Market Weekly: July 16 – 24 2018

Viewing 7 posts - 31 through 37 (of 37 total)
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  • #17432
    TradersCom
    Keymaster

    US initial jobless claims 207K vs 220K est
    Prior week was revised slightly higher to 215K vs 214K
    Four-week moving average fell to 220.5K vs 223.25K last week

    The continuing claims comes in at 1751K vs 1729K est.
    Prior week was revised higher to 1743K versus 1739K

    Note: jobless claims reach the lowest since December 1969

    #17440

    >>> +1s … YES – Economically things continue to look good … Some minor selling as DOW is down 108 with profit taking … And today — the media-swamp complex is off the charts again — but it the “same song – different day” as a lot of colluding apparently went on — and they are out to prove it πŸ˜‰ and #45 took EU to woodshed on $5.1B fine on Google πŸ™‚

    #17442
    Truman
    Participant

    Trump speaking on CNBC

    Strong dollar puts the US at a disadvantage
    Feds Powell is a very good man
    Raising rates puts the US at a disadvantage vs others.
    Letting the Fed do what they feel is best
    “I’m not thrilled because we go up and every time they go up, they want to raise rates again.”

    #17446

    [size=5][color=red][b]Dow Jones 25,064.50 βˆ’134.79 (0.53%)
    S&P 500 2,804.49 βˆ’11.13 (0.40%)
    Nasdaq 7,825.30 βˆ’29.15 (0.37%)
    Russell 2000 1,701.31 +9.44 (0.56%)
    NYSE Composite 12,786.48 βˆ’36.75 (0.29%)[/b][/color][/size]

    #17455
    Truman
    Participant

    I just noticed the Russell was Up CI – gives you an idea of what is sustaining the market through all the trade noise etc

    #17460

    [size=4][color=limegreen][b]^^^^ +1 and CHEERS … Markets are down a tad on leading sensational headlines on #45 from a decade ago

    Still it is TGIF today & will soon be hiking & taking photos soon — as the DEER love our apple orchard :woohoo:
    … but hope to get picture of brand new fawns 8)

    AGREE 100 % — R2K is leading indicator & so is NASDAQ … Small business doing better with tax cuts alone πŸ™‚ I’m bullish but cautious esp. based daily attacks (a few warranted but most are not in my opinion)

    and as Greenspan notes – the MOST IMPORTANT indicator is 10YR bond :whistle: … Soon will be time for the PIT BULLS on WALL ST to hit nearest WATERING HOLES in NYC πŸ˜‰ 8)[/b][/color][/size]

    #17461


    [size=5][b][color=red]Dow Jones 25,058.12 βˆ’6.38 (0.025%)
    S&P 500 2,801.83 βˆ’2.66 (0.095%)
    Nasdaq 7,820.20 βˆ’5.10 (0.065%)
    Russell 2000 1,696.81 βˆ’4.50 (0.26%)[/color]
    NYSE Composite 12,789.90 +3.42 (0.027%)[/b][/size]

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