Market Weekly: Dec 10 – Dec 16 2018

Viewing 15 posts - 1 through 15 (of 41 total)
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    [color=purple][size=5][i]Where have we been and where are we…
    Our area set a snowfall record of 15″ in Roanoke area in single day 8)
    Thankful our power is still on — and improving conditions on the way at end of week :)[/i][/size][/color]


    Helmholtz Watson

    Stay warm CI – fantastic photo! – Have a great week

    Helmholtz Watson

    The fear in the markets and crashed oil has hit inflation and Kudlow says slower inflation could cause Fed to slow hikes

    From the WSJ: “I’m reading all these Fed officials are now saying that the inflation rate is actually coming down a bit. Sounds to me like the Fed’s spokespeople are signaling maybe one more rate hike in December, later this month, and maybe no more for quite some time. Or maybe they won’t move this month.”


    When the market is all one way and margined to the hilt>>>>>

    [color=red]S&P 500 breaks the October low 2603 low straight to 1286 as stops go off

    Nasdaq index below end of 2017 closing level of 6903.38 at 6888

    Joins S&P and Dow below their 2017 end of year closing levels last week.[/color]


    [color=red][size=5][b]European Stockmarket closes

    [color=red]France CAC -1.6%
    German DAX -1.7%
    Spain IBEX -2.2%
    UK FTSE 100 -0.7%[/color]


    Brexit mayhem continues:

    PM May spokesman:

    We are not going to extend Article 50
    Don’t think PM May set a new date for vote which will depend on her getting the reassurance parliament needs on a backstop
    There are difficulties in reopening the deal, but nothing is off the table
    Final two days of debate on Brexit deal and vote will be deferred
    Doesn’t think there was anything to gain in suffering a significant defeat
    We wouldn’t go through the process of going to Brussels if we didn’t think we could get reassurances


    If you believe in Omens:

    The statue of the “Fearless Girl” has been moved to her new home in front of the New York Stock Exchange.

    The Fearless Girl statue is unveiled at her new home facing the New York Stock Exchange (NYSE) during an event on December 10, 2018 held by the city of New York and State Street Global Advisors.

    Her reinstallation was unveiled Monday in a premarket ceremony attended by top executives of the NYSE and State Street Global Advisors.
    The sculpture, sponsored by SSGA, had been staring face to face with Wall Street’s iconic “Charging Bull” statue in Bowling Green park since March 2017. It was removed last month after complaints that it had distracted from the bull. The original spot bears only a plaque with the outline of footprints. Visitors are encouraged to “stand for her” there.

    “Fearless Girl was initially intended to stay in New York for just seven days, but earned a place in people’s hearts. And in doing so, she has earned the opportunity to extend her stay,” Lori Heinel, SSGA’s deputy global chief information officer, said at the unveiling ceremony.

    State Street commissioned the statue to call attention to the role of women in corporate America and its “gender diversity index” fund.
    More than 300 companies responded to the firm’s call by adding a female director and another 28 have committed to do so since the introduction of Fearless Girl in 2017, SSGA’s president and CEO Cyrus Taraporevala said at the event.


    [size=5][color=blue][i][b]HAVE NO FEAR unless you are a BITCOIN investor :woohoo:
    although I liked the OLD location facing the BULL better[/b][/i][/color][/size] 😉 8)
    [size=6][b][color=limegreen]Dow 24,423.26 34.31 0.14%
    S&P 500 2,637.72 4.64 0.18%
    Nasdaq 7,020.52 51.27 0.74%[/color]
    Gold 1,249.80 -2.80 -0.22%
    Oil 50.89 -1.72 -3.27%
    BITCOIN 3,476[/b][/size]

    Super Harley

    [quote=”MoneyNeverSleeps” post=9028]When the market is all one way and margined to the hilt>>>>>

    [color=red]S&P 500 breaks the October low 2603 low straight to 1286 as stops go off

    Nasdaq index below end of 2017 closing level of 6903.38 at 6888

    Joins S&P and Dow below their 2017 end of year closing levels last week.[/color][/quote]

    Quite the beartrap today – the stops ran – probably some big breakdowns shorts when on and right back through them


    US November NFIB small business optimism index 104.8 vs 107.3 expected. Prior 107.4

    Compensation increases to its highest in nearly 30 years while expected business conditions and expected real sales scale back

    Small business optimism posted a modest decline in November with a reading of 104.8, while continuing its exceptionally strong two-year trend, according to the NFIB Small Business Optimism Index. Slightly more than half of the decline was attributable to Expected Business Conditions and Expected Real Sales. Increases in compensation tied a near 30-year high as owners seek to attract more qualified candidates. An increasing percentage of owners reported capital outlays and higher sales.

    “Small business owners are enthusiastic about the economy and have demonstrated their optimism by raising wages, creating new jobs, and investing in their businesses throughout 2018,” said NFIB President and CEO Juanita D. Duggan. “Overall, small business owners have shown a historic trend in optimism for their businesses and the economy and continue to be the driving force behind economic growth.”

    Small Business Optimism Remains Historically High in November


    US November PPI +2.5% y/y as expected, Prior +2.9% y/y

    Ex food and energy 2.7% vs 2.5% expected, Prior 2.6%
    PPI ex food energy and trade 2.8% vs 2.8% prior
    PPI +0.1% vs 0.0% exp (0.6% prior)

    Ex food and energy +0.3% vs +0.1% exp

    Ex food, energy and trade +0.3% vs +0.2% expected

    “Most of the November advance in prices for final demand services can be traced to margins for fuels and lubricants retailing, which jumped 25.9 percent,”

    “The indexes for health, beauty, and optical goods retailing; cellular phone and other wireless telecommunications services; airline passenger services; food wholesaling; and truck transportation of freight also moved higher.”


    Despite Brexit Chaos UK average earnings rise fastest in 10 years

    Employment increased by 79,000 in the three months to October to 32.4 million, the highest since records began in 1971.

    Unemployment also increased, up by 21,900 to 1.38 million after a big increase in the number of men out of work, although still 49,000 lower than a year ago, the Office for National Statistics said.

    The UK’s jobless rate is now 4.1%, 0.2 percentage point lower than a year ago.

    The ONS also reported average earnings increased by 3.3% in the year to October, accelerating from 3.1% the previous month. It was the highest figure since 2008 and is more than the latest inflation rate of 2.4%.

    The ONS said average weekly earnings, adjusted for price inflation, increased by 1.1%, including bonuses, compared with a year ago. ■


    Theresa May on Thin Ice as UK Conservatives send in the 48 letters needed to trigger no-confidence vote on her

    via Sky political editor says they have met the threshold and there will be a vote on her leadership. Pound continued its self off to 1.2502 from 1.2560



    European stockmarket closes

    [color=green]France CAC, +1.71%
    Germany Dax, +1.9%
    Italy FTSE MIB, +1.0%
    [/color][color=red]Portugal PSI 20n -0.28%
    [/color][color=green]Spain Ibex, +1.18%
    UK FTSE, +1.66%[/color]


    With this chaos market moving as it is – keeping it unemotional is crucial here’s a look at the 30 min #ichimoku and #MurreyMath Grid – Use if with your Weekly through to 10 minutes for your plan

    With the 10 min #ichimoku and #MurreyMath Grid – what helped you stay int he trade was the 30 min with the pivot inside the 30 cloud – important to be comfortable with time frames that suit

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