Market Weekly: June 18 – 22 2018

Viewing 15 posts - 1 through 15 (of 31 total)
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  • #17069

    Where have we been and where are we…

    [article]871[/article]

    #17070
    Helmholtz Watson
    Participant

    Thank you – yummy, yummy Fed, ECB, BOJ and RBA speakers just missing BoE and a little OPEC and Trade war thrown in !!!

    #17074
    ClemSnide
    Participant

    Oracle, Micron and Redhat all big earnings – $MU broke out last week also.

    #17078
    TradersCom
    Keymaster

    Happy Fathers Day Dads πŸ™‚

    #17083
    MoneyNeverSleeps
    Participant

    Oil is being sold off already 64 with the Sunday open – speculators all long and China tariffs combined with OPEC nerves

    #17087

    Good morning & HOLY TRADE WARS :woohoo: Do hope all fathers had a great day yesterday πŸ™‚ … Selling to start off the week — although a nice “cat bounce” has occurred off the lows … not all new initiatives will be done with a roaring success — but more “good” than “bad” is being done these days at least economically πŸ˜‰ πŸ˜†

    #17089
    Helmholtz Watson
    Participant

    NAHB housing market index for June 68 vs. 70 expected, Prior 70

    index of current single family home sales 75 versus 76 in May
    index of prospective buyers 50 versus 51 in May
    index of home sales over next 6 months 76 versus 77 in May

    The NAHB cites lumber prices for dropping homebuilder sentiment Tariffs on lumber from Canada has added nearly $9000 the price of a new single-family home since January 2017. Lumber prices rose to a record in May

    Higher mortgage rates, the shortage of affordable price listings, and higher property values make purchases less attractive especially for 1st time buyers

    The index fell to 64 in the Midwest from 67
    In the south it dropped to 69 from 71
    In the North East it rose to 61 from 56
    West posted a rise to 76 from 75

    Note December 74.0 was an 18 year high

    #17090
    Super Harley
    Participant

    Draghi did not make any telling remarks from what I see. He does talk again at 4 AM ET. Then on Wed at 9,30 ET a panel discussion between Draghi, FOMC chair Powell, BOJ Kuroda and RBA’s Lowe.

    #17091

    [color=purple][b]Some minor profit taking based on both future FOMC & TARIFF concerns
    Dow Jones 24,987.47 βˆ’103.01 (0.41%)
    S&P 500 2,773.87 βˆ’5.79 (0.21%)
    Nasdaq 7,747.02 +0.65 (0.0083%)
    Russell 2000 1,692.46 +8.55 (0.51%)
    NYSE Comp 12,708.64 βˆ’26.00 (0.20%)

    P.S. batton down the hatches in TEXAS as an unnamed storm is impressive on radar :woohoo: [/b][/color]

    #17092

    [size=5][color=red][b]PPPPLLLUUUNNNGGGGGEEEEEEE 😳
    DOW FUTURES OFF NEAR 400 POINTS :ohmy:
    USA THREATS TO UP ANTE TO $200B IN TARIFF WARS :woohoo:[/b][/color][/size]

    #17093

    And may the FORCE BE WITH US — if 6th branch of military is created πŸ˜‰ 8)

    #17094
    TradersCom
    Keymaster

    More tariff nuttiness Trump says $200 billion on China – China retaliates – China inex shudders as do US – this is getting silly – lets hope there is a plan..

    #17095
    TradersCom
    Keymaster

    More tariff nuttiness Trump says $200 billion on China – China retaliates – China inex shudders as do US – this is getting silly – lets hope there is a plan..

    #17096
    TradersCom
    Keymaster

    More tariff nuttiness Trump says $200 billion on China – China retaliates – China inex shudders as do US – this is getting silly – lets hope there is a plan..

    #17097
    TradersCom
    Keymaster

    More tariff nuttiness Trump says $200 billion on China – China retaliates – China inex shudders as do US – this is getting silly – lets hope there is a plan..

Viewing 15 posts - 1 through 15 (of 31 total)
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