Stock Market Watch For the Week of July 8th

July 8, 2019 tvcuser Education, Trading Dow Jones, Federal Reserve Bank, Jerome Powell, 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

Week of January 7th Stock Market Watch

January 7, 2019 tvcuser Education, Trading China, Government shut down, Jerome Powell

Stocks closed their first week of 2019 in positive territory. However, they needed a heroic effort, in which they got on Friday, with the Dow rising 746 points and the Nasdaq surging by 275 points.

The catalyst?

The Fed, of course. In an interview on Friday, Fed Chairman Jerome Powell, said the Fed will remain patient regarding further rate hikes.

Despite the positive news. There is still uncertainty in the market. For example, the government is still shut down.

trump wall
Source: twitter

Also, the market is concerned about how trade talks between the US and China turn out. A trade war could weaken markets, while a resolution could lift them higher.

That said, there seems to be less fear in the market, thanks to Powell’s interview. The VIX closed at 21.38 on Friday. That’s a drop of 24.5% from last week.

Here are how some of the most actively traded index ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.74%, iShares Russell 2000 ETF (IWM) +3.56%, SPDR Dow Jones Industrial Average ETF (DIA) +1.31%, Invesco QQQ Trust (QQQ) +2.08%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +5.82%, iShares 20+ Year Treasury Bond (TLT) +1.72%, SPDR Gold Shares (GLD) +0.72%

Economic Releases:
8 Jan 2019- International Trade 8:30 AM ET

9 Jan 2019- EIA Petroleum Status Report 10:30 AM ET; FOMC Minutes 2:00 PM ET

10 Jan 2019- Jobless Claims 8:30 AM ET; Jerome Powell Speaks 12:45 PM ET

11 Jan 2019- CPI 8:30 AM ET

Key Earnings:
7 Jan 2019- JAGX

8 Jan 2019- HELE, AZZ, LNN, SGH

9 Jan 2019- AYI, GBX, LEN, MSM, STZ, SCHN, BBBY, FC, KBH, PSMT

10 Jan 2019- DAL, FCEL, SNX

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

Week of December 10th Stock Market Watch

December 10, 2018 tvcuser Education, Trading Apple, Bank of America, China, Jerome Powell, Square, Ulta Beauty

Stocks suffered significant losses over the week, as market sentiment turns bearish. The Nasdaq fell by more than 4%, the S&P 500 and Dow each lost more than 3.5% on the week. Among the losers included: Bank of America -9.3%, Apple -6.1%, Ulta Beauty -15.2%, and Square -13.05%.

The trade war between the U.S. and China, and the fear of more interest rate hikes are some of the reasons why stocks have been selling off.

However, it comes after Fed President Jerome Powell publicly saying that interest rates are just below neutral, and China and the U.S. announcing a temporary trade truce. That said, with the yield curve flattening, traders can expect to see more volatility.

The VIX closed at 23.23 on Friday.

graph

In commodity news, OPEC announced that it would be cutting oil production, a move that should keep prices stable after declining to nearly $50 per barrel.

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +2.21%, iShares 20+ Year Treasury Bond (TLT) +3.05%. SPDR Gold Shares (GLD) +2.03%

Economic Releases:
11 Dec 2018- PPI-FD 8:30 AM ET

12 Dec 2018- CPI 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

13 Dec 2018- Jobless Claims 8:30 AM ET

14 Dec 2018- Retail Sales 8:30 AM ET; Industrial Production 9:15 AM ET

Key Earnings:
10 Dec 2018- SFIX, ASNA, CASY, SEAC

11 Dec 2018- DSW, FRAN, AEO, PLAY, PWOL, PVTL

12 Dec 2018- PLAB, VRA, TLRD, NCS, OXM

13 Dec 2018- CIEN, FRED, VNCE, ADBE, COST, LRAD

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

Week of December 3rd Stock Market Watch

December 3, 2018 tvcuser Education, Trading China, George H.W. Bush, Jerome Powell, trade war

All three major stock indices posted large gains this week, led by the Nasdaq which surged by more than 6%. After a brutal October, stock investors are starting to get optimistic again. Federal Reserve Bank Chairman Jerome Powell’s dovish comments lifted stocks higher.

The market has been declining on fears that further rate hikes will slow down the economy, but Powell’s comments helped calm those fears when he said that interest rates are just below level.

Another cloud that has been hanging over stocks has been the ongoing “trade war” between the U.S. and China. That said, over the weekend leaders from both countries met at the G20 meeting, and agreed to a ceasefire. Futures on Sunday are reacting very well to the news.

The VIX is back below 20 now, closing at 18.07 on Friday. It should continue to decline now that fears of a trade war have subsided.

graph

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) -0.92%, iShares 20+ Year Treasury Bond (TLT) +0.17%, SPDR Gold Shares (GLD) -0.20%

The stock market will be closed on Wednesday, in honor of the passing of former President of the United States, George H.W. Bush.

Economic Releases:
3 Dec 2018- ISM Manufacturing 10:00 AM ET

5 Dec 2018- EIA Petroleum Status Report 10:30 AM ET

6 Dec 2018- International Trade 8:30 AM ET; Jobless Claims 8:30 AM ET

7 Dec 2018- Employment Situation 8:30 AM ET

Key Earnings:
3 Dec 2018- FNSR, COUP

4 Dec 2018- BMO, AZO, CONN, DG, MOV, HOME, HPE, MDB, MRVL, RH, TOL, ZS

5 Dec 2018- AEO, MOMO, CLDR, FIVE, HRB, LULU, SNPS, UNFI, VRNT

6 Dec 2018- KR, MIK, SIG, THO, TTC, AOBC, SAIC, ULTA, GCO, SAIC

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

Week of November 26th Stock Market Watch

November 26, 2018 tvcuser Education, Trading G20 Meeting, Jerome Powell, NASDAQ

All three major stock indices post losses this week, led by the Nasdaq which declined by more than 4%. That said, the Nasdaq has now dipped below its October lows. The S&P 500, and Dow Jones Industrials are closely approaching their October lows as well. Traders will be watching to see if the market bounces or takes another leg higher.

That said, market sentiment is favoring the bears. Fears of an economic slowdown have helped push oil prices to its lowest levels in over a year. All eyes turn to the G20 meeting set for Friday. The world will be watching to see if anything comes out of the meeting and if President Trump can come to terms with the Chinese on trade.

Retailers like many stocks in the stock market got walloped last week. However, traders will be paying attention to sales numbers that come out of Black Friday and Cyber Monday.

Federal Reserve Chairman Jerome Powell speaks this week. Fears of rising rates have helped keep the bears in charge. However, if Powell decides to tone down his rhetoric, it could slow down the selling pressure we’ve seen since October.

The VIX is back above 20 now, closing at 21.52 on Friday. An elevated VIX means that traders are willing to pay up for portfolio protection, a sign that fears of a further sell-off are rising.

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) -9.6%, iShares 20+ Year Treasury Bond (TLT) +0.96%, SPDR Gold Shares (GLD) +0.87%

graph

Economic Releases:
28 Nov 2018- GDP 8:30 AM ET; International Trade 8:30 AM ET; New Home Sales 10:00 AM ET; EIA Petroleum Status Report 10:30 AM ET

29 Nov 2018- Jobless Claims 8:30 AM ET; Personal Income and Outlays 8:30 AM ET; FOMC Minutes 2:00 PM ET

Key Earnings:
26 Nov 2018- JKS, BKE

27 Nov 2018- CBRL, HIBB, CRM, SMRT,

28 Nov 2018- BURL, DKS, SJM, TIF, WB, LZB, VEEV

29 Nov 2018- ANF, DLTR, EXPR, PDCO, TD, TTN, AMBA, HPQ, PAGS, PANW, SPLK, VMW, WDAY, YEXT

30 Nov 2018- CTRN

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

Stock Market Watch For the Week of July 8th

Week of January 7th Stock Market Watch

Week of December 10th Stock Market Watch

Week of December 3rd Stock Market Watch

Week of November 26th Stock Market Watch

Holiday Sales Event!