US - Market Direction 42 (May 18 - Dec 19)

Re: US - Market Direction 42 (May 18 - Dec 19)

Postby winston » Tue Jul 30, 2019 2:33 pm

Is the stock market set up for another late-year nose dive?

By Chris Matthews

The market is having its best year-to-date run in more than 20 years

Source: Market Watch

https://www.marketwatch.com/story/is-th ... yptr=yahoo
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Re: US - Market Direction 42 (May 18 - Dec 19)

Postby behappyalways » Sat Aug 03, 2019 6:49 pm

Opinion: Here’s the real reason U.S. stocks are losing ground right now
https://www.marketwatch.com/story/heres ... o_homepage
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Re: US - Market Direction 42 (May 18 - Dec 19)

Postby winston » Mon Aug 05, 2019 10:31 pm

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Twitter (TWTR)... social media
New York Times (NYT)... media
RingCentral (RNG)... cloud-based communications
Fiserv (FISV)... financial-services technology
Medtronic (MDT)... medical technology
ResMed (RMD)... medical devices
Chemed (CHE)... in-home care
D.R. Horton (DHI)... homebuilder
Taylor Morrison Home (TMHC)... homebuilder
Sherwin-Williams (SHW)... paints and sealants
Extra Space Storage (EXR)... self-storage
Avon Products (AVP)... beauty supplies
Nestlé (NSRGY)... snacks and chocolate
Ball (BLL)... aluminum cans, satellites
Carlisle (CSL)... roofing materials, aerospace solutions
Mercury Systems (MRCY)... "offense" contractors
Leidos (LDOS)... "offense" contractors
Osisko Gold Royalties (OR)... junior gold miner
Alamos Gold (AGI)... junior gold miner
Union Pacific (UNP)... railroads
Atmos Energy (ATO)... natural gas distributor
Enphase Energy (ENPH)... solar power

NEW LOWS OF NOTE LAST WEEK

Fitbit (FIT)... fad stock
Spirit Airlines (SAVE)... airline
Peabody Energy (BTU)... coal
Arch Coal (ARCH)... coal

Source: Daily Wealth
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Re: US - Market Direction 42 (May 18 - Dec 19)

Postby winston » Wed Aug 07, 2019 12:06 pm

‘Not yet over’ — stocks have further to fall before the selling subsides, say chart analysts

by Thomas Franck

KEY POINTS

Several chart strategists are pointing out that while the market has dropped sharply over the past few days, it still has a long way to go before a sustainable bottom can be reached.

The S&P 500 has nose-dived more than 6% since reaching a record high last month as the U.S.-China trade war intensified.

The sharp drop pushed the broad market index through key technical support levels and dented a massive year-to-date rally in stocks.

“This is a corrective phase in an upward trend that’s not yet over,” says John Roque of Wolfe Research.

Source: CNBC

https://www.cnbc.com/2019/08/06/not-yet ... lysts.html
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Re: US - Market Direction 42 (May 18 - Dec 19)

Postby winston » Wed Aug 07, 2019 12:07 pm

Nomura: A second market sell-off could be ‘Lehman-like’

by Yun Li

KEY POINTS

“At this point, we think it would be a mistake to dismiss the possibility of a Lehman-like shock as a mere tail risk,” says Nomura strategist Masanari Takada.

Nomura’s propriety sentiment data shows a “deterioration in supply demand for equities and a sharp downward break in fundamentals” among big players in the market like hedge funds.

The market plunge could arrive as soon as late August, Nomura predicted, as trend-following algo traders still have many bullish trades to unwind.

“We would add here that the second wave may well hit harder than the first, like an aftershock that eclipses the initial earthquake,” the strategist said.

Source: CNBC

https://www.cnbc.com/2019/08/06/nomura- ... -like.html
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Re: US - Market Direction 42 (May 18 - Dec 19)

Postby winston » Mon Aug 12, 2019 8:27 pm

NEW HIGHS OF NOTE LAST WEEK

Franco-Nevada (FNV)... gold royalties
Agnico Eagle Mines (AEM)... gold
AngloGold Ashanti (AU)... gold
NovaGold Resources (NG)... gold
Yamana Gold (AUY)... gold
Roku (ROKU)... streaming devices
Match (MTCH)... digital matchmaker
Shopify (SHOP)... online stores
CME Group (CME)... derivatives
Chubb (CB)... insurance
Alleghany (Y)... insurance
Assurant (AIZ)... insurance
Extra Space Storage (EXR)... self-storage
Public Storage (PSA)... self-storage
National Storage Affiliates Trust (NSA)... self-storage REIT
Hershey (HSY)... snacks and chocolate
Nestlé (NSRGY)... snacks and chocolate
McDonald's (MCD)... burgers and fries
Shake Shack (SHAK)... burgers and fries
Boston Beer (SAM)... beer and seltzer

NEW LOWS OF NOTE LAST WEEK

Sturm, Ruger (RGR)... guns
AbbVie (ABBV)... pharmaceuticals
Pfizer (PFE)... pharmaceuticals
Fitbit (FIT)... "cocktail-party stock"
iHeartMedia (IHRT)... broadcast radio
EOG Resources (EOG)... oil and gas

Source: Daily Wealth
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Re: US - Market Direction 42 (May 18 - Dec 19)

Postby winston » Tue Aug 13, 2019 7:23 pm

Why We Might Already Be in a Bear Market

Morgan Stanley says that we are in the midst of a cyclical bear market.

Most major global stock indices are down significantly from their highs.

Most U.S. stocks also are down from their own highs.

Deteriorating economic fundamentals are sending profits down.

Looking at U.S. stocks, the report observes that both the small cap S&P 600 and the mid cap S&P 400 have not reached new highs in 2019, and that both are down by more than 10% from their previous highs set in Sept. 2018.

Additionally, only 5 of the 11 S&P 500 sectors have set new highs in 2019, and 3 of those are defensives: utilities, consumer staples, and REITs.

The other two are information technology and consumer discretionary, the latter's performance skewed by the inclusion of Amazon.com Inc. (AMZN), "more a technological disrupter than a good read on the consumer."


Source: Investopedia

https://finance.yahoo.com/m/2abf7ad0-59 ... -in-a.html
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Re: US - Market Direction 42 (May 18 - Dec 19)

Postby winston » Mon Aug 19, 2019 8:13 am

2 Critical Things to Know About This Market

Number 1 - The technicals are screaming that the rope in this tug of war could break soon and the winner will drag the market in their direction in a big way. The last downtrend that pulled the 20 day moving average on the Dow below the 50 day, doubled the drop. This just happened again last week and we are looking at a further slide.

Number 2 - The 10 year yield dropped below the 2 year yield for the first time since 2007. A lot of analysts took this as a clear omen but some weren’t convinced. This carries a little more gravity than other recent moves based on shorter term news (trade talks, interest rates) but is a longer term indicator and doesn’t mean everything will drop tomorrow. This was indicated by an up day on Friday.

Source: Tradewins
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