Dashboard November 17 – 21, 2014

 

 

 

 

 

SELECTIONS

MONDAY: An FOMC Statement Report ois due this week as the montjly cycle comes to its end. Sometimes that makes for a volatile combination, although for the peast year the trend has been higher when the Fed speaks

TUESDAY:     It has been more than 35 years since the S&P 500 has strung together as many days of having moved 0.1% or less and today doesn’t give any early impression of doing otherwise. However, over the past few months the day before an FOMC Statement release has been a solidly performing one.

WEDNESDAY: The FOMC Statement is released today and there are no fewer than 6 speeches by Federal Reserve Governors between now and the end of trading this week.

THURSDAY:    For the second consecutive month the FOMC Statement release created no response from the market, but as is often the case , the following day may hold some surprises. This morning may be one of those days as early indications have the market heading lower

FRIDAY:  A boost from China from interest rate cuts and more assurances from ECB’s Draghi look like they may help market end the November 2014 cycle on a positive note

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – November 10 – 14, 2014

 

 

 

 

 

SELECTIONS

MONDAY:  A quiet futures trading session to begin a week that has little scheduled on the economic front and with earnings winding down should mean a sedate kind of day, just like last week’s series of events should have meant a boisterous week.

TUESDAY:     .Another day that looks to follow yesterday’s relatively listless trading, perhaps even more so as banks and bond markets are closed in honor of Veterans Day

WEDNESDAY:  The market appears to be a loittle more negative than the past 2 days, as trading is getting ready to begin, but still nothing to fan flames in either direction is on the horizon this week

THURSDAY:    Wal-Mart, Macys, JC Penney give mixed results. It’s not just about profits, but revenues as well and revenues are universally increasing, even as profits may be higher, leading to questions of consumer participation and the underlying strength of the economy

FRIDAY:  Another quiet day to end a very quiet week, that still somehow made new records, appears to be today’s fate

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – November 3 – 7, 2014

 

 

 

 

 

SELECTIONS

MONDAY:  Elections and Employment Situation Report characterize the week after one marked by unexpected events and reactions. No surprise events are expected this week, but the reactions are less predictable

TUESDAY:     Another relatively quiet day looms ahead, with no real reason to be much different from yesterday’s trading. Tomorrow’s election results and ADP Employment Report may begin a busy latter half of the week.

WEDNESDAY:  Election results are in and the market seems to like what it sees, maybe hopeful of some adult like behavior to come as a result of power sharing. However, victors and losers alike probably only focused on what they can do to make themselves look better in 2016 and their opponents look worse, rather than working toward something of mutual value

THURSDAY:    ECB is center stage today and Employment Situation Report tomorrow as we come off yesterday’s post-election highs. Today awaits teh ECB, but expectations for anything substantive are now low. Any announcement of an EU version of Quantitative Easing should send US markets much higher for a short while

FRIDAY:  Today the Employment SItuation Report will set the tone and expectations are for another good month of job gains. The market usually reacts in line with those numbers and expectations.

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – October 27 – 31, 2014

 

 

 

 

 

SELECTIONS

MONDAY:  With very little scheduled news this week the FOMC Statement release this week looms more important than usual. For now the market digests election news from Brazil, whose market is down nearly 8% in the futures and barely even seems to burp.

TUESDAY:     Today’s early futures look to be a little less ambivalent than yesterday’s market, but there’s still very little reason for the market to do much today while still awaiting tomorrow’s FOMC Statement.

WEDNESDAY:  Very divided opinion over reaction to whatever is contained in today’s FOMC Statement release. With yesterday’s nearly 200 point gain you could excuse the market for not following through, although lately the pattern has been to celebrate before and after

THURSDAY:    The day after the end of QE, which was announced about a year ago and the world neither celebrated nor went into panic. I found that surprising, but there’s still today to deal with the hangover or its cure

FRIDAY

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – October 20 – 24, 2014

 

 

 

 

 

SELECTIONS

MONDAY:  Thankfully, IBM is not the market leader it once used to be, unless your market is the DJIA. Their earnings do little to push Friday’s rally forward

TUESDAY:     Lots of earnings this morning after Apple’s report yesterday afternoon, but nothing to shake things up, as the market still looks like it has a little momentum from yesterday’s move higher.

WEDNESDAY:  After a couple of strong days it may ne nice to see the market simply taking a rest as it starts the day less than 4% below ots market top

THURSDAY:    The morning’s future looks as if we’re returning to a volleyball like environment. What yesterday took away may be given back today

FRIDAY:  Markets appear calm despite having easy excuse to give up yesterday’s big gain, following news of new Ebola case in NYC.

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – October 6 – 10. 2014

 

 

 

 

 

Selections

MONDAY:  Unbelievable week for hot air enthusiasts. 12 speeches by FOMC members, one by Treasury Secretary Jack Lew and One by ECB Presient Mario Draghi, in addition to Wednesday’s FOMC Statement. Other than that, nothing else really of interest.

TUESDAY:     A  mildly negative start to the day looks to be the logical place to start after yesterday’s fade and before tomorrow’s FOMC.

WEDNESDAY:  Coming off a 272 point loss makes today’s FOMC Statement even more important as the slightest change in wording could tip negative sentiment into what many believe is the “blow off” selling that is necessary to get the market back on its higher track.

THURSDAY:    Down 272 one day, up 274 the next, but for the past 3 weeks that’s not all that unusual. Today shows no follow through to begin the morning and no expected catalysts, but since when are those important?

FRIDAY:  Not much relief in sight to end the week as market is now 4% below its September highs and up less than 5% for the year.

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – September 15 – 19, 2014

 

 

 

 

 

Selections

MONDAY:  A big week ahead appears to have a somewhat negative bias to begin the week, but anything can be in store once the news starts rolling. After last week’s disappointing results there isn’t too much reason to buck thae trend

TUESDAY:     Another day that appears to have no reason for much of anything happening, but that may all change tomorrow afternoon. Hard to imagine anything moving markets strongly forward before the FOMC, as it is for the rest of the week.

WEDNESDAY:  Themarket is taking it easy at the opening, as all eyes focused on 2 PM FOMC statement and then Scotland independence vote tomorrow.

THURSDAY:    The first hurdle for the week has been conquered and all that remains are Scotland’s independence referendum and getting the Alibaba IPO off smoothly. Hopefully, both bring some additional strength to the markets.

FRIDAY:  FOMC? Check. Scotland? Check? Alibaba? Soon and then this week comes to an end, perhaps with nothing having changed, at all.

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – September 8 -12, 2014

 

 

 

 

 

Selections

MONDAY:  The week looks to be getting off to a slow start after reaching another new record closing high last week. There’s very little scheduled news for this week to push things along, but the market has liked the vacuum lately.

TUESDAY:     Today everyone is waiting for news from Apple. Fortunately, or unfortunately, the days when Apple completely ruled the market, are gone, so today’s news of product releases is not likely to have a broad impact. but will make for plenty of news.

WEDNESDAY:  A little bit of an Apple letdown yesterday leaves nothing else for the week to act as a propellant. After yesterday’s weakness and the second consecutive such day it wobn’t take long for whispers of correction to start again, unless today’s early morning indication can have legs.

THURSDAY:    Another weak day ahead as the pre-open futures are expressing some convicttion that has been missing for quite a while

FRIDAY:  Despite an omenous pre-opening futures yesterday the market acquitted itself nicely and didn’t leave a big hole needing to be conquered. Today may be a quiet day, but I’d certainly welcome some upside bias.

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – September 1 – 5, 2014

 

 

 

 

 

Selections

MONDAY:  Happy Labor Day

TUESDAY:     Quiet start to greet everyone back from summer vacation and equally quiet on geo-political front. Lots of Federal Reserve Governor speakers this week, but other than Employment Situation Report on Friday, not much planned.

WEDNESDAY:  No real news today, but tomorrow is the delayed ADP Report in advance of Friday’s Employment Situation Report, but no one really cares, as focus is on tomorrow’s ECB statement which may serve to pump up European stock markets, but maybe at the expense of our own

THURSDAY:    ADP and ECB today and the pre-opening market seems to be expecting positive news, as news of a 500 billion Euro quantiative easing is leaked

FRIDAY:  Employment Situation Report today and the last two of 5 Federal Rezerve Governors to speak since yesterday’s closing bell.

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – August 25 – 29, 2014

 

 

 

 

 

Selections

MONDAY:  Another relatively quiet week on the economic news front and coming off a quiet week on the geo-political front, both would seem to make for a positive beginning to the week’s trading.

TUESDAY:     Yesterday lived up to its potential and today has no apparent roadblocks to a continuing climb higher, as a technician might agree, as the pattern of higher highs and higher lows continues uninterrupted.

WEDNESDAY:  S&P 500 hits 2000 and starts to get people’s interest, as talk increases of money coming off sidelines. Who made that observation? No one other than chairman of S&P 500 Index, himself. Markets look to be quiet to start the day as these round numbers always make people circumspect or ebullient.

THURSDAY:    With yesterday’s market in suspended animation it was still enough to set another new record on the S&P 500 as the market awaits GDP and Jpbless Claims to end the summer.

FRIDAY:  Likely to be one of the slowest trading days of the year, but despite a seemingly flat open, any news can end up being big news, especially if geo-political and facing a long holiday weekend ahead

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – August 11 – 15, 2014

 

 

 

 

 

Selections

MONDAY:  Another very quiet and abbreviated economic news week and the international front seems a bit quieter. Not a bad combination to begin the week and hopefully continue Friday’s very strong showing

TUESDAY:     Another day where only quiet can really be justified, as news is lacking on all fronts. Today, however, doesn’t have some of the same kind of jump start stimulus as yesterday had, with Kinder Morgan’s news.

WEDNESDAY:  Another day devoid of major news, marred a little by Macys earnings, but still looking to continue the week’s narrow range

THURSDAY:    They’re not shopping at Wal-Mart? They’re not shopping at Macys? Maybe Nordstrom? It can’t all be at Amazon.

FRIDAY:  No real news to end the week, which is on track to become the strongest in nearly 2 months

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – August 4 – 8, 2014

 

 

 

 

 

Selections

MONDAY:  First signs to start the week are that there is no follow through to last week’s late sell-off, so basically we start the week where we were on June 3, 2014.

TUESDAY:     No more bounce seems to be left following yesterday’s rebound. The remainder of the week has relatively little expected news and earnings reports are dwindling down along with the summer.

WEDNESDAY:  Another gloomy start to the day appears to be in store as Europe sets the tone as Italy is now in recession and Russia is knocking on Ukraine’s door

THURSDAY:    The ECB rate announcement is a non-event and markets remain flat after yesterday’s lack of direction, hopefully taking us closer to the week’s end without any great surprises.

FRIDAY:  An abysmal week for the markets comes to an end as it approaches a 5% decline from its highs mostly on non-market news.

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – July 14 – 18, 2014

 

 

 

 

Selections

MONDAY:  Not much news scheduled this week, other than lots of earnings reports, but the market appears to be ready to get off to a nice start to begin trading, with a little bit of surprising earnings help from Citigroup.

TUESDAY:     More good earnings from financial sector with JP Morgan and Goldman Sachs reporting. Congressional testimony from Janet Yellen over the next two days could add to sense that economic expansion is now really taking hold.

WEDNESDAY:  More mergers may add market fuel, but historically that has meant the approach of a market top. When you’re spending other people’s money you’re very often unaware of  or indifferent to value

THURSDAY:    Weak European markets looking to upset the party here, as more bank earnings point to something good going on, at least on one level of the economy.

FRIDAY:  With news of airplane downing and ground assault on Gaza now old, the market seems to be ready to settle down after yesterday’s accelerating sell off during afternoon trading

 

 

                                                                                                                                           

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Weekly Summary

  

Dashboard – July 7 – 11, 2014

 

 

 

 

 

Selections

MONDAY:  Not much news scheduled this week, other than lots of earnings reports, but the market appears to be ready to get off to a nice start to begin trading, with a little bit of surprising earnings help from Citigroup.

TUESDAY:     More good earnings from financial sector with JP Morgan and Goldman Sachs reporting. Congressional testimony from Janet Yellen over the next two days could add to sense that economic expansion is now really taking hold.

WEDNESDAY

THURSDAY:   

FRIDAY

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – June 30 – July 3, 2014

 

 

 

 

 

Selections

MONDAY:  A very shortened trading week finishing off with the Employment Sitiuation Report. With low volume likely there could be some exaggerated moves ahead

TUESDAY:     A little early morning strength would be nice if spilling over to and then growing in the regular session, in what still should be a quiet day.

WEDNESDAY:  This morning’s ADP Report leads to tomorrow’s Employment Situation Report which leads to a long, long wekend. Yesterday’s low volume rally awaiting some reason to continue, although not as if it needed any reason to start

THURSDAY:    Important statistics due, shortened trading day and low volume. What’s not to like? All bets off until Employment SItuation Report is released and then whoever hasn’t already left for the holiday will rule the day.

FRIDAY



 



                                                                                                                                           

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