Market Weekly: Dec 24 – Dec 30 2018

Viewing 15 posts - 16 through 30 (of 42 total)
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    [size=5][b][color=green]THE BoxingDay Rally no holiday for ‘Merica AND BOOM – BEST Rally since 2009

    Best day since March 2009
    $SPX +116.65 or 4.96% at 2467.75
    $NDX +361 or 5.84% at 6554.35
    $DJIA +1086 or 4.98% to 22878.45 = largest daily point gain EVAH[/color][/b][/size]


    US treasury Auctioned $41B of 5 year notes at 2.652%, last auction at 2.88%

    Bid to cover 2.09x vs 2.49x last, weakest since July 2016.

    53.6% to indirect bidders
    9.6% to direct bidders
    36.8% to primary dealers



    [size=5][b][color=red]PPPPLLLLLUUUUNNNGGGGEEEE – DOW futures off 330 points
    as volatility & dangers are still present[/color] 😮

    [color=green]I had setup a Roth months ago (money market initially & rolled it all to VTSAX on Christmas eve)
    I am thankful to our creator — for some of best timing ever (4.97% one day gain – but it won’t last)
    and no regrets if we go much lower as I believe USA economy is better than what doomers are saying

    The TRADERS COMMUNITY site is highly educational & am thankful to be here to learn & share 8)



    MarketWatch (aka “GhostWatch” – lol) has an interesting take on the 1 day wonder yesterday … noting that we still are in a highly volatile market for equities & oil :woohoo:

    [size=5][b]MarketWatch Opinion: That massive one-day stock market rebound was a sucker’s rally

    [size=5][color=blue][i]Many traders and investors were expecting (or hoping for) a huge rally in the stock market this week. And they got it — at least for one day.

    The contrarian signs were there: bearish sentiment in the AAII survey rose to a five-and-a-half year high; at the close on December 24, the technical indicator, RSI (Relative Strength Indicator) plunged well-below 30 (oversold) to around 19 — a level not seen in a decade. Moreover, the financial media also turned negative, so it’s been hard to find many bullish articles. And then, like a dream come true, both the Dow Jones Industrial Average DJIA, +4.98% and the S&P 500 SPX, +4.96% rallied 5% on the day after Christmas, shattering records and surprising nearly everyone.

    Except that “the most violent, fast, parabolic countertrend rallies mostly occur inside bear markets,” veteran market technician Jeff Bierman said in an interview. “This was a ‘dead-cat bounce’ short squeeze that was engineered by the high-velocity algorithms. The market went up too far, too fast to believe it is more than a one-day wonder.”[/i][/color][/size]


    Updating $USDCAD with Canada back after Boxing Day holiday with oil off yesterday’s highs and S&P 500 futures down 38 points to 2434, the pullback has seen USDCAD trade 1.3635 the highest since April 2017.


    [b]US October FHFA House Price Index +0.3% as Expected m/m, Prior +0.2%
    Prices up 5.7% in 12 months through October


    US December Conference Board Consumer Confidence 128.1 v 133.7 expected, Prior 135.7

    Present situation 171.6 vs 172.7 prior
    Expectations 99.1 vs 111.0 prior
    Jobs hard to get 11.6 vs 12.6 prior

    “Expectations regarding job prospects and business conditions weakened, but still suggest that the economy will continue expanding at a solid pace in the short-term. While consumers are ending 2018 on a strong note, back-to-back declines in Expectations are reflective of an increasing concern that the pace of economic growth will begin moderating in the first half of 2019,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board in the release.


    -456 on DOWohhh the humanity 😉 :ohmy:


    Nasdaq Gives Back 50% Of Yesterday’s Pop

    We have pulled back to test the 50% on most stock markets $SPX $DJIA $ES_F today of yesterday’s rally Here we are at 50% $NDX and top of 60 cloud is this a 1-2 or was yesterday the Dead cat ABC complete?


    Is the Plunge Protection Team on Strike Today …


    [size=5]^^^ LOL and +1 … yes, the PPT have arrived 🙂
    only 100 points down (after being over 500 down earlier)
    this puppy could even go green
    if BEARS at bay – lol 8)[/size]


    European Stock Market Closes

    [color=red]France CAC40 -0.6%
    Germany DAX -2.4%
    Spain IBEX -1.6%
    Italy MIB -1.8%
    UK FTSE 100 -1.5%[/color]


    [color=limegreen][size=6][b]Dow 23,138.82 260.37 1.14%
    S&P 500 2,488.83 21.13 0.86%
    Nasdaq 6,579.49 25.14 0.38%
    Gold 1,277.60 4.60 0.36%
    Oil 45.52 -0.70 -1.51%[/b][/size][/color]


    US treasury sells $32 billion 7 year notes at 2.68%

    Bid to cover at 2.46x vs 2.55x at last auction
    27.75% of bids were at high yield
    Directs 14.6%
    Indirects 67.4%
    Primary dealers 18%

Viewing 15 posts - 16 through 30 (of 42 total)
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