Stock Market Watch For the Week of July 8th

Education, Trading , , ,

The S&P 500 and Dow Jones are sitting near all-time highs. One of the reasons pushing stocks higher has been the belief that the Federal Reserve Bank will be initiating rate cuts later this year, starting this month.

However, a positive jobs number on Friday spooked the market. And stocks sold-off and are experiencing weakness going into Monday’s trading.

That said, it’s all about the Fed this week, as Jerome Powell is set to give two speeches, and the FOMC minutes release is this Wednesday.

Right now the market is expecting the Fed cuts rates, but it will be interesting to see what Powell has to say after last week’s jobs numbers.

As of now, the market appears nervous, and the VIX is starting to steadily climb.

graph
Source: Yahoo

Here are how some of the most actively traded index ETFs performing over the week: SPDR S&P 500 ETF (SPY) 2.39%; iShares Russell 2000 ETF (IWM) +1.99%; SPDR Dow Jones Industrial Average ETF (DIA) +1.55%; Invesco QQQ Trust (QQQ) +2.44%

Here is how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) -2.77%, iShares 20+ Year Treasury Bond (TLT) -0.35%, SPDR Gold Shares (GLD) -0.53%

Economic Releases:
10 July 2019- EIA Petroleum Status Report at 10:30 AM ET; FOMC Minutes 2:00 PM ET

11 July 2019- CPI 8:30 AM ET; Jobless Claims 8:30 AM ET

Earnings Releases:
9 July 2019- PEP; HELE; LEVI

10 July 2019- ANGO; BBBY; PSMT; VOXX

11 July 2019- DAL; FAST

Be sure to check out our Active Trading Masters Program | Online Courses

Stock Market Watch For the Week of June 24th

Education, Trading , ,

The S&P 500 is right at all-time highs, as the overall stock market is having one of its strongest first-half performances in terms of percentage gains.

The Federal Reserve Bank can take much of the credit. As it appears that they are ready to cut rates for the first time since 2008.

An interest rate cut would mean that money becomes easier to borrow… which in turn should motivate businesses to grow.

That said, here’s how the first of half of 2019 looks thus far:

  • Oil prices are surging due to geopolitical tensions between the U.S. and Iran
  • No deal to the trade war yet, G20 Summit is this weekend, where leaders of the U.S. and China are set to meet
  • Gold prices are above $1400 for the first time in six years
  • Bitcoin is back above $10K and is trending higher

That said, the VIX, the market’s fear index, appears to be taking it all in stride.

graph
Source: Yahoo

Here are how some of the most actively traded index ETFs performing over the week: SPDR S&P 500 ETF (SPY) +1.64%; iShares Russell 2000 ETF (IWM) +1.46%; SPDR Dow Jones Industrial Average ETF (DIA) +2.14%; Invesco QQQ Trust (QQQ) +3.25%

Here is how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +4.01%, iShares 20+ Year Treasury Bond (TLT) -0.02%, SPDR Gold Shares (GLD) +4.28%

Economic Releases:
25 June 2019- New Home Sales 10:00 AM ET

26 June 2019- Durable Goods Orders 8:30 AM ET; International Trade in Goods 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

27 June 2019- GDP 8:30 AM ET; Jobless Claims 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

28 June 2019- Personal Income and Outlays 8:30 AM ET

Key Earnings:
25 June 2019- FDS, LEN, AVAV, FDX, MU, SNX

26 June 2019- BB, GIS, INFO, PAYX, UNF, FUL, MLHR, KBH, NG, PIR, RAD, WOR

27 June 2019- ACN, APOG, CAG, GMS, MKC, PDCO, WBA, NKE, PRGS

28 June 2019- STZ, JKS, ADPT, BBIO, CMBM, CHNG, REAL

Be sure to check out our Active Trading Masters Program | Online Courses

Stock Market Watch For the Week of February 25th

Education, Trading , ,

After nine straight weeks of posting gains for the Dow Jones, it looks to go for a tenth this week. Some of the fears the market had a few months ago is withering away. For example, on Sunday, President Trump announced that he would be holding off on raising Chinese tariffs, as both parties continue to negotiate.

Furthermore, the Federal Reserve Bank officials have made it clear that they will remain patient when it comes to adjusting interest rates. On Tuesday, Fed Chairman Powell spoke to Congress. In his prepared speech he mentioned that the economic outlook is favorable with some cross-currents.

It’s a busy week for earnings and a busy week for economic data.

That said, volatility has gotten crushed since December 24, when the VIX traded above 36. However, it’s currently trading around 15.

graph

Source: Yahoo

Here are how some of the most actively traded index ETFs performing over the week: SPDR S&P 500 ETF (SPY) +0.78%, iShares Russell 2000 ETF (IWM) +1.26%, SPDR Dow Jones Industrial Average ETF (DIA) +0.87%, Invesco QQQ Trust (QQQ) +0.92%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) -1.20%, iShares 20+ Year Treasury Bond (TLT) -0.63%, SPDR Gold Shares (GLD) +0.46%

Economic Releases:
26 Feb 2019- Housing Starts 8:30 AM ET; Jerome Powell speaks 9:45 AM ET

27 Feb 2019- International Trade in Goods 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

28 Feb 2019- GDP 8:30 AM ET; Jobless Claims 8:30 AM ET

1 Mar 2019- Personal Income and Outlays 8:30 AM ET; ISM Manufacturing Index 10:00 AM ET

Key Earnings:
26 Feb 2019- AZO, DISCA, HD, M, PZZA, PANW, PLNT, MYL

27 Feb 2019- CHK, HZNP, LOW, TJX, BKNG, MNST, SQ, FIT, HPQ, BOX

28 Feb 2019- JCP, PCG, SEAS, DELL, MAR, JWN, GPS, SPLK, WDAY, ZS

1 Mar 2019- FL

Be sure to check out our Active Trading Masters Program | Online Courses

Stock Market Watch for the Week of February 4th

Education, Trading , , , , , , , , ,

Stocks closed the month of January strong, as it had its best start to the year since 1987. It all happened while the government was mostly shut down, and trade talks between China still ongoing.

That said, comments out of the Federal Reserve Bank, have been the main driver for the rally in the stock market. On January 30, the FOMC decided to leave interest rates untouched. Also, they removed references of further gradual rate increases, as they plan to continue with current floor approach.

In other words, the Fed is doing its best to please the markets. That said, the focus for the coming week is the State of the Union Address, earnings, and more earnings. We’ll be getting quarterly results from Alphabet, Disney, Electronic Arts, and GM.

So far, earnings have been mixed. For example, Amazon, Nvidia, and Apple have guided lower, while oil companies like Exxon and Chevron are starting to break out towards the upside.

That said, volatility has come in a lot since December 24, when the VIX traded above 36. However, it closed at 16.16 on Friday, a sign that traders are becoming complacent once again.

graph
Source: Yahoo

Here are how some of the most actively traded index ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.61%, iShares Russell 2000 ETF (IWM) +1.25%, SPDR Dow Jones Industrial Average ETF (DIA) +1.25%, Invesco QQQ Trust (QQQ) +1.39%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +3.38%, iShares 20+ Year Treasury Bond (TLT) +0.36%, SPDR Gold Shares (GLD) +1.33%

Economic Releases:
5 Feb 2019- State of the Union Address 9PM ET

6 Feb 2019- International Trade 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

7 Feb 2019- Jobless Claims 8:30 AM ET

Key Earnings:
4 Feb 2019- GOOGL, STX, WSM, GILD, ON, CLX, SYY, ALXN

5 Feb 2019- ADM, EL, EMR, ENR, HUBB, LAZ, RL, VIAB, WCG, WDR, APC, CERN, DATA, DIS, EA, GNW, MCHP, PAA, PAYC, SFLY, SKY, SNAP, SWKS, ULTI, VOYA, ZEN, VRTX

6 Feb 2019- BSX, GM, HUM, LLY, REGN, TTWO, WD, CMG, ELY, FEYE, GPRO, HIVE, IRBT, NEWR, MET, ORLY, PRU, ZNGA, WERN, VVV

7 Feb 2019- ADNT, AMAG, CAH, DNKN, EIGI, GRUB, HAIN, K, LEE, LH, PENN, TWTR, WWE, YUM, ANGI, EXPE, FISV, G, HUBG, IAC, MAT, NCR, QRVO, VRSN, VRTU

8 Feb 2019- ARNC, CBOE, CLF, COTY, EXC, PSX, RDN

Be sure to check out our Active Trading Masters Program | Online Courses