Market Update: Stock futures are lower ahead of Monday’s open as investors digest last week’s sloppy action. In the near term, the S&P 500’s next level of resistance is the 50 day moving average. Economic Data: Our award winning weekend market report will be out tonight. Just still a lot of range-bound nausea with rolling…
On Thursday, stocks opened lower after the latest round of economic and earnings data was released. Before the open, Wal-Mart ($WMT) beat by 10 cents but that came after the retail giant lowered guidance several times in the past year. Economic data was mixed, jobless claims fell by 16k, to 278, missing estimates for 275k….
On Wednesday, stocks were higher but fell after the Fed released the minutes of its latest meeting. The minutes showed the Fed would entertain a potential June rate hike if economic conditions improved. The USD rallied hard on the news and a slew of commodities fell. Financial stocks were bid higher all day after the bulls…
“RATE HIKES? AND THE KNICKS WILL WIN THE NBA TITLE!” By Gary Kaltbaum May 19,2016 Headline: “In a clear message to the market, the Fed says rates may rise again in June.” Say what? Clear message? What clear message? Wasn’t it just a few weeks ago these same people said they were worried about international issues and had to stand…
SOURCE: https://www.zerohedge.com/news/2016-05-18/venezuelan-police-unleash-tear-gas-rubber-bullets-amid-violent-anti-government-prote
Market Update: Futures are lower ahead of Thursday’s open as investors digest another volatile week on Wall Street. Stocks were up big on Monday, down big on Tuesday, then were up most of Wednesday before turning lower after the Fed minutes were released. Lots of areas of the market are beginning to roll over and any further…
Market Update: Futures are lower ahead of Wednesday’s open as investors pause to digest Monday’s strong rally and Tuesday’s steep decline. Lots of areas of the market are beginning to roll over and any further selling will signal real trouble for the market. Gary’s Thoughts: Nothing thrilling to talk about this morning and now another retailer (Target)…
Stocks ended lower on Tuesday as investors continue to digest the latest round of economic and earnings data. On the economic front, the consumer price index (CPI) rose to 0.4%, beating estimates for 0.3%. That was the highest increase since 2013 and was the first real sign that inflation may be increasing. If inflation accelerates from here, that may…
Stocks rallied nicely on Monday as investors showed up and defended key levels of support (50 DMA line) for the Dow Jones Industrial Average, the S&P 500 and several other important sectors. Overnight, China said industrial production, retail sales and investment data all missed estimates. China also said that measures of money creation and credit growth…
Market Update: Futures are lower ahead of Tuesday’s open as investors pause to digest Monday’s strong rally. Lots of areas of the market were beginning to roll over last week so yesterday was an important day for the bulls to defend support. Gary’s Thoughts: Watch the 50 day on the Dow and S&P. Watch them financials…
