Stock Market update -May 29th

The market rocketed up this week, with no real news behind the rally. Looks like it could be headed to the previous all-time high -I'd be careful though after this extended run, on very light volume. Next week we have the monthly Jobs report on Friday. Markets are closed on Monday.

Crude Oil is now approaching $50, Gold is sinking toward $1200 (buying opportunity?), and Bonds are mostly unchanged. The VIX continues to drop, a contrarian signal that we might soon see a reversal in the S&P500  rally.




DG, DLTR, ULTA popped on earnings
PANW dropped on earnings

New all time highs:  ATVI, DLTR, DG, IT, LOW, ULTA
All time lows:  
Mergers/Deals:  

Next week:  Economic reports,   ** Monthly Jobs report on Friday **
Earnings:      AVGO, CRM, KORS, MDT, 

This week's charts:


A look at the performance of some DOW stocks
AAPL getting beat by the likes of DD and GE!


Links...
S&P 500 -down trend reversed
Gold dropped again, closing near 1215
The 30 year Bond dropped a bit, closing near 164.03
The US Dollar was up a bit, closing near 95.72

NEWS:
Stocks close higher after Yellen; Dow, S&P post best week since March
Cramer's game plan: All eyes on employment, Fed could pull the trigger
Bond ETFs Test Key Levels (HYG, SHY)
Google beats Oracle in $9 billion Android trial
Why Alphabet May Beat Amazon in the Race to a $1,000 Stock
Palo Alto Earnings Beat Not Enough for Investors
Hewlett-Packard's Slow, Sad Breakup
Two more Twitter executives — in charge of media, commerce and biz dev — are leaving the company

Why I Bought a Chromebook Instead of a Mac
One million Android apps are coming to Chromebooks
Microsoft cuts another 1,850 jobs, takes $950 million charge in its phone hardware business
Are We Actually in a Bear Market? These Charts Show Why
The Federal Reserve's $4.3 trillion ticking time bomb

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Stock Market update -May 22nd

The market pulled back again this week, continuing the downtrend that started in mid-April. What to do? Short term traders follow the trend, while long term investors hold on or stand aside, since the market stopped moving up last summer, and seems to be building a longer term down-trend (just look at a 5 year chart).

Bonds pulled back a bit on rising Interest rate concerns -courtesy of the Fed. Oil continued to move up, while Gold dropped a bit and seems to be consolidating in this range.

Monthly Options expiration was on Friday -time to put on some new positions maybe.

WMT and AMAT popped on earnings,
CPB, DE, HRL, TGT dropped


New all time highs:  CHTR, CB, DHR, LOW, LLL, NVDA, WBMD
All time lows:  
Mergers/Deals:  Bayer makes unsolicited bid for Monsanto...
Staples' Merger With Office Depot Failed -- Should Its Investors Celebrate?

Next week:  Economic reports,   GDP report
Earnings:      AZO, BBY, DLTR, DG, HPE, PANW, ULTA,

This week's charts:


 No one's buying office supplies anymore??



Maybe everyone's buying Gold... the trend has reversed to the up side

Links...
S&P 500 -in a down trend
Gold dropped, closing near 1252
The 30 year Bond dropped, closing near 164.46
The US Dollar was up, closing near 95.29

NEWS:
Stocks close off highs; Dow posts first 4-week losing streak since 2014
Cramer Remix: My biggest worry for next week
Second half rally is coming - here's why: Technician
Recession Watch: Freight Volume Drops to Worst Level since 2010

I Hate My IPhone
Google I/O 2016: all the news from Google's huge event
Nearly $1 trillion in credit card debt good sign: Economist
The party is over for hedge funds. And the hangover could hurt


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Stock Market update -May 15th

The market tried to rally, but gave it up. 'Retailers' disappointed on earnings and helped to drag things down a bit, with a few more big companies reporting next week. We may be seeing a similar pattern unfold like it did last Nov-Dec. Bonds rallied...

AAPL broke down below a support level and closed near $90. If you use the charts as a guide, the next support level is around $80. It's been in a downtrend since the triple-top of early to mid last year!
Utilities (XLU) could be setting up for a double top...


New all time highs:  AFL, CB, CLX, NVDA, RSG, SWK, WM
All time lows:  GPRO, LC, INVN, SHLD
Pops:  MON, NVDA , Drops:    FOSL, JWN, KSS, M
Mergers/Deals:  Western Digital officially owns SanDisk

Next week:  Economic reports,   
Earnings:      CSCO, CRM, DE, HPE, HD, LOW, SPLS, TGT, WMT

This week's charts:


 Retailers broke support this week...



AAPL dropped down below support, while AMZN busted up through resistance!
Also, both are showing 'extremes' on the RSI, so maybe we'll get a reversal soon...



Are Bonds headed for a triple top??


Links...
S&P 500 -rally sputtering...
Gold dropped a bit, closing near 1274
The 30 year Bond was up again, closing near 166.75
The US Dollar was up, closing near 94.61

NEWS:
Forget the wall of worry! S&P will hit new highs: Strategist
TheStreet: Here's Why Valeant's Stock Is Heading Straight to Zero
Alphabet once again most valuable company over Apple as GOOG market cap overtakes AAPL
AAPL Stock: Is It Time to Ditch Apple Inc.
Why Apple Could Fall Another 11%...

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Stock Market update -May 8th

The market pulled back some more this week, touching the 50MA. The Jobs report on Friday was disappointing, but the market was up anyway. Bond prices have been creeping back up (lower interest rates), while Gold has been rallying. Earnings season is winding down now.


New all time highs:  MCD, SYY, ESRT, LMT, SPG, DLR
All time lows:  OCN, 
Pops:   , Drops:    , 
Mergers/Deals:  

Next week:  Economic reports,   
Earnings:       ARNA, AGN, DIS, EA,  SLW, TSN, TEVA, VRX, WYNN

This week's charts:


Dropped to the 50 MA...


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

Commodities/Futures (charts):
Natural Gas was almost flat, closing near 2.10
Crude Oil was flat, closing near 45.56
Gold dropped a bit, closing near 1282
The 30 year Bond was up again, closing near 164.90
The US Dollar was up, closing near 93.81

NEWS:
Sports Authority Will Likely Close All Locations, Leaving 14,500 People Without Jobs



Posted by 123Trader 8 comments

Stock Market update -May 1st

The market dropped a bit after disappointing earnings from AAPL and others, and big moves in the Dollar and the Yen. On the positive side, AMZN and FB reported great earnings. On Friday we get the monthly Jobs report. Also keep an eye on things in Japan with currency issues, and Puerto Rico's debt default. The GDP figure came in pretty week, but no one seemed to notice, or care!


New all time highs:  None! Many of the gold stocks are hitting 52 week highs though...
All time lows:  ...
Pops:   AMZN, FB     Drops:    AAPL, 
Mergers/Deals:  
Comcast to Buy DreamWorks for $3.8 Billion
Abbott Labs buys St. Jude Medical

Next week:  Economic reports,   
Earnings:         
MON:  
TUE:  PFE, 
WED:  TSLA
THU:  BABA, CHK, MRK
FRI:  

This week's charts:


Maybe that was the top...



Will AAPL fall thru support??

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

Commodities/Futures (charts):
Natural Gas was almost flat, closing near 2.14
Crude Oil was up again, closing near 45.99
Gold took off, closing near 1295
The 30 year Bond reversed course and was up, closing near 163.12
The US Dollar really dropped,  closing near 93.02
The Yen reversed back up!

NEWS:
Week in Review: Apple Becomes a Drag on Wall Street
Dollar set for worst week against yen since 2008
Facebook flies after pulverizing earnings expectations
Amazon Gets a Standing Ovation for its First-Quarter Performance
Chipotle Just Reported The Worst Quarter In Its History, but It Could Have Been Worse

Intel exits the smartphone & tablet market...
Microsoft Mobile Office App Usage Crushed by Google
Billionaire Icahn Exits Apple Stake After Three Years

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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

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