Stock Market Watch For the Week of March 11th

March 11, 2019 tvcuser Education, Trading Brexit, China, ECB, Europe

Stocks have hit a cold streak, after soaring for two straight months. That said, they ended the week on a 5-day losing skid.

The catalyst?

Well, it’s hard to say precisely, but here are what some traders believe it is:

Profit taking- this has been the best two months start for the S&P 500 since 1991
Weak economic data- poor job numbers
Weakness in China- poor export numbers
Weakness in Europe- ECB lowered growth outlooks
Unresolved trade negotiations between the U.S. and China
Brexit fears
S&P 500 hit key resistance (2800 level)

Are the markets cooling off or is the beginning of a new trend?

We’ll have to continue to monitor the situation, but it doesn’t appear that traders are panicking yet. Furthermore, the VIX, also known as the market’s fear index spiked during the week, as it typically rises when stocks sell-off. On Friday, it closed at 16.05.

graph

Source: Yahoo

Here are how some of the most actively traded index ETFs performing over the week: SPDR S&P 500 ETF (SPY) -2.13%; iShares Russell 2000 ETF (IWM) -4.17%; SPDR Dow Jones Industrial Average ETF (DIA) -2.19%; Invesco QQQ Trust (QQQ) -1.85%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +0.60%; iShares 20+ Year Treasury Bond (TLT) +2.45%; SPDR Gold Shares (GLD) +0.79%

Economic Releases:
11 Mar 2019- Retail Sales 8:30 AM ET

12 Mar 2019- CPI 8:30 AM ET

13 Mar 2019- Durable Goods Orders 8:30 AM ET; PPI-FD 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

14 Mar 2019- Jobless Claims 8:30 AM ET; New Home Sales 10:00 AM ET

15 Mar 2019- Industrial Production 9:15 AM ET

Key Earnings:
11 Mar 2019- ADT, COUP, SFIX

12 Mar 2019- PETX, CLNE, NTRA, PEIX, NOG, BLCM

13 Mar 2019- TRVN, SMTC, MDB, AXAS, VRA

14 Mar 2019- DG, ULTA, XONE, ADBE, AVGO, JBL, ORCL, ZUMZ, PVTL

15 Mar 2019- BKE

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June 4, 2018 The Week Ahead

June 4, 2018 tvcuser Education, Trading China, DIA, Europe, GLD, IWM, NASDAQ, North Korea, QQQ, Russell, SPY, TLT, USO

U.S. stocks were mixed during the week with strength in the Nasdaq and Russell indexes, while the S&P 500 was slightly positive and the Dow Jones Industrials closing negative on the week. U.S jobs reported on Friday were solid, giving notion to the idea that the FOMC will raise rates again in their June meeting.

With earnings winding down and the summer around the corner, risk in the markets has shifted from domestic to overseas. Potential catalysts are trade disputes with China, politics in Europe, and peace negotiations with North Korea.

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +1.88%, SPDR S&P 500 ETF (SPY) +0.29%, SPDR Dow Jones Industrial Average ETF (DIA) -0.63%, iShares Russell 2000 ETF (IWM) +1.12%

The VIX climbed slightly, closing at 13.50 on Friday.

graph

Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -7.28%, iShares 20+ Year Treasury Bond (TLT) +1.19%, SPDR Gold Shares (GLD) -0.89%

Economic Releases:
6 June 2018- International Trade 8:30 AM ET; EIA Petroleum Status Report 10:30 AM

7 June 2018- Jobless Claims 8:30 AM ET

Key Earnings:
4 June 2018- DVMT, ROAD, ASNA, COUP, HQY, NX, PANW

5 June 2018- DLTH, FRAN, GCO, GII, HDS, NAV, AMBA, GWRE, IDT, OLLI

6 June 2018- SIG, CLDR, FIVE, MIND, REVG, SEAC, THO, UNFI, ZS

7 June 2018- FCEL, SJM, AVGO, HOME, HOV, ZUMZ

8 June 2018- LAKE

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September 22, 2015 Market Wrap Up

September 22, 2015 tvcuser Education, Trading CROX, Data, Earnings, Economic, education, Europe, HPQ, S&P 500, trading, USO, VIX

September 22, 2015 Market Wrap Up

The S&P 500 finished the day significantly lower, down over 1%. There was some weakness out of Europe that followed through into the US markets. Much of that was attributed to some news out of Volkswagen and allegations that they’ve been manipulating emission tests.

The biotech sector took a hit for a second straight day. Analysts will be closely listening to comments out of Presidential hopeful, Hillary Clinton. Her comments on twitter are what really drove the sector south.

The VIX was up over 11%, closing at 22.45. For now, it appears that 20 might be the new base level.

The energy sector was relatively flat today; the United States Oil Fund (USO) was down less than 1%.

On the options front, we saw bullish call buying in Crocs Inc (CROX). Options that saw bearish put buying were in Hewlett Packard Co (HPQ).

Here’s what’s on tap for the rest of the week:

Key Economic Data:
24 September 2015- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM
25 September 2015- GDP 8:30 AM ET

Key Earnings:
24 September 2015- ACN, BBBY, JBL, KBH, NKE, PIR
25 September 2015- FINL

August 23, 2015 The Week Ahead

August 23, 2015 tvcuser Education, Trading China, Data, Earnings, Economic, education, Europe, S&P 500, trading, U.S., VIX

August 23, 2015 The Week Ahead

The S&P 500 ended Friday’s action with a wicked sell-off, dropping more than 3% and over 5% the last two trading days.

A strategy that has worked well over the last couple of years has been to buy the dip. However, every rally on Friday was eventually sold.

What caused this?

Sellers were more aggressive than buyers. It might sound too simple, but there was no real news to justify the move. Of course, that won’t stop the financial press and media try to come up with a reason why.

In any event, global markets now look weak. With Europe, China, and the U.S. now showing signs of slowing down.

Just a week ago, the VIX was below 13, on Friday, it closed at 28.03!

Stock Market Watch For the Week of March 11th

June 4, 2018 The Week Ahead

September 22, 2015 Market Wrap Up

September 22, 2015 Market Wrap Up

August 23, 2015 The Week Ahead

August 23, 2015 The Week Ahead

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