Pretty boring market so far this year; mostly down last week: averages, breadth, new highs/lows. Even the $ dropped, with Trump's thoughts of weakening it for the country's benefit. This, of course, strengthens gold, which has dropped...Show More Summary
Congrats to Jim Gorman on a strong quarter...wait, really?
The SPDR Dow Jones Industrial Average ETF (DIA) is rolling in cash. Citing data from XTF, The Wall Street Journal reports that the Dow-tracking exchange-traded fund attracted $811 million in new money over the past week, a sum that exceeds every other ETFs on the market.
Broad Equity Market Tone: Advance/Decline Line: Lower Sector Performance: Mixed Volume: Below Average Market Leading Stocks: Performing In Line Equity Investor Angst: Volatility(VIX) 1 2.07 +4.59 % Euro/Yen Carry Return Index 1 26.85...Show More Summary
Boeing had a rough yet eventful centennial year. A slowing commercial airplane market and low oil prices led to the lowest order tally in close to six years. This hit revenues throughout the year, as did unprecedented costs arising in some of the its programs.
It’s a down day for oil services stocks. Thanks to falling oil prices and a fourth quarter earnings report from Halliburton (HAL), shares of the VanEck Vectors Oil Services ETF (OIH) have fallen more than 2.5% in recent market action. Halliburton led the charge. Show More Summary
Bloomberg: China Stock Trading Most Muted Since 1992 as State Tightens Grip. Chinese stocks haven’t been so subdued since 1992 as government efforts to maintain stability as well as tightening liquidity deter traders. A gauge of 90-day...Show More Summary
This time on FS Insider, we spoke with Martin Armstrong of Armstrong Economics, a widely-followed market strategist, forecaster, historian, and creator of the popular Economic Confidence Model, which is also sometimes referred to as the Pi Cycle. Armstrong is noted for...
The inverse is also true.
I came across an interesting data set for stock market performance for incoming Presidents of the United States. In their initial month, the results might be described as underwhelming. Upon the November election of Trump, investor hope reigned supreme on everything from corporate tax reduction to...
As my colleague Ben Levisohn wrote earlier today, the bulls and the bears are doing battle over General Electric (GE) following mixed earnings results released Friday. But with the shares down 2.9% today, the stock’s bad fortune is dragging...Show More Summary
2017 Momentum Has Been Waning The S&P 500 has been treading water for six weeks, which means bullish momentum has been getting weaker and weaker. Given what we know as of January 23, what are the odds the S&P 500 plunges this week in a manner similar to the 2011 plunge shown below? Yellow Flags Typically [...]
Style Underperformer: Large-Cap Value -.6 % Sector Underperformers: 1) Oil Service -2.3 % 2) Airlines - 2.3 % 3) Hospitals -1.6 % Stocks Falling on Unusual Volume: QCOM, BANC, FNSR, KRNT, TRGP, WBAI, WATT, SFM, AZO, EMES, TERP and HAL...Show More Summary
If sea levels keep rising, every sports team will be relocating to deserts.
The Dow Jones had a great year in 2016. The leading index delivered a price return of 14% and paid a dividend yield of 2.7% for a total return of almost 17%. Any way you look at it that is an
Crude oil futures are falling today as OPEC’s faster-than-expected output cuts have failed to douse worries about rising U.S. production. But analysts at UBS quoted by CNBC earlier today argued that supply and demand within the global oil market will rebalance in the first quarter of 2017, ahead of the second quarter timeline they initially expected.
Style Outperformer: Large-Cap Growth -.2% Sector Outperformers: 1) Gold & Silver +2.4 % 2) Steel +.9 % 3) Telecom +.6 % Stocks Rising on Unusual Volume: CYNO, GLBS, TCX, SWIR, SWKS, TGH, LPL, WAT, OLED, CSX, SSL, DISH, GNK, KATE andShow More Summary
Don’t presume the worst about Apple’s (AAPL) suit against Qualcomm (QCOM), advises Morgan Stanley’s James Faucette in a note to clients this morning — these things historically have had little impact, in his view. Shares of QualcommShow More Summary
We have often written that when everyone is asking the same question, it is usually the wrong question. However, I have also found the converse to be quite true – if no one is asking a question, it is probably one that you want to.....
Stop what you’re doing and look at the trading range. Now. Take off all indicators and focus on price. We’re still trading within a clear range – no breakout yet – and today’s action fits perfectly in that context. Here’s today’s updated Emini (@ES) trading levels for your trades: We continue to see price – as planned [...]