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

Stock Market update -Mar 27th

The market took a breather this week after the recent huge rally. Next week we have the Fed on Tuesday, and the monthly Jobs report on Friday. I expect we'll rally or hold at these levels through the end of the quarter.



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

Next week:  Economic reports,  Monthly Jobs report on Friday 
Earnings:        

This week's charts:


Another casualty in the Energy space (LINE)...

Links...
S&P 500 -powerful rally!
Gold dropped, closing near 1216
The 30 year Bond dropped a bit, closing near 163.03
The US Dollar was up,  closing near 96.16

NEWS:
BofA warns 'profit recession' will hurt rally
The dollar is back in the driver's seat
The nagging problem with the stock market’s rebound
The market is about to lose its leader: Traders
iPhone SE review: today’s tech, yesterday’s design
Legendary former Intel CEO Andy Grove is dead at 79

Posted by 123Trader 0 comments

Stock Market update -Mar 20th

Stocks rose for a 5th week, bringing some indexes back to breakeven or better for the year. As I mentioned last week, this rally could continue into the end of this 1st quarter -then we get earnings. If previous rallies are any indication (last October looks identical), we could see the market roll over again.  You Are Here

The Dollar dropped, and Commodities rallied as a result.


FDX, ADBE, and ORCL popped on earnings

New all time highs:   ADBE, AEP, AVGO, ED, HPE, HON, ROST, SYY, TJX, UNH, XEL  and more...
All time lows:  ...
Pops:   TFM, FDX    Drops:  VRX 
Mergers/Deals:  
Apollo Buys The Fresh Market in a $1.3 Billion Cash Tender Offer 
Chinese firm snatches Starwood from Marriott

Next week:  Economic reports,  Short trading week (Good Friday)
Earnings:      NKE reports on Tue  

This week's charts:

Valeant train wreck...

Links...
S&P 500 -powerful rally!
Gold was up a bit, closing near 1256
The 30 year Bond was up, closing near 163.21
The US Dollar dropped again,  closing near 95.07

NEWS:
Moody’s: Pension Funding Likely to Get Worse Before It Gets Better

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Stock Market update -Mar 13th

The market rallied on Friday, taking out the high from the previous week, with the SPX closing over 2000. Oil continued to rise. Bonds dropped. Gold dropped on Friday.

Looks like this rally could continue a while longer into the end of the quarter, maybe up to around 2060 on the SPX.


New all time highs:    CPB, DG, GIS, HPE, NDAQ, PM, SMG, SYY, TSN, ULTA, XRAY
All time lows:  ...
Pops:       Drops:   
Mergers/Deals:   

Next week:  Economic reports,  Fed meeting, Options & Futures Expiration -3rd Qtr
Earnings:         ORCL on Tue   

This week's charts:


Links...
S&P 500 -powerful rally!
Gold dropped a bit, closing near 1251
The 30 year Bond dropped, closing near 161.03
The US Dollar dropped,  closing near 96.20

NEWS:
Stocks surge more than 1% to post 4-week win streak
We are Going Higher in the SP 500 Index (Video)
Market Preview, Big Week
Facebook Gearing up to Overtake Google in Video
Yahoo to slash jobs and close web properties in major turnaround plan
Stocks Make the Move: Hedging Strategies for Longs in E-minis, Crude Oil and Gold


Posted by 123Trader 0 comments

Stock Market update -Mar 6th

The rally continued this week, blowing right past the 50MA, catching many bears by surprise! In my opinion though, the 'new all time high' list doesn't really show any of the true leaders, so we'll see how long it lasts. Options expiration in March could end up with the S&P 500 surprising everyone to the up-side, and with Bonds surprising to the down-side! No one knows, but being aware helps to position yourself...

Gold continued to rally, as did Oil. Bonds were down.
Gold equities in a 6 week rally (GDX, GDXJ, and individual stocks) -might be ready to take a break?


New all time highs:    GIS, NDAQ, NLSN, RAI, SWHC, SYY
All time lows:  ...
Pops:   CHK, HPE    Drops:   
Mergers/Deals:   

Next week:  Economic reports, 
Earnings:          DG, SHAK, LOCO  

This week's charts:


Links...
S&P 500 -powerful rally!
Gold was up again, closing near 1260
The 30 year Bond dropped, closing near 162.37
The US Dollar mostly flat,  closing near 97.23

NEWS:
Dow closes at 2-month high after jobs
Saut: Look for stocks to march higher
Weekend Reading: Is The Bear Market Over Already?
Investing like a billionaire has never been easier — or harder
Cramer: Untangling the IRA, 401(k) Roth mystery
Cramer: What made the bulls run like crazy

Facebook now among the top 20 most widely held stocks
Apple's slide has already begun
Sports Authority is bankrupt and closing 140 stores
Gold rebounds on weaker equities, shrugs off U.S. data
Gold futures just marked the best start to a calendar year—ever
BlackRock Suspends ETF Issuance Due To "Surging Demand For Gold"
China tries to reassure on economy, cuts growth target

Posted by 123Trader 0 comments

Stock Market update -Feb 28th

The rally continued this week, putting us now at a prior resistance level, so we'll have to see if it breaks through or turns back down.

We got a nice bounce in Gold equities, as well as some commodities. Natural Gas is flirting with the lows. Bonds dropped a bit. Some more earnings next week, and we have the Jobs report on Friday which could move markets...


New all time highs:    CBP, EW, EL, DPZ, FISV, NDAQ, RSG, KMB,  
All time lows:  ...
Pops:   BIDU CRM JCP HLF    Drops:  WTW 
Mergers/Deals:   

Next week:  Economic reports, Monthly Jobs report on Friday
Earnings:            
MON - 
TUE - DLTR
WED -COST
THU -AMBA
FRI -SPLS

This week's charts:


S&P 500 -will this bounce hold?
Gold dropped a bit, closing near 1220
The 30 year Bond dropped a bit, closing near 165.62
The US Dollar was up again,  closing near 98.13

NEWS:
Stocks end mixed but higher for week; transports post 6-week win streak
Stuff Keeps Getting Cheaper

This is why Apple is at war with the feds
Apple is done, say teens
Trade of Decade or Value Trap? Emerging Markets Debate Heats Up

Posted by 123Trader 0 comments
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