- 02 Mar '19 at 1:24 am #20013
[color=purple][size=5][i]Where have we been and where are we are going 🙂
Winter Storm “SCOTT” will bring us some ice/snow in SW Virginia
Thankfully only rain so far — as the herd & me are anxious for Spring 8)
This will be an interesting week ahead in the markets & hope for best ahead [/i][/size][/color]
[article]1401[/article]03 Mar '19 at 9:13 pm #20014ClemSnideParticipant
Thank you for all the information and charts – helps me greatly with my trading plan for the weekend ahead 🙂04 Mar '19 at 8:11 am #20017
China NPC spokesman Zhang Yesui says substantial progress made in trade talks with the US via Bloomberg,
Says China-US ties mutually beneficial
China to seek cooperation with US, also to safeguard its sovereignty
China foreign minister comments on new foreign investment law to strengthen IP protection
Moving towards better IP protection in China are positive for US China Trade Talks04 Mar '19 at 7:03 pm #20021
[size=5][color=purple][i]Thoughts & prayers extend for families of the 23 lost in torandic storms yesterday
It is start of Spring Tornado season — and dangerous time in South & East USA
Scientists in 2nd link share that more clustering are occurring in outbreaks as documented in 2nd link :unsure: [/i][/color]
[b]https://www.cnn.com/2019/03/03/us/tornadoes-alabama-georgia-wxc/index.htm04 Mar '19 at 7:34 pm #20022
[color=blue]CPAC 2019 POTUS address
[i]may be one of his best speeches so far & bookmarking to watch with my better 1/2 later
and while I don’t agree with all things, etc.it was excellent focus on key issues for nation
and even unscripted which very few people talk extemporaneously for 2 hours
as one talk radio host noted — Regan had Ed Meese – where #45 does it alone for better or worst 😉 :)[/i][/color]
04 Mar '19 at 7:40 pm #20023Super HarleyParticipant
Terrible news with tornadoes loss of life – maybe may make the keyboard warriors on social media take a break – oh no that hasn’t happened – very tired of the people out there – grateful for this forum 🙂04 Mar '19 at 7:41 pm #20024
Apple trying to get back to that 200 wma –
today +1.1% near 90 day high after Wedbush analyst Dan Ives said reports that U.S. and China are close to reaching a wide-ranging trade deal would be a boost to $AAPL04 Mar '19 at 8:30 pm #20025
[size=5][color=green][b]Further to the Apple move ….
Shares of $AMZN flirting with its’s 200wma +1.55% Monday to flip back over Apple $AAPL into second place of largest U.S. companies by market capitalization.
Microsoft $MSFT $864.1 billion
Amazon $837.4 billion
Apple’s $834.3 billion04 Mar '19 at 10:43 pm #20028
Minus 333 on DOW :ohmy:
Some slightly weaker economy stats (partially due to GOVT shutdown) plus some China/USA trade war concerns
Mainly some excuse for a little profit sharing 🙂 :whistle:[/b][/color]
05 Mar '19 at 3:08 am #20029
Some WALL STREET beef got cooked today 😉 :woohoo: :woohoo: :woohoo:
[size=6][color=red][b]Dow 25,819.65 -206.67 -0.79%
S&P 500 2,792.81 -10.88 -0.39%
Nasdaq 7,577.57 -17.79 -0.23%
GlobalDow 3,002.13 -6.42 -0.21%
Gold 1,287.70 -11.50 -0.89%
Oil 56.45 0.65 1.16%[/b][/color][/size]05 Mar '19 at 3:13 am #20030Helmholtz WatsonParticipant
[b]US Treasury Secretary Mnuchin says temporary debt issuance suspension March 4 through June 5
to avoid exceeding debt limit.[/b]
Mnuchin adds temporarily suspending making investments into a civil service retirement fund and a postal service retirement fund.
These are among the actions that Mnuchin is allowed to take to keep from exceeding the debt limit, which went back into effect on Saturday at a level of $22 trillion.
[img size=500 ]https://pbs.twimg.com/media/D02c3wPXgAIqtoL.png
The Congressional Budget Office said in a report that issuing new securities for the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund pushed the debt up by $3 billion each month. Mnuchin said both funds would be made whole once Congress approves an increase in the debt limit.
“I respectfully urge Congress to protect the full faith and credit of the United States by acting to increase the statutory debt limit as soon as possible,” Mnuchin said in his letter.05 Mar '19 at 7:43 pm #20035
Markit US February final services PMI 56.0 vs 56.2 expected
Prelim reading was 56.2
Prior was 54.2
US services firms noted the steepest rise in business activity for seven months in Feb (56.0 vs 54.2 in Jan). Strain on capacity illustrated as employment and backlogs expand further. Composite output growth accelerates amid sharper services upturn.
Composite index 55.5 vs 55.8 prelim
“The US PMI surveys tell a tale of two economies in February, with any slowdown story confined to the goods-producing sector. While manufacturing
struggled, with the surveys consistent with a near stalling of factory output and order books, the service sector remained encouragingly resilient, enjoying its strongest burst of activity for seven months.
With the size of the vast service sector overshadowing the manufacturing sector, the two surveys suggest the overall pace of economic growth accelerated in February. Having correctly indicated that the economy grew at a slower but still solid pace in the fourth quarter (our model from the survey indicated 2.5% growth against an initial official estimate of 2.6%), the data for the first two months of 2019 point to a similar 2.6% annualised rate of expansion.05 Mar '19 at 8:16 pm #20037
US February ISM Non-manufacturing index (Services) 59.7 vs 57.4 expected
New orders 65.2 v 57.7 prior — highest since 2005
Employment 55.2 v 57.8
Prices paid 54.4 v 59.4 prior05 Mar '19 at 8:24 pm #20038
US Dec New Home Sales for Dec 621K vs 600K est
BUT Prior month revised to 599K From 657K estimate
The gain was 3.7% vs -8.7% expected. BUT % changes with a huge revision?
3 month average 589.6K vs 589.6K last month.
Mean price $377K vs $357K last month, down -6.4% from last year (-$25.9K)
Median sales price $318.6 vs $303.5K last month, down -7.2% from last year (-$24.7K).
Month’s supply is 6.6 months, down from 6.7 months last month06 Mar '19 at 2:12 am #20049
[b][color=red][size=5]Dow 25,806.63 -13.02 -0.05%
S&P 500 2,789.65 -3.16 -0.11%
Nasdaq 7,576.36 -1.21 -0.02%
GlobalDow 2,996.48 -3.89 -0.13%
Gold 1,288.70 1.20 0.09%
Oil 56.24 -0.35 -0.62%[/size][/color][/b]
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