Stock Market update -Jul 26th

We got a pullback this week, in spite of the big rally in AMZN and others. What goes up must come down -the Nasdaq was very extended. AAPL dropped after earnings, as did other DOW stocks CAT, IBM, MMM, UTX, and others (BIIB plunged). Meanwhile Gold, Oil, and other commodities continued to drop this week. Bonds were up.

The DOW is now in a losing position for the year and we may be seeing the start of a correction in the market.  I stand by my comment earlier this year that we are forming a big rounded top.

U.S. jobless claims drop to 41-1/2-year low


New all time highs:    AMZN, FTNT, ITEK, LGF, PANW, SBUX, SYK, TWC, V, VRX
All time lows: WIN
Pops    AMZN, CMG, ISRG, V      Drops:    BIIB, CAT, IBM, MMM, UTX
Mergers/Deals:  Anthem to buy Cigna,   AT&T buys DirecTV

Next week:  Economic reports,   Fed meeting
Earnings:      
M:  BIDU
T:  BP, CTXS, DD, ESRX, F, GILD, MRK, PFE, TWTR, UPS, X
W: DATA, FB, HUM, MA, MO, ORLY, SKX, WFM
T:  AMGN, COP, FEYE, VLO, EXPE, PG, OXY, 
F:  CVX, XOM

This week's charts:
Gold was down again, closing near $1098 -now below $1100!
The 30 year Bond was up, closing near 154.71
The US Dollar was unchanged, closing at 97.35

NEWS:
Stocks plunge more than 2% for week on earnings, global growth concerns
The clock is ticking for stocks: Acampora (Wed)
Is the Dow’s underperformance a big opportunity?
Visa earnings sail past forecasts; stock pops 6%
Amazon is now worth WAY more than Walmart
Anthem to acquire Cigna, leaving only 3 big insurance companies

Apple stock tumbles as iPhone sales disappoint
Apple's iPhone suppliers are getting crushed
As it happened: Apple falls 7% after weak forecast
Biogen is crashing after cutting the outlook for its blockbuster drug
Gold ETFs Aren’t Finding Support From India This Time

Posted by 123Trader 0 comments

Stock Market update -Jul 19th

Big run up in the market this week, helped by the Greece resolution, and a huge earnings pop from Google and Netflix. Stocks and bonds were both up this week!

Big week for earnings reports next week...


New all time highs:    AMZN, DIS, DG, EA, FB, GOOGL, MA, NKE, NFLX, SBUX, V, etc.
All time lows:  LINE
Pops    GOOGL, NFLX      Drops:  
Mergers/Deals:  

Next week:  Economic reports,   
Earnings:      
M:  IBM, MS
T:  AAPL, CMG, MSFT
W:  BA, , AXP, KO, QCOM, TXN
T:  AMZN, CAT, CELG, GM, MMM, MCD, LLY, , SBUX, VRX, V
F:  BIIB
Also:   ISRG   YHOO  CMCSA VZ T  HAL UTX TRV    

This week's charts:
S&P 500 -nice rally!
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)


Commodities/Futures (charts):
Natural Gas was unchanged, closing at $2.88
Crude Oil dropped again, closing near $50.78
Gold was down again, closing near $1132 -approaching $1100!
The 30 year Bond was up, closing near 152.09
The US Dollar was up, closing at 97.99

NEWS:
Nasdaq jumps to another record as Google surges
(Podcast) Is Gold Headed Below $1,000?
The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis 
China Dumps Record $143 Billion In US Treasurys In Three Months Via Belgium

Posted by 123Trader 0 comments

Stock Market update -Jul 12th

Lots of volatility this week as uncertainty lingers with the Greece situation, and the ongoing market plunge in China. The S&P has held below the breakdown level we saw two weeks ago, and could continue to break down maybe to 2050 or even 2000, unless maybe we see a turnaround next week.

Earnings kicks off next week for yet another quarter, including many banks, GOOGL and NFLX, with the rest to follow in the coming weeks...  The Fed also speaks before Congress next week, and lastly we have Options Expiration for July -should be an interesting week.


New all time highs:    BMRN, CVS, EA, DIS, DG, HCA, SKX, TSO, ULTA, WBA, 
All time lows:  LINE, PGH
Pops    ,      Drops:   AMD, CUDA
Mergers/Deals:  

Next week:  Economic reports,   
Earnings:      
M:
T:  JPM, JNJ, WFC, YUM
W: BAC, INTC, NFLX, PNC
T:  BBT, C, GS, EBAY, GOOGL, UNH
F: GE, HON

This week's charts:
S&P 500 -dropping further?
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

A few losing stocks...

Commodities/Futures (charts):
Natural Gas was unchanged, closing at $2.77
Crude Oil dropped again, closing near $52.81
Gold was down a bit, closing near $1162 -holding below $1200
The 30 year Bond dropped, closing near 149.47
The US Dollar was down a bit, closing at 95.97

NEWS:
Dow ekes out weekly gain as overseas worries fade
Microsoft to lay off up to 7,800
Has Apple peaked?

Greece bailout: Deal still far away
China’s miracle is over — now comes the nightmare
Opinion: China’s stock-market crash is just beginning

Posted by 123Trader 0 comments

Stock Market update -July 5th

The market dropped on Monday, but recovered about half of the loss by Thursday. Continued concerns about Greece and China, and now even Puerto Rico has the market on edge. The monthly Jobs report came in below expectations.

The market seems to be getting tired at this level, and we may very well start to see a pullback depending on earnings.

New all time highs:    CMCSA, CB, CAG, DIS, DTV, DNKN, GIS, IBKR, MDLZ, NKE, SKX, 
All time lows:  GRUB, LC
Pops    ,      Drops:   
Mergers/Deals:  Chubb to be acquired, HUM to be acquired by AET 

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

S&P 500 -dropping?
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was unchanged, closing at $2.77
Crude Oil dropped, closing near $55.52
Gold was down, closing near $1167 -holding below $1200
The 30 year Bond rallied, closing near 150.18
The US Dollar was up, closing at 96.29

NEWS:
Wall St Week Ahead-Low earnings forecasts may mean profit beats, market boost
Here's the risk everyone is underestimating: Trader
A bad week for China's stockmarkets could be felt for years to come
Options Trader Sees More Volatility in Next Year or So

Exxon Mobil, Chesapeake Energy: One to Buy, One to Sell at 52-Week Lows
'Tepid' Gold Hits Nearly 4-Month Low Ahead of Weekend
Chart Of The Day: Is China Sending A Warning?
Posted by 123Trader 0 comments

Stock Market update -Jun 28th

The market pulled back a bit this week, as it continues to trade in a range. Option traders can take advantage of this by trading Iron Condors on the Indexes. Bonds continued to slip (TLT), and this will probably continue till it finds a support level (which is not far off). Gold also continues to slip, and it too is near a support level (GLD). Oil is range-bound (USO). And maybe next week we'll finally get closure on the Greece situation -whatever that means.

Next week we head into the end of the 2nd quarter, and the holiday weekend. Happy 4th of July to everyone.  The market will be closed on Friday!

NKE hit another all time high after reporting earnings. MU and MON dropped. NFLX announced a 7 for 1 stock split.


New all time highs:     AET, CMCSA, CI, DIS, DG, DNKN, NKE, SEE, SBUX, UNH
All time lows:  
Pops    ,      Drops:   
Mergers/Deals:  

Next week:  Economic reports,   Monthly Jobs report on THURSDAY, not Friday
Earnings:     
This week's charts:

S&P 500 -range-bound
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was mostly unchanged, closing at $2.77
Crude Oil was mostly unchanged, closing near $59.65
Gold was down, closing near $1173 -holding below $1200
The 30 year Bond dropped, closing near 147.75
The US Dollar was up a bit, closing at 95.59

NEWS:
Stocks close lower for the week amid Greece, earnings
Aetna close to buying Humana: Bloomberg
Verizon now officially owns AOL
Facebook now worth more than Wal-Mart on stock market
Carl Icahn made around $2 billion on Netflix

Chinese stocks are getting smashed to pieces
Greece blinks, makes new offer to avert default
Forget Greece —it's time to worry about China
The latest Social Security horror story


Posted by 123Trader 0 comments

Stock Market update -Jun 21st

The market rallied this week after the Fed meeting, and into quarterly options and futures expiration. We'll probably see the quarter end on a positive note, as the small-cap Russell 2000 takes out all time highs again. Bonds may be trying to find some support after the big drop this quarter. Gold was back over $1200 again, though I suspect this won't hold for very long.

A lot of traders have been trying to short this market, but until we see some of the moving averages start trending down, the rally will continue. Because we have been kind of directionless, its a good opportunity to sell Iron Condors on the indexes too.


New all time highs:     CMCSA, CAG, CVS, DATA, DTV. DG, DLPH, NKE, PANW. SBUX, SWKS, TGT, more
All time lows:  
Pops    MSO,      Drops:   
Mergers/Deals:  

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

S&P 500 -moving higher
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was mostly unchanged, closing at $2.75
Crude Oil was mostly unchanged, closing near $59.47
Gold was up a bit, closing near $1198 -holding below $1200
The 30 year Bond was up a bit, closing near 151.37
The US Dollar was down a bit, closing at 94.15
NEWS:


Posted by 123Trader 0 comments

Stock Market update -Jun 14th

The market was mostly unchanged this week, though not without its ups and downs. Bonds continued to drop. We're below the 50MA, though the line is still sloping up. We'll just have to wait and see where it goes next. Meanwhile, if you're an Options trader, continue to sell premium on both sides of the market, what little there is.

Next week is June Options expiration (quarterly too), so we could see the market hold on to the highs. We also have a Fed meeting, though no surprises are expected. And of course, the Greece saga continues.


New all time highs:     AMBA, ANN, DATA, DG, IMAX, JD, MIC, NTES, SEE, SKX
All time lows:  
Pops    CTXS,      Drops:   HOV
Mergers/Deals:  

Next week:  Economic reports,   Fed Meeting
Earnings:     FDX, ORCL
This week's charts:

S&P 500 -below the 50MA
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was up a bit, closing at $2.76
Crude Oil was down a bit, closing near $59.94
Gold was down a bit, closing near $1180 -holding below $1200
The 30 year Bond dropped, closing near 150.34
The US Dollar was down a bit, closing at 94.92

NEWS:
Stocks close lower, with Dow off more than 100 points as Greece weighs
Netflix (NFLX) Shorts Cry Uncle
Netflix (NFLX) and Other Three-Year Winners
The most heavily shorted stock could keep rallying
The sleeping giant of the solar industry: Florida

175 Quadrillion Zimbabwean Dollars Are Now Worth $5
Is Greece at risk of becoming the next Zimbabwe?

Posted by 123Trader 0 comments

Stock Market update -Jun 7th

The market rolled over a bit this week, closing below the 50MA once more. We see a rebound as it has done in the past, or not, so stay alert. The monthly Jobs report had no surprises, and the market reacted in like manner.

Bonds took a beating again, but could be nearing some support at these levels. Gold was down as well, and continues to look weak longer term. Oil could be headed lower too, but its anyone's  guess. Volatility (VIX) may be headed higher, after dropping for most of the year.


New all time highs:     AMBA, EBAY, FTNT, JPM, NFLX, PANW, PNC, REGN, SKX, WFC,
All time lows:  WIN
Pops    ALTR, UA,      Drops:   
Mergers/Deals:  INTC to buy ALTR

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

MCP, once a high flier, now at .41c

S&P 500 -holding on to the highs!
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was down a bit, closing at $2.59
Crude Oil was down a bit, closing near $58.88
Gold was down a bit, closing near $1171 -still below $1200
The 30 year Bond dropped, closing near 151
The US Dollar was down a bit, closing at 96.36

NEWS:
Posted by 123Trader 0 comments
Subscribe to: Posts (Atom)