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Wall Street Likley To Start The New Year Off Right

Courtesy of John Nyaradi.

Wall Street and the Stock Market will likely start 2014 off right

stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

I predict a stock market rise today as investors will likely start 2014 off with a bang.

All Eyes on Wall Street:

All Eyes on Wall Street are likley to be a little glazed and hungover due to the New Years holiday and excessive stock market records for 2013.  All in all, Wall Street appears to be in a state of higher priced euphoria, and when that wave stops is anyone’s guess.  All I can say is that stock markets will decline one day, and when they do we will likely be in a bit of pain.

We are also due for the Weekly Jobless claims, Market PMI, Construction Spending, and ISM reports today, all of which could derail market sentiment if the news is bad.

Hindsight is a Beach and We’re Playing on It:

Before New Years Eve we were partially correct on Monday with the Dow Jones Industrial Average (NYSEARCA:DIA) rising .16%.  On December 3rd, all three indexes rose substantially to new record highs, with the S&P 500 (NYSEARCA:SPY) rising .40%, the Dow Jones Industrial Average (NYSEARCA:DIA) rising .44%, and the NASDAQ (NASDAQ:QQQ) rising .54%.  What a year for 2013 and what will 2014 bring??

Fun Fact:

I just saw the new flick “The Wolf of Wall Street.”  Crazy story.

Its raining Bulls:

The bulls are likely going to charge today.  I can feel it in the air:)

This stock market forecast is for educational and informational purposes only.  It is not intended to be investment advice nor an investment recommendation.  Past performance is no guarantee of or indication of future performance and your performance may vary widely from any that may be indicated in this column. There is risk of loss in all investing and trading activities and you should consult your financial adviser before making any investment decisions.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector





Stocks Close 2013 with More Record Highs

Courtesy of John Nyaradi.

Stocks finished 2013 with new record highs, as the S&P 500 closed-out the year with a 30 percent advance.

Stocks finished a bullish year with more record highs, as the S&P 500 capped-off its best year since 1997 with a 30-percent advance.  Two upbeat Stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USO economic reports got the New Year’s Eve party going early.  The Conference Board reported that its Consumer Confidence Index for December climbed to 78.1 from 72 in November.  Economists were expecting a less-significant increase to 76.  The S&P / Case-Shiller Home Price Index was basically in-line with economists’ expectations, as its 20-City Composite Index climbed 13.6 percent, compared with an expected 13.7 percent increase.  The report was based on a three-month average from August through October.

The Dow Jones Industrial Average (NYSEARCA:DIA) picked up 72 points to finish Tuesday’s trading session at a record-high close at 16,576.66 for a 0.44 percent advance, after hitting a record intraday high of 16,588.25.  The S&P 500 (NYSEARCA:SPY) advanced 0.40 percent to a record-high close at 1,848.36, after reaching a record intraday high of 1,849.44.

The Nasdaq 100 (NASDAQ:QQQ) surged 0.61 percent to finish at 3,592.  The Russell 2000 (NYSEARCA:IWM) climbed 0.26 percent to a record-high close of 1,163.64.

In other major markets, oil (NYSEARCA:USO) dropped 0.59 percent to close at $35.32.

On London’s ICE Futures Europe Exchange, February futures for Brent crude oil declined 31 cents (0.28 percent) to $110.90/bbl. (NYSEARCA:BNO).

February gold futures advanced $1.20 (0.10 percent) to $1,205.00 per ounce (NYSEARCA:GLD).  Gold and Silver Stocks – Will They Ever Rise Again?

Transports accelerated across the 2013 finish line on Tuesday, as the Dow Jones Transportation Average (NYSEARCA:IYT) ended the year with a record-high close at $131.10 after hitting a record intraday high of $132.14.

In Japan, the stock market was closed on New Year’s Eve (NYSEARCA:EWJ).

Stocks advanced in China as the government finally ended its IPO freeze.  Shares in brokerage firms led the advance after the government approved five initial purchase offerings on Tuesday.  The Shanghai Composite Index surged 0.88 percent to 2,115 (NYSEARCA:FXI).  Hong Kong’s Hang Seng Index advanced 0.26 percent to 23,306 (NYSEARCA:EWH).

A shortened trading day in Europe brought thin trading volume,…
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Stocks in Holding Pattern for New Year

Courtesy of John Nyaradi.

Stocks held close to the breakeven level on Monday, although the Dow picked up 25 points, as 2013 drew toward a close.

Stocks managed to hang on to most of their monthly gains through Monday’s session, as the S&P 500 dipped by only 0.2 percent, as it is stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOexpected to close-out December with a 2 percent advance, while wrapping-up 2013 with a 29-percent jump, making this year its best since 1997.

Monday’s important economic news came from the National Association of Realtors.  The NAR reported that its Pending Home Sales Index (sales not yet closed but agreed-to by contract) increased for the first time in six months for a 0.2 percent advance to 101.7 in November.  Unfortunately, economists had been expecting a move by slightly more than one percent.

The Dow Jones Industrial Average (NYSEARCA:DIA) picked up 25 points to finish Monday’s trading session at 16,504 for a 0.16 percent advance.  Nevertheless, it was the first time the Dow failed to hit a record intraday high after a seven-session streak of doing so.  The S&P 500 (NYSEARCA:SPY) slipped 0.02 percent to close at 1,841, closing-out a five-day streak of record intraday highs.

The Nasdaq 100 (NASDAQ:QQQ) declined 0.11 percent to finish at 3,570.  The Russell 2000 (NYSEARCA:IWM) retreated 0.04 percent to end the day at 1,160.

In other major markets, oil (NYSEARCA:USO) dropped 0.86 percent to close at $35.53.

On London’s ICE Futures Europe Exchange, February futures for Brent crude oil declined 96 cents (0.86 percent) to $111.22/bbl. (NYSEARCA:BNO).

February gold futures declined $17.80 (1.47 percent) to $1,196.20 per ounce (NYSEARCA:GLD).  Gold and Silver Stocks – Will They Ever Rise Again?

Transports remained stuck in snowbound traffic on Monday, as the Dow Jones Transportation Average (NYSEARCA:IYT) was unchanged from Friday’s close at $131.10.

In Japan, the exchange rate for the yen continued to be the dominant factor in stock market activity.  Japanese stocks advanced as the yen weakened to 105.41 per dollar during Monday’s trading session in Tokyo.  A weaker yen causes Japanese exports to be more competitively priced in foreign markets (NYSEARCA:FXY).  The Nikkei 225 Stock Average advanced 0.69 percent to 16,291 (NYSEARCA:EWJ).

Stocks retreated in mainland China as ongoing…
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Stock Markets To Have Two More Days

Courtesy of John Nyaradi.

Stock markets are likely to rise today as we inch towards the New Year

stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

I predict a stock market rise today, as the bulls seem determined to ride out 2013 in green.

All Eyes on Wall Street:

All eyes are now focused on the record setting 2013 for stock markets, but also on the underlying gut feeling that these stock markets will decline, badly.  What goes up must ultimately come down, and many Wall Street analysts are definitely nervous for 2014.  In the short term, we are dealing with new records on the baord coupled with minimal trading volume; in the long term things are not looking that rosey for Wall Street.  Today also brings us a Pending Home Sales report at 10:00 AM EST which will likely not sway investors one way or another.

Oddly enough, the VIX Index or the “fear index” as it is widely known, started to rise last week, suggesting lower prices for equity markets ahead.  Again, I think the Bulls are ready to celebrate New Years, but the Bears will not be hungover come New Years Day.

Hindsight is a Beach and We’re Playing on It:

Last week was a positive week as we saw more records posted from the S&P 500 (NYSEARCA:SPY), the Dow Jones Industrial Average (NYSEARCA:DIA) and the NASDAQ 100 (NASDAG:QQQ).  Last Monday was our last stock market prediction in which we were correct across the board.  Hopefully the Bulls will be in our favor again today.

Fun Fact:

Check out this car made out of over 500,000 legos and runs on compressed air!

May the Bulls be With Us!

May the bulls be with us this second to last day of the year.  I think we need more records!

This stock market forecast is for educational and informational purposes only.  It is not intended to be investment advice nor an investment recommendation.  Past performance is no guarantee of or indication of future performance and your performance may vary widely from any that may be indicated in this column. There is risk of loss in all investing and trading activities and you should consult your financial adviser before making any investment decisions.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector





Dow Jones Industrial Average Posts Christmas Gains

Courtesy of John Nyaradi.

Dow Jones Industrial Average and major U.S. indexes post Christmas week gains

dia, nysearca:dia, dow jones industrial average, spy, qqq, dow, dia, Charles Dow Says "Sell!" (DIA, IWM, SPY, QQQ)

Charles Dow

The Dow Jones Industrial Average (NYSEARCA:DIA) gained 1.6% for the Holiday shortened week after closing fractionally lower on a low volume Friday Session.

The Nasdaq 100 (NYSEARCA:QQQ) lost 0.29% on Friday but the Nasdaq Composite was up 1.3% for the week.

The SP500 (NYSEARCA:SPY) climbed 1.3% week over week.

The Santa Rally appears to be well underway and the bulls are looking for more gains to close out the last two trading days of the year.

Read “Is The Santa Rally Underway”

On My Stock Market Radar

On a technical basis, the Dow Jones Industrial Average (NYSEARCA:DIA) is in a solid bull market but with several warning signals flashing.

RSI, relative strength is over 70 which is considered in the overbought range and momentum is positive, however, the index is considerably overextended when compared to its 50 and 200 day moving averages.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector





Stocks Dip after Hitting New Record Highs

Courtesy of John Nyaradi.

Stocks made a retreat at one hour into Friday’s trading session, after hitting new record intraday highs.

After starting Friday’s trading session with a quick advance to new record intraday highs, both the S&P 500 and the Dow Jones Industrial Stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOAverage headed slightly into the red, as their relative strength indices rose above 70 – a level seen by many investors as an “overbought” signal.  Stocks spent the rest of Friday’s session bobbing above and below the breakeven level, finishing the bullish Christmas week with a toe in the red.

The Dow Jones Industrial Average (NYSEARCA:DIA) lost a point to finish Friday’s trading session at 16,478 for a 0.01 percent dip, after hitting a record intraday high of 16,529.01.  The S&P 500 (NYSEARCA:SPY) slipped 0.03 percent to close at 1,841, after hitting a new record intraday high of 1,844.89.

The Nasdaq 100 (NASDAQ:QQQ) declined 0.29 percent to finish at 3,574.  The Russell 2000 (NYSEARCA:IWM) retreated 0.13 percent to end the day at 1,161.

In other major markets, oil (NYSEARCA:USO) climbed 0.53 percent to close at $35.84.

On London’s ICE Futures Europe Exchange, February futures for Brent crude oil advanced 14 cents (0.13 percent) to $112.12/bbl. (NYSEARCA:BNO).  Joe Friday – Commodities Working on a Breakout

February gold futures advanced $1.10 (0.09 percent) to $1,213.40 per ounce (NYSEARCA:GLD).

Transports were stuck in snowbound traffic on Friday, as the Dow Jones Transportation Average (NYSEARCA:IYT) declined 0.17 percent.

In Japan, the exchange rate for the yen returned to its role as the dominant factor in stock market activity.  Japanese stocks advanced as the yen weakened to 104.98 per dollar during Friday’s trading session in Tokyo.  A weaker yen causes Japanese exports to be more competitively priced in foreign markets (NYSEARCA:FXY).  The Nikkei 225 Stock Average advanced 0.03 percent to 16,178 (NYSEARCA:EWJ).

Stocks rallied in mainland China after the seven-day repurchase rate dropped to 5.09 percent, easing the persistent concerns about liquidity, which have been keeping the Shanghai Composite Index below its 50-day moving average (currently at 2,165) since December 16.  The Shanghai Composite Index jumped 1.36 percent to 2,101 (NYSEARCA:FXI).  Hong Kong’s Hang Seng Index advanced 0.27 percent to 23,243 (NYSEARCA:EWH).

Stocks advanced in Europe, as…
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Stocks Climb as Weekly Unemployment Claims Fall

Courtesy of John Nyaradi.

Stocks continued to reach new record highs on Thursday, as initial unemployment claims dropped significantly.

Stocks had yet another reason to reach new record highs on Thursday, after the Department of Labor reported that for the week ending Stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USODecember 21, initial unemployment claims dropped by 42,000 to 338,000.  A Timely Decline in New Jobless Claims

The Dow Jones Industrial Average (NYSEARCA:DIA) picked up 122 points to finish Thursday’s trading session at a new, record-high close of 16,479.88 for a 0.75 percent advance, after hitting a record intraday high of 16,483.00.  The S&P 500 (NYSEARCA:SPY) climbed 0.47 percent to a record-high closing level of 1,842.02, after hitting a new record intraday high of 1,842.84.

The Nasdaq 100 (NASDAQ:QQQ) advanced 0.33 percent to finish at 3,584.  The Russell 2000 (NYSEARCA:IWM) rose 0.07 percent to end the day with a record-high close at  1,162.65.  Stock Trading Alert:  Stocks Ought to Extend Rally

In other major markets, oil (NYSEARCA:USO) advanced 0.45 percent to close at $35.65.

On London’s ICE Futures Europe Exchange, February futures for Brent crude oil advanced 12 cents (0.11 percent) to $112.02/bbl. (NYSEARCA:BNO).

February gold futures advanced $6.70 (0.56 percent) to $1,210.00 per ounce (NYSEARCA:GLD).

Transports were flying high enough to benefit from weightlessness on Thursday, as the Dow Jones Transportation Average (NYSEARCA:IYT) climbed 0.31 percent.

In Japan, stocks climbed to a six-year high as the nation’s program of not taxing investment accounts took effect.  The Nippon Individual Savings Account program allows for a five-year hiatus from taxes on capital gains and dividends from stocks, mutual funds and ETFs.  The yen weakened to 104.82 per dollar just before Thursday’s closing bell in Tokyo.  A weaker yen causes Japanese exports to be more competitively priced in foreign markets (NYSEARCA:FXY).  The Nikkei 225 Stock Average jumped 1.03 percent to 16,174 (NYSEARCA:EWJ).

Stocks slumped in mainland China as investors were in a bearish mood on Thursday, after the nation’s central bank refused to inject more funds into the money market.  Persistent concerns about liquidity have been keeping the Shanghai Composite Index below its 50-day moving average since December 16.  The Xinhua News Agency reported that Xu Shaoshi, minister of the National Development and Reform…
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Stocks Climb as Santa Brings Upbeat Economic Data

Courtesy of John Nyaradi.

Stocks continued their routine of reaching new record highs after Tuesday’s economic reports beat expectations.

Stocks climbed higher on Tuesday as Santa brought more upbeat economic news.  The Commerce Department’s Census Bureau reported that Stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USONew Home Sales in November were at a seasonally-adjusted annual rate (SAAR) of 464,000.  Economists were expecting a SAAR of 450,000.  Although the number represented a decline from October’s SAAR of 474,000, the November reading is slightly more than 16 percent above the November 2012 SAAR of 398,000.

The Census Bureau also reported the new orders for durable goods increased 3.5 percent during November to $241.6 billion.  Economists were expecting a less-significant. 2.0 percent advance.  So-called “core capital goods” which exclude defense spending and aircraft purchases, rose 4.5 percent, for the most significant advance since January.  Core capital goods expenditures are seen as a forward-looking economic indicator, which signal whether businesses plan to expand in the near future.

The Dow Jones Industrial Average (NYSEARCA:DIA) picked up 62 points to finish Tuesday’s trading session at a new, record-high close of 16,357.55 for a 0.39 percent advance, after hitting a record intraday high of 16,360.60.  The S&P 500 (NYSEARCA:SPY) climbed 0.29 percent to close at an all-time high of 1,833.32.

The Nasdaq 100 (NASDAQ:QQQ) advanced 0.10 percent to finish at 3,572.  The Russell 2000 (NYSEARCA:IWM) climbed 0.40 percent to end the day with a record-high close at  1,161.80.

In other major markets, oil (NYSEARCA:USO) advanced 0.37 percent to close at $35.49.

On London’s ICE Futures Europe Exchange, February futures for Brent crude oil advanced 44 cents (0.39 percent) to $112.00/bbl. (NYSEARCA:BNO).

February gold futures advanced $7.40 (0.62 percent) to $1,204.40 per ounce (NYSEARCA:GLD).

Transports had to dodge Santa’s sleigh as they continued to fly higher on Tuesday, while the Dow Jones Transportation Average (NYSEARCA:IYT) climbed 0.36 percent.

In Japan, the exchange rate for the yen continued to be the dominant factor in stock market activity.  Japanese stocks advanced as the yen weakened to 104.22 per dollar.  A weaker yen causes Japanese exports to be more competitively priced in foreign markets (NYSEARCA:FXY).  The Nikkei 225 Stock Average advanced 0.10 percent to 15,889 (NYSEARCA:EWJ).

Stocks continued to regain strength in mainland China…
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Stocks Get Another Boost from Economic Data

Courtesy of John Nyaradi.

Stocks continued their routine of reaching new record highs after Monday’s economic reports encouraged investors.

Economic data pushed stock prices higher again on Monday, after Friday’s third estimate of third-quarter GDP from the Bureau of Economic Stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOAnalysis showed GDP expansion at a 4.1 percent annual rate.  On Monday, the final Thompson Reuters / University of Michigan Consumer Sentiment Index for December held to the preliminary reading of 82.5, compared with November’s 75.1.  Nevertheless, the result fell a tad short of economists’ expectations for an increase to 83.0.

Also on Monday, the Bureau of Economic Analysis released its Personal Income and Outlays report for November.  The report indicated that “Real PCE” (personal consumption expenditures, adjusted to remove price changes) increased by 0.5 percent in November, consistent with economists’ expectations.  October’s increase was 0.4 percent.  Although personal income increased by 0.2 percent in November compared with October’s -0.1 percent, the November reading fell short of economists’ expectations for an increase of 0.5 percent.

The Chicago Federal Reserve National Activity Index (CFNAI) for November climbed to +0.60 from October’s -0.07.  More important, the CFNAI’s three month moving average rose to +0.25 from October’s +0.12 for the highest reading since February of 2012.

The Dow Jones Industrial Average (NYSEARCA:DIA) picked up 73 points to finish Monday’s trading session at a new, record-high close of 16,294.61 for a 0.45 percent advance, after hitting a record intraday high of 16,318.11.  The S&P 500 (NYSEARCA:SPY) climbed 0.53 percent to finish at a new, record-high closing level of 1,827.99, after hitting a record intraday high of 1,829.75.

The Nasdaq 100 (NASDAQ:QQQ) jumped 1.08 percent to finish at 3,569.  The Russell 2000 (NYSEARCA:IWM) soared 0.94 percent to end the day with a record-high close at 1,157.22 after hitting a new record intraday high of 1,213.49.  Welcome to the Santa Claus Rally

In other major markets, oil (NYSEARCA:USO) declined 0.34 percent to close at $35.36.

On London’s ICE Futures Europe Exchange, February futures for Brent crude oil declined 12 cents (0.11 percent) to $111.65/bbl. (NYSEARCA:BNO).

February gold futures declined $5.60 (0.47 percent) to $1,198.10 per ounce (NYSEARCA:GLD).

Transports had to increase cabin pressure as they continued to fly…
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Stock Market Bulls Likely To Pull Santa’s Sleigh

Courtesy of John Nyaradi.

The stock market’s bulls will likely pull Santa’s sleigh today

stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

I predict a stock market rise as investors go bullish on the Holidays and New Year 2014.

All Eyes on Wall Street:

All eyes will likely not be focused on Wall Street this week, as the Holiday season will lower stock trading volume.  Still, we are due out for a plethora of data this week, so both the bulls and the bears have a chance to shine.  Today is the day of the consumer for economic data, as we are expecting the Personal Income, Consumer Spending, Core PCE Price Index, and University of Michigan Consumer Sentiment reports in the morning.  With the largest shopping season of the year coming to a close, bad data could surely bring out the bears for some Christmas dinner.

Hindsight is a Beach and We’re Playing on It:

Last Friday we got waxed in our predictions, with the S&P 500 (NYSEARCA:SPY) rising 48% to reach a new record, the Dow Jones Industrial Average (NYSEARCA:DIA) rising .26% to reach  new record, and the NASDAQ 100 (NASDAQ:QQQ) rising 1.15%, not for a new record.  Investors appear frantic to make sure that we close out 2013 as high as possible, despite the fact that this market appears poised to roll over big time.

Fun Fact:

Watch Chuck Norris do the splits between two flying airplanes!

May the Bulls be With Us!

May the bulls be with us this trading day; Santa Claus is coming to town!

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector





 

Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!

 
 

Zero Hedge

Don't Show The "Deflation Isn't Going To Happen" ECB Germany's Declining October Prices

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Remember when this past weekend, as part of its stress test "worst case" scenario, in all its wisdom the ECB decided not to stress test a deflationary outcome in Europe's immediate future...

Despite the market clearly screaming "deflation, deflation, deflation"...

... because as ECB...



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Phil's Favorites

Outside the Box: The Colder War

Outside the Box: The Colder War

By John Mauldin

The story of energy is the story of human expansion. From the days when we roamed the African savanna, we tamed first fire and then other forms of energy, using them as tools to control our environment and improve our lives. The control of energy has always been at the heart of the human story.

This week our Outside the Box essay is from my friend Marin Katusa, who has written a fascinating book about a part of that story, a subplot of intrigue and conspiracy. Under Putin, Russia has aspired to dominate the energy markets. Called The Colder War, Marin’s book is a well-written tale of the rise of Putin and his desire to change the way the world’s energy markets are controlled.

I sat down a few months ago with an advance copy, not sure...



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Chart School

S&P 500 Snapshot: A Fed-Triggered "Tempest in a Teapot"

Courtesy of Doug Short.

Another FOMC day and another (yawn) Fed-triggered "tempest in a teapot". The S&P 500 opened higher and hit its 0.32% intraday high about 30 minutes later. The index then traded lower and spiked down at the 2PM release of the FOMC statement, which contained no surprises. Bloomberg's explanation was spot-on: Market Reaction Shows Hopes of Dovish Fed Go Unfulfilled. Predictably enough, CNBC takes a more dramatic spin: Surprisingly hawkish Fed sends markets reeling.

Reeling? Hmm. The 500's intraday low was -0.81% ... not my definition of "reeling." The index closed wit...



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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Sabrient

Sector Detector: Bullish conviction returns, but market likely to consolidate its V-bottom

Courtesy of Sabrient Systems and Gradient Analytics

Bulls showed renewed backbone last week and drew a line in the sand for the bears, buying with gusto into weakness as I suggested they would. After all, this was the buying opportunity they had been waiting for. As if on cue, the start of the World Series launched the rapid market reversal and recovery. However, there is little chance that the rally will go straight up. Volatility is back, and I would look for prices to consolidate at this level before making an attempt to go higher. I still question whether the S&P 500 will ultimately achieve a new high before year end.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then o...



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OpTrader

Swing trading portfolio - week of October 27th, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly. Enjoy!

(As usual, use your PSW user name and password to sign in. You may also take a free trial.) 

 

#455292918 / gettyimages.com

 

...

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Market Shadows

Bill Ackman's Big Pharma Trade Is Making Wall Street A Super Awkward Place

 

#452525522 / gettyimages.com

Intro by Ilene

If you're following Valeant's proposed takeover (or merger) of Allergan and the lawsuit by Allergan against Valeant and notorious hedge fund manager William Ackman, for insider trading this is a must-read article. 

Linette Lopez describes the roles played by key Wall Street hedge fund owners--Jim Chanos, John Paulson, and Mason Morfit, a major shareholder in Valeant. Linette goes through the con...



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Option Review

LUV Options Active Ahead Of Earnings

There is lots of action in Southwest Airlines Co. November expiry call options today ahead of the air carrier’s third-quarter earnings report prior to the opening bell on Thursday. Among the large block trades initiated throughout the trading session, there appears to be at least one options market participant establishing a call spread in far out of the money options. It looks like the trader purchased a 4,000-lot Nov 37/39 call spread at a net premium of $0.40 apiece. The trade makes money if shares in Southwest rally 9.0% over the current price of $34.32 to exceed the effective breakeven point at $37.40, with maximum potential profits of $1.60 per contract available in the event that shares jump more than 13% to $39.00 by expiration. In September, the stock tou...



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Digital Currencies

Goodbye War On Drugs, Hello Libertarian Utopia. Dominic Frisby's Bitcoin: The Future of Money?

Courtesy of John Rubino.

Now that bitcoin has subsided from speculative bubble to functioning currency (see the price chart below), it’s safe for non-speculators to explore the whole “cryptocurrency” thing. So…is bitcoin or one of its growing list of competitors a useful addition to the average person’s array of bank accounts and credit cards — or is it a replacement for most of those things? And how does one make this transition?

With his usual excellent timing, London-based financial writer/actor/stand-up comic Dominic Frisby has just released Bitcoin: The Future of Money? in which he explains all this in terms most readers will have no tr...



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Pharmboy

Biotechs & Bubbles

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Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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