$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 ended just in The Green Tuesday as gains in tech-related shares offset fresh worries about the impact of the US China trade dispute on earnings and the Fed on interest rates. USTR Lighthizer and Treasury Secretary Mnuchin spoke to China’s Vice Premier Liu He Tuesday. Market reaction […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $USD, $XAU, $GLD, $VXX Total CPI increased 0.1%, as expected, as did core CPI, which excludes food and energy prices. The monthly changes left the Y-Y readings at 1.8% and 2.0%, respectively, versus 2.0% and 2.1% for the 12 months ending in April. The Key takeaway from the report is […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Cash is King for investors heading into Summer Increasing a cash buffer is typical during times of economic and geopolitical uncertainty. But data from global wealth managers show that stashing cash has continued at unusually high rates even as global stocks have rallied this year on conflicting signals […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 held the 2900 mark at the close President Trump commemorated Earth Day with a message that included nods to “historic economic and job growth,” but made no mention of climate change. “Environmental protection and economic prosperity go hand in hand,” President Trump said in a statement issued […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Semiconductor stocks outperformed following some positive industry indications, Chip Index at record highs US- China trade talks resumed in Washington and the Financial Times reported a final trade deal is nearly done, enforcement a working issue Positive non-manufacturing PMI data out of China and Europe US stocks finished higher Wednesday, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Fake News: reports of canceled trading meeting with Chinese officials untrue, there was No meeting planed to cancel. “The big meeting that everyone’s moving towards will be Vice Premier Liu He is coming at the end of the month, as I think everybody knows. That will be a very important […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Stocks paused to refresh Friday after being up 10.4% since Christmas Eve, earnings season begins in earnest next week, Analysts have been very negative ahead of this coming reporting frame. Earnings reports start next week with results from the big banks. And the warnings have been the most dire in […]
$VXX Stock traders hammered by the worst sell-off since the global financial crisis of Y 2008 absorb another blast of volatility Friday when futures and options on indexes and individual stocks expired. The event known as “ Quadruple witching” takes place every Quarter. Typically it coincides with the re-balancing of the S&P 500 Index, spurring […]
Wall Street Bets Yes, President Trump’s America First Policy Working $DIA, $SPY, $QQQ Friday, US stocks rose as investors bet on progress in US-China trade meeting Saturday, and the S&P 500 and the Nasdaq posted their biggest weekly percentage gains in almost 7 years. DJIA saw its largest weekly advancer in 2 years, as investors […]
Ferrari’s (NYSE:RACE) Stock Option Call Volume Surging $RACE Ferrari’s (NYSE:RACE) Call volume spiked Tuesday, with more than 4,800 contracts crossing, compared to a daily average of 667. The data say that more than 50% of that volume is for the February 2019 105-strike Call, where 1 player bought more than $2-M worth of options, about […]
Sell Off Overdone, Strong Buying Fuels Rally $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, US stocks spiked on oversold technicals giving the NAS Comp its biggest daily percentage gainer since March, as Microsoft’s (NASDAQ:MSFT) upbeat earnings fueled strong buying in tech names and investors bought up oversold shares. Traders said investors bargain-hunted Thursday after the market’s […]
Many US Industries Will Thrive During Trade Tensions $DIA, $SPY, $QQQ, $RUTX,$ VXX Several US industries are set to withstand the trade dust-up or even thrive, according to US financial services firm Cowen and Company. China’s recent revisions to tariffs have a clear benefit to luxury retailers, Cowen analysts said in its report. While the […]
US Markets are Comfortable, Now Focused on Earnings $DIA, $SPY, $QQQ, $RUTX, $VXX Carry-over momentum from S&P 500 breakout last Thursday drives stocks higher for 3rd session running Top-weighted tech group under-performs, keeping gainers in check Cyclical financials, industrials, and energy groups soar Traders satisfied the President Trump is focused on the business of America […]
Cryptocurrencies Plus $40-B in 2 Days $BTC, $ETH Cryptocurrency investors continue to hope that the worst days for the industry are behind them. After several months of general decliners of very rough performance, several of the Top digital tokens climbed by a sizable margin in the past few days. Notably, over a 48-hr frame in the 1st […]
Bitcoin (BTCUSD) Traded Flat on the Day $BTCUSD,$SQ, $IBM, $MSFT, $AMZN, $ORCL Monday, Bitcoin continued traded near and around $6,500 in a low-volume session. Total 24-hr trading volume was only at about $3.4-B into Monday afternoon, marking a 4th-straight day that volume hasn’t topped $4-B. Currently, Bitcoin is trading at 6,709.9951,+268.18, or +4.16%, as of 5:59a […]
US Labor Market Tightens, Jobless Claims Fall $DIA, $SPY, $QQQ, $RUTX, $VXX The number of Americans filing for unemployment benefits fell last week, pointing to a further tightening in labor market conditions. The robust US labor market and firming inflation have cemented expectations the Fed will raise interest rates next week at the FOMC meeting. […]
Production ‘Hell’ Continues at Tesla (NASDAQ:TSLA) Factory to Shut for Fixes $TSLA Tesla Inc. (NASDAQ:TSLA) will halt production at its California factory for 6 days at the end of the May to work on fixes to its assembly line for its new M-3 sedan. The fledgling California EV maker previously warned of 10 days of […]
Bitcoin Marks 6-wk Highs on Bullish Sentiment $BTCUSD Bitcoin (BTCUSD) marked 6-wk highs Tuesday on Bullish headlines that included the possible entry of major financial institutions into the nascent asset sector, boosting sentiment on the overall cryptocurrency market. The world’s largest cryptocurrency gained after a 50% Fibo correction in Q-1 of this year, following a […]
The US 10yr Yield is the Global Benchmark, Do Not Fear It $DIA, $SPY, $QQQ, $VXX Growth-sensitive groups like industrials, materials, and technology lead the broad retreat Tuesday At the close: the DJIA -424 pts, or 1.7%, at 24,024, the S&P 500 -36 pts, or 1.3%, at 2,6234, and the NAS Comp -121 pts, or […]
US Businesses Now Open to Hiring More Than 6-M Workers $DIA, $SPY, $QQQ, $VXX US employers ramped up their demand for workers in January, advertising 6.3-M jobs at the end of the month, the most on records dating back 17 years. The Labor Department says the number of job opening soared 645,000 in January, the largest 1-month […]
Forex Traders Embrace the SmartPhone Era $USD, $JPY, $EUR, $GBP, $CNY The world’s biggest financial market, Forex, is embracing the SmartPhone era as investors find new ways to work when they are not on the trading floor. In a JPMorgan Chase & Co. (NYSE:JPM) survey of more than 400 institutional Fx, interest rates and commodities […]
Red Hot Bitcoin 24/7 Market Exposes Soft ‘Underbelly’ $BTCUSD ,$CBOE, $CME Bitcoin price: 16,674.0449, -495.961, or -2.89%, as of 5:55a GMT, Market Open. Tuesday, Bitcoin raced to another record high, as 1 of the biggest providers of digital currency wallets, Coinbase, crashed under the weight of traffic, leaving many of its more than 10-M customers unable […]
There is No Chance the US Debt Limit will Not be Raised $DIA, $SPY, $QQQ, $VXX US Senate Majority Leader Mitch McConnell said there is “Zero chance” Congress will allow the country to default on its debt by voting to not increase the borrowing limit. Senator McConnell’s comments came Monday during a joint appearance in […]
The DJIA Has Been Moving from 1 New All-time High to Another $DIA, $GLD, $VXX The last article I sent out was on the weekend of July 15, and since then the DJIA has seen 10 new all-time highs. In fact, since July 11 the Dow Jones Industrial Average has increased from 21,409.07 to 22,092.81 […]
The Trump Rally Extends, DJIA Marks Its 8th Straight Record High $DIA, $SPY, $QQQ, $VXX The DJIA (Dow Jones Industrial Average) ended on its 8th straight record high Friday, with gains in banks after the NFPs data showed US employers hired more workers than expected in July. The strong jobs report may help clear the […]
Ferrari (NYSE:RACE) Confirms an FUV Under Consideration $RACE Ferrari (NYSE:RACE) Chairman Sergio Marchionne has confirmed the Italian firm is looking at a high-performance vehicle (FUV) that offers some utility. If the vehicle is given the Green Light, may see it around Y 2021. Ferrari has not made a final ruling on an FUV, but expect […]
NAS Comp Marked Record Highs on Netflix ‘Spike’ $DIA, $SPY, $QQQ, $VXX, $NFLX, $GS A spike in Netflix(NASDAQ:NFLX) boosted the NAS Comp (QQQ) to a record high close Tuesday, while Goldman Sachs Group (NYSE:GS) pushed DJIA South as earnings take center stage on Wall Street. The NAS posted its 8 consecutive session of gainers, the […]
Trump Rally Extends, Inflation Under Control In The US $DIA, $SPY, $QQQ, $VXX Lower costs for gas, airline tickets, new & used cars and wireless mobile phone plans kept US consumer prices flat in June. US inflation is still muted. The unchanged reading followed a drop of 0.1% in May, the US Labor Department said […]
Fed Chairwoman Gets Investors Attention Again $DIA, $SPY, $QQQ, $VXX The focus Thursday was Fed Chairwoman Yellen’s testimony before the US Congress as the market posted another record close. Wednesday’s testimony confirmed this year’s next rate hike/s and QE policy tightening process that the market expected, but the discussions about the longer-term Neutral rate of […]
US Durable Goods Data Indicates Increased Business Spending $DIA, $SPY, $QQQ, $VXX New orders for Key US-made capital goods rose less than expected in March, but a 2nd straight monthly increase in shipments suggested business investment accelerated in Q-1 behind a recovering energy sector. While other data relieved Thursday showed a bigger-than-expected increase in 1st-time […]
The Trump Effect: American Consumer Sentiment “Sunny” $DIA, $SPY, $QQQ, $VXX US Consumer Sentiment rose in March as Americans registered “Sunnier” views about the state of their finances while becoming less upbeat about the long-term economic outlook, University of Michigan (MSI) survey data showed Friday. Key Points are as follows: Final sentiment index rose to […]
Investors Putting Record Amounts of Cash into ETFs $DIA, $SPY, $QQQ, $VXX Mom & Pop, aka retail investors are start buying shares, and with passive investing strategies becoming more popular than active fund management, ETFs (exchange-traded funds) are seeing record inflows of cash from people seeking to join in on the rally since Donald Trump won […]
CBOE Holdings, Inc. (NASDAQ: CBOE) today reported February monthly trading volume and average revenue per contract (RPC) data on its website under the Quotes & Data section. The data sheet “CBOE Holdings Monthly Volume & RPC Report” contains a complete overview of February trading volume for Chicago Board Options Exchange® (CBOE®), C2 Options Exchange (C2) […]
Trump Rally Extends, ‘Sidelined’ Money Coming Back In $DIA, $SPY, $QQQ, $VXX All 3 indexes posted all-time highs, and all 11 major S&P sectors finished higher on the day US stocks rose to new record highs Tuesday, boosted by strong earnings reports from Wal-Mart and other retailers and continued optimism about the economic agenda of President […]
Trump Rally Extends, Driving S&P 500 Market Value to $20-T + $DIA, $SPY, $QQQ, $VXX America First taking a firm hold on the business and consumer sentiment nation wide. Monday, the major US stock indexes hit record highs, with the benchmark S&P 500’s market value topping $20-T as investors see tax cuts promised by President Donald Trump coming […]
US Stocks Finished Flat to Unchanged Wednesday $DIA, $SPY, $QQQ, $VXX The major US averages finished Wednesday’s session flat to unchanged, as the S&P 500 (+0.1%) and the NAS Comp (+0.2%) closed with modest gains while the DJIA (-0.2%) under-performed. Black Gold finished 0.3% higher at 52.36 bbl after seeing solid losses during the overnight […]
Dubai’s DP World says Europe, India, Turkey to Lead Growth in 2017 The operator said market conditions were “challenging”, particularly at its flagship Jebel Ali Port in Dubai Ports operator DP World said Tuesday it expected Y 2017 growth to be driven by new developments in the Netherlands, India, Britain and Turkey after reporting a […]
US Pending Home Sale Up +1.6% in December $DIA, $SPY, $QQQ, $VXX More Americans signed contracts to buy homes in December. The increase possibly reflects more people scrambling to purchase homes as mortgage rates have been rising and increasing the costs of ownership. The National Association of Realtors (NAR) said Monday that its seasonally adjusted […]
US Markets Finish Higher on Trump Inauguration $DIA, $SPY, $QQQ, $VXX Friday, US stocks edged higher in afternoon trading, on course to recoup most of the market’s losses from Thursday The rebound came about as investors weighed Donald Trump’s swearing in as the 45th President of the United States and the latest company earnings reports. […]
LTN’s Feature Stock of the Day: Starbucks Corp (NASDAQ:SBUX) $SBUX Starbucks Corporation, (NASDAQ: SBUX) has a market cap of 83710.81, it is in the Specialty Eateries and Services sector The HQ is Seattle, Washington, USA, and was 1 st put on the stock market on the IPO 26 June 1992. Starbucks Corporation’s price at the close […]
US Home Construction Dove in November, Stocks Flat on High Volume $DIA, $SPY, $QQQ, $VXX New-home construction in the US fell more than forecast in November after surging a month earlier to a 9-year high, indicating fitful progress in residential real estate. Residential starts slumped 18.7% to a 1.09-M annualized rate last month after rising […]
The Trump Rally Extends, DJIA at Record Highs $DIA, $SPY, $QQQ, $VXX The Big Q: Why did the market rally like it did? The Big A: the Bullish price action centered around the following Key factors: Short-covering activity Momentum as traders chased gains that few people expected Strong leadership from the financial and healthcare sectors, […]
Gloom on Wall Street, Lower Crude Oil Prices Hit Stocks Globally $DIA, $SPY, $QQQ, $VXX Global stock markets fell Wednesday after some disappointing earnings reports and as a drop in Crude Oil prices dragged down shares in energy companies. The FTSE 100 of Britain dropped 1% to 6,949 while Germany’s DAX fell 1% as well, […]
The US Economy is Fragile and Anemic in the Extreme $DIA, $SPY, $QQQ, $VXX If we were to believe US President Barack Hussein Obama and the Democrats nominee Hillary Clinton, the US economy is in great shape and safe from another financial crisis. And more liberal policies to better distribute the benefits would deliver Americans […]
Apple Inc.(NASDAQ:AAPL) Trending Above Average Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 121.43. The projected lower bound is: 113.76. The projected closing price is: 117.60. Candlesticks A black body occurred […]
Gold Outlook: Do Not See Fed Interest Rate Increase in 2016 $GLD A US Fed interest-rate increase this year should not shake investors’ faith in Gold, according to Australia’s 2nd-largest producer. Bullion is trading near the lowest level in more than 3 months. Prices fell on speculative worries that central banks are ready to curb […]
Procter & Gamble (NYSE:PG) Bulls Push this Stock Higher Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 85.46. The projected upper bound is: 91.12. The projected lower bound is: 86.72. The projected closing price is: 88.92. […]
Qatar Stock Exchange Introduces Margin Trading The initiative primarily aims to boost liquidity in the market The Qatar Stock Exchange will introduce margin trading this week in an effort to boost liquidity on the bourse, its CEO said Monday. Group Securities, a brokerage firm, will be allowed to execute margin trades beginning Thursday. “This initiative […]
Frontier Communications (NASDAQ:FTRPR) Possible Correction Towards 93.94 Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 93.94. The projected upper bound is: 88.50. The projected lower bound […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Beginning mid-afternoon Thursday and into the close Friday participants saw 1st hand the power of the of Wall Street when it moves the market South, as over 1-B/shares were exchanged on the NYSE. If there is a bounce early this week it has hold in […]
Wall Street Review, Stocks and Bonds Dive $DIA, $SPY, $QQQ The S&P 500 spent the 1st 4 days of the week ranged in quiet trade, but Friday’s Wall Street sell off pressured the index below its 50-Day MA at 2164.0 for the 1st time since early July. The benchmark index lost 2.4% for the week, […]
Fed’s ‘Beige-Book, “US Economy Has Slowed” $DIA, $SPY, $QQQ, $VXX The economy grew at a slowed pace this past Summer in 8 of the Federal Reserve’s 12 US districts, a slowdown from prior reports that will make US Fed policymakers cautious about an interest rate hike anytime soon. The Fed’s ‘Beige Book’ survey of business […]
Huge National Debt “Blunts” Prospect for US Economic Growth $DIA, $SPY, $QQQ, $VXX “Be warned, The steady stream of federal red ink is getting to be a deeper shade of Red.”– Barron’s As increases in annual US budget gap add to national debt, blunt prospects for economic growth, and bode badly for America’s financial future. […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The the US stock market has trended higher on the recent economic data but over the past 7 weeks has not made a significant break higher on S&P 500, DJIA, 5 weeks on the NAS. SOX has been the leader with a steady, slow, move up […]
China South City Holdings (HKG:1668) Prices to Stabilize in the Short Term Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 1.60. The projected upper bound is: […]
US Stock Market Update for Early August $DIA, $SPY, $QQQ, $VXX, $GLD, $SLV, $XAU The last all-time high for the DJIA (BEV Zero in the chart below) was a few weeks ago on July 20th. As per the table on the chart, the Dow Jones ended the week not far from making another. It could […]
US Stocks Extend Momentum Rally to Fresh All Time Highs $DIA, $SPY, $QQQ, $VXX US stocks extended to fresh all-time highs, with the S&P 500 Index marking its longest winning streak in 4 months, as speculation grew for looser global monetary (stimulus) policies while a better-than-forecast profit from JPMorgan Chase & Co. (NYSE:JPM) boosted optimism […]
The S&P 500 Closed Out its 3rd Straight Quarter in the Green $DIA, $SPY, $QQQ, $VXX, $HSY, $MDLZ Wall Street marked a 3rd straight day of gainers Thursday as the BOE raised the prospect of a Summer stimulus and consumer staples shares rose on news of Mondelez International’s (NASDAQ:MDLZ) $23-B bid for Hershey (NYSE:HSY). The […]
30 More Company Stocks Join S&P’s 52 Wk Low Club $DIA, $SPY, $QQQ, $VXX Wall Street stock indexes extended the fall for their worst 2-day decliner in about 10 months. The 3 major market indexes fell at least 1.5% in the wake of Thursday’s UK referendum that has roiled global markets and led investors to […]
The Fed Policy Makers are Fighting for Their Lives Something interesting happened the Friday (Quad Witching) before Brexit; trading volume exploded on a decline in the Dow Jones. In the BEV chart below I inserted the daily trading volume (mils) for the Dow Jones instead of the usual BEV values to highlight what happened. It […]
Commentary: Paul Ebeling on Wall Street, Bulls Vs Bears, Support & Resistance $DIA, $SPY, $QQQ, $VXX The near term stock market picture is more indices starting to show wear, tear and threatening a break lower similar to NAS & SOX. DJJIA and RUTX started to crack their 50-Day MA’s just as SOX and NAS did […]
Weak US Jobs Data Blows Fed’s Rate Hike Plans Out of the Water $DIA, $SPY, $QQQ, $VXX, $GLD Gold had the biggest gainer in a week after US employers added the fewest workers in 7 months, weakening the case for the US Fed to raise interest rates anytime soon. The 160-K gain in NFPs in […]
Bull Exhausted, Will Soon Lay Down, Savvy Money Turns to Gold $DIA, $SPY, $QQQ, $GLD, $VXX Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, says the Bull market has “exhausted itself” and that Gold is his largest currency allocation. Mr. Druckenmiller, speaking at the Sohn Investment Conference […]
Inflation Rate Anemic, US GDP Anemic, Fed Rate Hikes Questionable $DIA, $SPY, $QQQ, $VXX US inflation barely rose in March on soft consumer spending , making it less likely that the US Fed will be able to hike interest rates 2X this year. The US Commerce Department said Friday the PCE (personal consumption expenditures) price […]
FOMC Keeps Threat of Interest Rate Hike “In the Mix” $DIA, $SPY, $QQQ, $VXX Wednesday afternoon, the US Fed kept interest rates unchanged, and indicated their confidence in the anemic US economy, thus keeping the door open to a hike in June. The FOMC said the labor market had improved despite a recent economic slowdown […]
Mark J. Lundeen on “The Relationship Between the Stock and Precious Metals Markets” $DIA, $SPY, $GLD, $SLV I intended taking a few weeks off from stock and metals markets’s vigilance. However as the DJIA closed the week up only 1.69%, just 300 pts from making a new all-time high, I was motivated to make a […]