US - Market Direction 40 (May 17 - Feb 18)

Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Mon Jul 24, 2017 7:56 pm

NEW HIGHS OF NOTE LAST WEEK

Amazon (AMZN)... "FANG" stock
Netflix (NFLX)... "FANG" stock
Microsoft (MSFT)... Windows, Office, Xbox
Activision Blizzard (ATVI)... Call of Duty, Guitar Hero, World of Warcraft
The Priceline Group (PCLN)... Priceline.com, Rentalcars.com
PayPal (PYPL)... online payments
American Express (AXP)... credit cards
Mastercard (MA)... credit cards
Brink's (BCO)... money mover
Sotheby's (BID)... auctions
Coach (COH)... luxury purses
Carnival (CCL)... cruises
Live Nation Entertainment (LYV)... concerts
Madison Square Garden (MSG)... sports and entertainment
Constellation Brands (STZ)... Robert Mondavi, Corona
Boeing (BA)... airplanes
Fiat Chrysler Automobiles (FCAU)... cars and trucks
Cummins (CMI)... fuel engines and generators
Rockwell Automation (ROK)... industrial automation
Raytheon (RTN)... "offense" contractor
Lockheed Martin (LMT)... "offense" contractor
Century Aluminum (CENX)... aluminum
Waste Management (WM)... trash and recycling
NVR (NVR)... homebuilder
Aaron's (AAN)... rent-to-own furnishings
Stanley Black & Decker (SWK)... tools and storage
Becton Dickinson (BDX)... needles and syringes
Align Technology (ALGN)... Invisalign
Cigna (CI)... health insurance

NEW LOWS OF NOTE LAST WEEK

Snap (SNAP)... social-media app
AT&T (T)... telecom giant
Harley-Davidson (HOG)... motorcycles
Buffalo Wild Wings (BWLD)... wings, beer, sports
Williams-Sonoma (WSM)... home goods

Source: Daily Wealth
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Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Mon Jul 31, 2017 2:06 pm

MONDAY

Earnings are getting longer in the tooth and now AAPL comes next week to try and get the animal spirits back on track. The indices got a bit squirrely last week, reversed off of some new highs, but they did not roll over.

The rub: this past week there was the more vicious type of rotation, i.e. one area rises, one falls as money is yanked. That makes the market more of a zero sum game as the algos move money around.

Source: Investment House
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Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Mon Jul 31, 2017 2:18 pm

Charts

NASDAQ: Thursday NASDAQ gapped to a new high an then unceremoniously reversed. A bounce off the 20 day EMA closed it over the 10 day and out of harm's way, but Friday NASDAQ gapped lower again. Managed to recover to basically flat, even with the AMZN earnings issues. That leaves NASDAQ sitting on the June high as well. Got a bit squirrely around the new high, but that is also somewhat par for the course in these rallies.

SOX: Reversed Thursday at the recent lower highs. Managed to hold the 20 day EMA and showed a doji Friday right on the 20 day. Not leading the way for certain, but it is holding its own and trying to perhaps build an inverted head and shoulders.

SP500 also bucked some at a new high, but it is far from reversing, recovering nicely Thursday off the intraday weakness to hold the 10 day EMA and holding that level again Friday on light trade. Nothing really out of the norm here.

DJ30 is the index that shows the most comfort with success, hitting successive higher highs Wednesday through Friday. Decent volume as well. Not great, but it was very solid Thursday.

Source: Investment House
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Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Tue Aug 01, 2017 5:23 am

Melt Up: This rare anomaly says stocks can jump 15% in three months

by Brett Eversole

Buying after the Nasdaq jumps 10 days in a row has led to a 2.3% gain in one month and a staggering 14.6% gain in three months.


Source: True Wealth

http://thecrux.com/38920-2/
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Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Wed Aug 02, 2017 3:05 am

Goldman Sachs Says There’s A 99% Chance The Rally Is Over

New accounts are at levels we have not seen since the Internet boom of the late 1990s, up 34% over the first half of last year.


According to a June survey from Legg Mason, nearly 80% of millennial investors plan to take on more risk this year, with 66% of them expressing an interest in equities.

About 45% plan to take on “much more risk” in their portfolios.


Source: The Economic Collapse Blog

http://www.thetradingreport.com/2017/08 ... y-is-over/
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Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Mon Aug 07, 2017 8:21 am

MONDAY

NASDAQ, SP500, SOX are all snuggled against near support after just over a week of a lateral move or a pullback. Not bad positioning, and there is still leadership to that could throw in upside and break the indices higher off support.

At the same time the good earnings news could not do that trick. AAPL 'rescued' the market but the indices sat on support. The jobs report was solid enough but not too great, and the indices sat on support. They did not break lower, but good news did not break them higher. Perhaps they were just ignoring the market, doing what they needed to do. Perhaps.

The interesting aspect: bulls are at 60 for the second week. In early 2017, bulls were over 60 for 7 weeks. No serious selloff resulted, an aberration for the market and this indicator. Oh they tried to sell off, and several times the indices made moves that historically would market a rollover. Yet, bids came back in and thwarted the selling pressure and the indices recovered. Magic. Ready to roll over, rolling over, then caught and supported.

Back to the interesting aspect. The other one. Even as bulls move over 60 and we see calls for unending bull markets (as I recall some saying in 1998 just before the Dow crashed), more and more expert money managers call for a serious market correction.

Interactive Brokers raised its margin requirements on trades on volatility products. Friday another joined in. BAC's Michael Hartnett, citing a euphoric bull/bear level, said a "little
more meaningful" correction, "not your average correction," is coming in the fall. Still, he says it is not time to move out of equities just yet.

History says when everyone says it isn't happening is when it happens. The experts rarely hit the nail on the head. Anyone can say a correction is coming because of any number of factors. We even say that, but at least we are not so arrogant (stupid?) to say we know when.

Source: Investment House
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Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Mon Aug 07, 2017 8:49 pm

NEW HIGHS OF NOTE LAST WEEK

Berkshire Hathaway (BRK-B)... Warren Buffett's holding company
Apple (AAPL)... iPhone, iPad, Apple Watch
Nike (NKE)... athletic shoes, clothing
Wal-Mart (WMT)... World Dominator of retail
Shopify (SHOP)... e-commerce powerhouse
GrubHub (GRUB)... on-demand food delivery
Stamps.com (STMP)... on-demand postage
Interactive Brokers (IBKR)... online brokerage
LendingTree (TREE)... online peer-to-peer lending
Citigroup (C)... financial services
HSBC (HSBC)... financial services
Visa (V)... credit cards
Hyatt Hotels (H)... hotels
Ferrari (RACE)... luxury cars
Fiat Chrysler Automobiles (FCAU)... cars and trucks
PulteGroup (PHM)... homebuilder
Aaron's (AAN)... rent-to-own furniture
Rent-A-Center (RCII)... rent-to-own furniture
Lumber Liquidators (LL)... hardwood and laminate flooring
Lockheed Martin (LMT)... "offense" contractor
Northrop Grumman (NOC)... "offense" contractor
Chubb (CB)... "world's greatest business"
Travelers (TRV)... "world's greatest business"
Humana (HUM)... medical insurance
UnitedHealth (UNH)... medical insurance
Take-Two Interactive (TTWO)... video games
National Beverage (FIZZ)... LaCroix, Shasta, Faygo

NEW LOWS OF NOTE LAST WEEK


Snap (SNAP)... "cocktail party" stock
AMC Entertainment (AMC)... movie theaters
Regal Entertainment (RGC)... movie theaters
Imax (IMAX)... 3-D movies
Brinker International (EAT)... chain restaurants
Cheesecake Factory (CAKE)... chain restaurants
Apache (APA)... oil and gas
Southwestern Energy (SWN)... oil and gas

Source: Daily Wealth
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Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Wed Aug 09, 2017 8:36 am

Dow Closes At Record High For 9th Straight Time, But Experts Warn Stock Market Crash Could Be Imminent

By Michael Snyder

Market breadth, a measure of how many stocks are rising versus the number that are dropping, has turned “exceedingly negative”


According to an analysis of FactSet data, 79 components of the S&P 500 are trading at least 20% below their 52-week high; a bear market is typically defined as a 20% drop from a peak.


Through May, some $390 billion in buybacks have been announced this year, $13 billion more than at this time in 2016.

June 28 was the biggest single buyback announcement day in history. That was when 26 banks disclosed buybacks worth $92.8 billion, largely a response to having just passed the stress tests administered by the Federal Reserve Board. That figure blew past the previous record of $56.4 billion announced on July 20, 2006.


Source: The Economic Collapse Blog

http://www.thetradingreport.com/2017/08 ... -imminent/
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Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Thu Aug 10, 2017 10:23 pm

Investors pull more cash from U.S. domestic stock funds: ICI

by Trevor Hunnicutt

The funds posted $3.9 billion in withdrawals during the week ended Aug. 2


Investors say that rise has left U.S. stocks richly valued and that they have been moving to taxable bonds and international stocks. Each of those categories had a 35th straight week of inflows.



Source: Reuters

http://www.reuters.com/article/us-usa-m ... US%20Money
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Re: US - Market Direction 40 (May 17 - Dec 17)

Postby winston » Sun Aug 13, 2017 7:17 pm

A chart trend could spell a downturn of at least 3% in stocks: Technician

by Stephanie Landsman

"The 50-day moving average is a key for the intermediate trends. We may have lost some momentum, but at this point we haven't been below the 50-day pretty much for the entire year. So, so this is a key spot," he said.

"If we end up holding it, we may see a little bit of a bounce."


Source: CNBC.com

https://www.cnbc.com/2017/08/11/stocks- ... yptr=yahoo
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