Market Weekly: Nov 17 – Nov 26 2018

Viewing 15 posts - 1 through 15 (of 29 total)
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  • #19004

    Where have we been and where are we…. Power was successfully restored at home Sunday afternoon & counting blessings for safety & that car & home were not adversely damaged (as some of my neighbors had major impacts)

    [article]1211[/article]

    [color=brown][size=5][i]HAPPY THANKSGIVING WEEK TO ALL … watch this video if you want to see what this season is about 8)
    [/i][/size][/color]

    #19005
    TradersCom
    Keymaster

    Ahead on Sunday night – watching Natural gas gap up over 20 cents on the latest weather also:

    Ahead: Sunday Evening ET
    Sunday, November 18, 2018
    16:45 #NZD PPI (QoQ) (Q3)
    18:50 #JPY Trade Balance (Oct)
    19:01 #GBP Rightmove House Price Index (MoM)
    22:30 $JPY BoJ Governor Kuroda Speaks

    Have a great Thanksgiving Week all 🙂

    #19008

    [size=5][color=red][b]PPPLLLUUUNNNGGGGGGGEEEEE …. DOW & OIL Futures down at start
    as it is a MAD, MAD, MAD WORLD out there[/b][/color][/size] :woohoo:

    #19009
    TradersCom
    Keymaster

    US November NAHB housing market index Lowest since Aug 2015

    60 vs 67 expected, Prior 68

    Single family homes 67 vs 74 prior
    Sales over next six months 65 vs 75 prior
    Prospective buyers 45 vs 53 prior

    #19010

    MINUS 400 on DOW & MINUS 180 on NAZ

    As TC shares above — the bad housing # leading to massive SELL-OFF .. I actually bought some “falling knives” on DIP today as I still have quite a bit safely parked … As Market Watch shares “[color=red]Stock-market decline accelerates after big drop in home-builder confidence[/color]” … I believe [color=red]FED is moving too quickly on rate hikes[/color”>

    #19011
    ThePitBoss
    Participant

    [color=red][b]European Stock market closes to Start off the week:
    [/b][/color]

    French CAC -0.9%
    Germany DAX -0.9%
    Italy MIB -0.1%
    Spain IBEX -0.5%
    UK FTSE 100 -0.2%

    #19015

    OOOOHHHH THE HUMANITY … markets got smashed like my REDSKINS did verses TEXANS yesterday 😉 :woohoo:
    [size=6][b][color=red]Dow 25,017.44 -395.78 -1.56%
    S&P 500 2,690.73 -45.54 -1.66%
    Nasdaq 7,028.48 -219.40 -3.03%[/color]
    Gold 1,224.60 1.60 0.13%
    Oil 57.17 0.71 1.26% [/b][/size]

    #19016
    Truman
    Participant

    [quote=”CautiousInvestor” post=8820]OOOOHHHH THE HUMANITY … markets got smashed like my REDSKINS did verses TEXANS yesterday 😉 :woohoo:
    [size=6][b][color=red]Dow 25,017.44 -395.78 -1.56%
    S&P 500 2,690.73 -45.54 -1.66%
    Nasdaq 7,028.48 -219.40 -3.03%[/color]
    Gold 1,224.60 1.60 0.13%
    Oil 57.17 0.71 1.26% [/b][/size][/quote]

    Getting near those end of year (2017 levels again.

    Dow 2017 close 24719. Today close 25017 or 298 points away.
    S&P 2017 close 2673.61. Today’s close 2690.73 or 17.12 points away
    Nasdaq 2017 close 6903. Today’s close 7011.398 or 108 points away

    #19019

    [color=teal][size=5][b]THANKSGIVING DAY – may be one of the COLDEST on RECORD in NE USA
    NYC in mid-20F range for highs (30F in SW VA) — will be a cold Macy Day parade[/b][/size][/color]
    https://weather.com/forecast/regional/news/2018-11-18-thanksgiving-day-record-cold-northeast/

    KEEP AN EYE ON THOSE COLD & SNOWY DAYTON SKIES

    #19021
    TradersCom
    Keymaster

    More housing reports:

    US Housing Starts Oct: 1228K (exp 1225k Rev prev 1210K from 1201k)

    US Housing Starts (M/M) Oct: 1.5% (exp 2.0%; Rev prev -5.5%)

    US Building Permits Oct: 1263K (exp 1260K; prev 1270K)

    US Building Permits (M/M) Oct: -0.6% (exp -0.8%; prev 1.7%)

    #19024

    [color=red][size=6][b]PPPPLLLLUUUNNGGGEEES – FUTURES ARE IN SELL-OFF MODE :woohoo:
    DJIA F 24,669 -360 -1.44% 
    S&P F 2,657.25 -39.00 -1.45% 
    NASDAQ F 6,526.50 -145.50 -2.18%[/b][/size][/color]

    Today’s theme song is special tribute to one of my favorite country artists Roy Clark who just passed
    https://www.youtube.com/watch?v=BkzE23pyME4

    #19028

    [size=5][color=red][b]MINUS 350 (but that is actually up some from lows) … BULLs are exploring the “HOLD” support levels… and those who are overleveraged, short sellers, etc. have all been hurt as we may be heading for global recession. BITCOIN was run up by China last year & even that is now down in 4,000 range so while USA economy has some improvements EU & Japan are still more in ZIRP mode.

    I’m not sure if markets are open of FRIDAY, but we could have a DOUBLE BLACK FRIDAY … And if so, it will be time to dust off the CIRCUIT BREAKERS … the FED should pause at DEC 2018 meeting, as they are hurting poor & middle class who have tons of credit card or other debt … Some middle ground between Jerome & Janet would have more appropriate[/b][/color][/size]

    #19031
    ThePitBoss
    Participant

    [color=red]Closing European Stock markets All in The Red

    French CAC -1.2%
    Germany DAX -1.6%
    Italy MIB -1.6%
    Spain IBEX -1.5%
    UK FTSE 100 -0.65%
    [/color]

    #19032
    MoneyNeverSleeps
    Participant

    Bond Trader Jeff Gundlach from Doubleline

    US stocks not in a deflationary bear market because bonds aren’t rallying as stock prices fall
    We don’t have anything resembling a panic low in US stocks; even with the selloff, market is still overbought
    Investors should avoid US investment, focus on capital preservation
    Bitcoin is the embodiment of the fringe of speculative instinct and poster child for access current market environment

    #19034


    [color=red][size=6][b]Dow 24,465.64 -551.80 -2.21%
    S&P 500 2,641.89 -48.84 -1.82%
    Nasdaq 6,908.82 -119.65 -1.70%
    Gold 1,222.10 -3.20 -0.26%
    Oil 53.23 -3.97 -6.94% [/b][/size][/color]

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