Stock Market Overview: Futures are lower ahead of Wednesday’s open and today’s Fed meeting Remember, we are in the heart of earnings season with approximately 35% of S&P 500 stocks are expected to release earnings this week. The first look at Q1 2016 GDP will be released on Thursday. Gary’s Thoughts: Apple not helping QQQ…
Stock Market Overview: Futures are up ahead of Tuesday’s open and yesterday’s late reversal as investors wait for the latest round of earnings data to be released. 35% of S&P 500 stocks are expected to release earnings this week. Plus the Fed is scheduled to meet on Wednesday and GDP will be released on Thursday. Gary’s Thoughts: Earnings…
Stocks opened lower on Monday as investors wait for a busy week of “data.” On Wednesday, the Fed will conclude its latest two day meeting, on Thursday U.S. GDP will be announced and the Bank of Japan (Japan’s Central Bank) will conclude its latest policy meeting. Plus, it will be another busy week for corporate earnings. Overnight,…
Just a few changes to talk about this weekend. First things first, since our call for a low on February 11 and 12th, there have hardly been any blips. In fact, pullbacks have lasted two days at the most. Throughout the bearish phase, whenever we would call a low, we would use the same terminology. That is…
Stock Market Overview: Futures are relatively quiet ahead of Friday’s open as investors digest the latest round of earnings data. Gary’s Thoughts: Even with Goog,sbux,v…all’s quiet. Economic Data: PMI Manufacturing Index Flash 9:45 AM ETBaker-Hughes Rig Count 1:00 PM ET Highlights Of The Day: Prince Passed Away At The Very Young Age of 57 Gary’s Thoughts: Will have…
Stocks fell on Thursday as many important areas of the market are now in “pullback” mode. Gary mentioned on Wednesday’s radio show to watch these important areas and because he felt they were putting in a near term top. In perfect fashion, they fell on Thursday and broke below important areas of support. Earlier today,…
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Stocks rallied on Wednesday after crude oil broke out and hit a fresh high for 2016. This helped a slew of commodity stocks rally which lifted the broader indices. Earnings data was mixed. Shares of Yahoo (YHOO) and United Healthy (UNH) rallied after reporting numbers but others fell. Economic was relatively light. Existing home sales beat estimates…
Stock Market Overview: Futures are relatively quiet ahead of Thursday’s open as investors digest the latest round of earnings data. Gary’s Thoughts: After yesterday’s close, we reported to you that late in the day, gold and gold stocks petered out. The thought process was that the move had become tired. Never mind! Gold gapping up today as the…
On Tuesday, the market opened higher but sold off shortly after the open as a lot of money piled into commodity stocks as the US dollar fell. Crude oil broke out of its latest base and hit a fresh multi-month high. Silver soared over 4% and also vaulted to a fresh multi-month high. Netflix (NFLX),…
