/Deals:  

Next week:  Economic reports,   
Earnings:         
MON:  IBM, MS, NFLX, PEP
TUE:  DFS, INTC, GS, JNJ, PM, UNH, VMW, YHOO
WED:  AXP, EMC, KO, KMI, LVS, MAT, QCOM, YUM
THU: AMZN, BIIB, GOGL, LUV, MSFT, MRVL, SBUX, V, VZ
FRI:  CAT, GE, MCD, STX

This week's charts:


Are we there yet...

Links...
S&P 500 -powerful rally!
Gold was down a bit, closing near ...
The 30 year Bond was up, closing near ...
The US Dollar was up,  closing near ...

NEWS:

The largest U.S. coal company just filed for bankruptcy
Top oil countries fail to reach deal on production freeze
Who will buy Yahoo? Bids due ahead of earnings


Posted by 123Trader 7 comments

Stock Market update -Apr 3rd

We closed out the quarter with a bang, dropping 10 percent early on, then rallying back to recover all of those losses -quite a roller coaster ride! Fund managers wait all year for a 10% move... We also got a somewhat decent Jobs report on Friday, causing a drop, then a rally. The Energy sector was the under performer this week.

For the quarter, Gold and Gold equities did extremely well, after a multi-year selloff, as did Basic Materials and Energy. Bonds continue to hold up, while Gold seemed to be trending down for March, and the US Dollar has been trending down for the quarter.

We could see the market roll over again as it approaches the top from last December, and this huge rally loses some steam. Watch for earnings in two weeks.

For Options traders, the VIX is approaching pretty low levels again... take a look here.


New all time highs:  AVGO, ACN, CAG, CPB, DG, EW, K, KO, HPE, GIS, JAR, MCD, PM, PEP, SYY, TSN, ...
All time lows:  ...
Pops:   ,     Drops:   
Mergers/Deals:  

Next week:  Economic reports,   
Earnings:      MON, STZ,WBA,   

This week's charts:


Big Mac doing quite well for the past two quarters...


Links...
S&P 500 -powerful rally!
CBOE VIX -getting pretty low
10yr Interest Rates -
Labor Force Participation Rate (10 year chart)
Fear & Greed Index

Commodities/Futures (charts):
Natural Gas was up a bit, closing near 1.95
Crude Oil was down, closing near 36.63
Gold was up a bit, closing near 1223
The 30 year Bond was up, closing near 164.81
The US Dollar was down,  closing near 94.61

NEWS:
Opinion: Earnings will decide the stock market’s fate
The 6 Dow Stocks Holding the Market Down in 2016
Apple at 40: Search on for post-iPhone revenue driver
Tesla got more than twice the Model 3 preorders it expected
Boeing plans to cut up to 8,000 airplane jobs
BlackRock planning to cut 400 jobs

Chinese Stocks Fall as Traders Weigh S&P Cut, Factory Rebound
Gold headed for best quarter in nearly 30 years

Posted by 123Trader 0 comments
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