Market Weekly: Mar 10 – Mar 16 2019

Viewing 15 posts - 31 through 45 (of 52 total)
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  • #20144

    [color=purple][size=5][i]SUPER GREEN FINISH in spite of several concerns
    This market has a TICKET TO RIDE — but it won’t be on 737-MAX-8 😉 :)[/i][/size][/color]

    [size=6][color=limegreen][b]Dow 25,702.89 148.23 0.58%
    S&P 500 2,810.92 19.40 0.69%
    Nasdaq 7,643.41 52.37 0.69%
    Gold 1,309.50 11.40 0.88%
    Oil 58.33 1.46 2.57%[/b][/color][/size]

    #20145
    ThePitBoss
    Participant

    More my speed …

    #20150
    TradersCom
    Keymaster

    [color=red][size=5][b]US January new home sales 607K vs 622K expected
    Prior 621K revised up to 652K[/b][/size]
    [/color]

    Sales m/m -6.9% vs +0.2% expected
    Prior sales +3.7% m/m (revised to +3.8%)

    #20152
    ThePitBoss
    Participant

    British Parliament approved a measure to extend Brexit beyond the current March 29 deadline.

    If Members of Parliament (MPs) pass a new Brexit deal before March 20, the UK would leave the EU by June 30. If MPs reject the Brexit plan that will be presented to them by Prime Minister Theresa May, a longer extension would be needed and the EU would have to agree to it.

    Earlier this week, MPs rejected May’s Brexit deal by a wide margin for the second time this year.

    The result was via a 413-202 vote

    #20154

    [size=5][color=purple][i]Markets held ground well today — rather than climbing the “Stairway to Heaven” 🙂
    In 2012 – Supergroup HEART honored Led Zep. in attendance 8)
    with POTUS 44 in attendance at the Kennedy Center
    and maybe FUTURE POTUS 46 — if the media can talk her into it – lol :woohoo:
    and I agree with PitBoss that you can’t beat the original — but this one is close 8)[/i][/color][/size]
    [size=6][b]Dow 25,709.94 7.05 0.03%
    [color=red]S&P 500 2,808.48 -2.44 -0.09%
    Nasdaq 7,630.91 -12.50 -0.16%[/color]
    Gold 1,295.80 -13.50 -1.03%
    Oil 58.53 0.27 0.46%[/b][/size]

    #20155

    [color=blue][size=5][b]5 hours of STAR TREK (from each of 5 series)
    on HEROS & ICONS channel each day @ 8pm ET 🙂
    and it’s a FREE LOCAL station — life is great in the USA 8)
    https://www.handitv.com/schedule/%5B/b%5D%5B/size%5D%5B/color%5D

    #20156

    Sadly, 2 mosques were attacked overnight in mass shootings … My prayers & deepest sympathy to all impacted in this peaceful nation. I was sharing with my better 1/2 that Gene Rodenberry’s underlying theme in Star Trek has a crew of today’s “enemy nations” & diverse people all working together peacefully for the greater good of mankind … and in NEXT GEN – we even start getting along with the Klingons – lol … And thus for our own survival, we must get along with those are who different & hopefully better prevent attacks in future.

    [size=5][b]CHRISTCHURCH NEW ZEALAND – Terrorism attack & at least 49 perish
    https://apnews.com/ce9e1d267af149dab40e3e5391254530%5B/b%5D%5B/size%5D

    #20158
    ThePitBoss
    Participant

    Very sad times and in a peaceful nation

    #20159
    TradersCom
    Keymaster

    US March Empire Manufacturing Misses 3.7 vs 10.0 estimate to lowest since November 2016.
    Prior 8.8

    Employment 13.8 versus 4.1
    Average workweek -3.4 versus 2.5
    New orders 3.0 versus 7.5
    Shipments 7.7 versus 10.4
    Prices paid 34.1 versus 27.1
    Prices received 18.1 versus 22.9
    Inventory 0 versus -1.4
    Unfilled orders 2.2 versus -0.7
    Delivery time 1.4 versus 5.0

    Six-month lead index fell to 29.6 versus 32.3 last month.

    #20160
    TradersCom
    Keymaster

    [color=red]Canada February Existing Home Sales -9.1% v -4.0% expected lowest level since Nov 2012
    via CREA[/color]

    Prior was +3.6%
    Existing sales prices -0.1% y/y for first decline in 10 years
    Non-seasonally adjusted prices -5.2% from Feb 2018

    ” February home sales declined across a broad swath of large and smaller Canadian cities. The housing sector is on track to further reduce waning Canadian economic growth. Only time will tell whether successive changes to mortgage regulations went too far, since the impact of policy decisions becomes apparent only well after the fact,” sais CREA chief economist Gregory Klump

    #20162
    ThePitBoss
    Participant

    [quote=”TradersCom” post=9971][color=red]Canada February Existing Home Sales -9.1% v -4.0% expected lowest level since Nov 2012
    via CREA[/color]

    Prior was +3.6%
    Existing sales prices -0.1% y/y for first decline in 10 years
    Non-seasonally adjusted prices -5.2% from Feb 2018

    ” February home sales declined across a broad swath of large and smaller Canadian cities. The housing sector is on track to further reduce waning Canadian economic growth. Only time will tell whether successive changes to mortgage regulations went too far, since the impact of policy decisions becomes apparent only well after the fact,” sais CREA chief economist Gregory Klump[/quote]

    Canada has had some terrible data and political fallouts of late

    #20163
    TradersCom
    Keymaster

    [color=red][size=5][b]US February Industrial Production +0.1% v +0.4% expected
    [/b][/size][/color]

    Prior was -0.6% (revised to -0.4%)
    Manufacturing production -0.4% vs +0.1%
    Prior manufacturing production -0.9% (revised to -0.5%)

    Industrial Production year-on-year at 3.5%

    Capacity utilization 78.2% vs 78.5% expected

    #20164
    TradersCom
    Keymaster

    [size=5][color=green][b]U Mich March prelim consumer sentiment 97.8 vs 95.7 expected
    Prior 93.8[/b][/color][/size]

    Current conditions 111.2 vs 112.0 exp
    Expectations 89.2 vs 88.1 exp
    1-year inflation 2.4% vs 2.6% prior
    5-10 inflation 2.5% vs 2.3% prior

    #20165
    ThePitBoss
    Participant

    Sentiment shows you how tied to stockmarket prices it is

    #20166

    [size=5][i]^^^^ +1s … RALLY TIME on WALL STREET as DOW is up +100
    USA economy is strong due to good tax policy alone, which is why it’s holding up in tough times

    SPRING is on way — as saw 1st 2 Robins yesterday 🙂
    and members of DEER HERD are “heavy with child” (as fawns will appear in month or so) 8)

    Ghost & Hab hot pepper seeds are planted inside & have tomato plants started also
    Will be doing some planting of early Spring items this weekend (greens, radishes, broccoli, etc)
    Larger garden planned this year – as when fawns arrive — more mouths to feed – lol[/i][/size]

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