Archive for 2015

  • Stocks Retreat Back into Negative Territory for 2015 on Fridays Jobs Report


    DOW 17,737.37  -170.50 points or  -0.95%
    S&P 500  2,044.81  -17.33 points  -0.84%

    NASDAQ  4,704.07  -32.12 points or  -0.68%

    Russell 2000  1,185.68  -10.45 points or  -0.87%

     

    After Jumping positive on the year Thursday, stocks retreated back into negative territory for 2015 on the mixed Jobs report. The Market opened slightly down and proceeded to sell off in the morning and remained down there for the remainder of the day.  

    February Crude Oil futures traded back down losing -1.19 percent to close down at $48.21 per barrel. The volatility index, the VIX, moved up slightly, up 3.17 percent to close at 17.55. The 10 Year Treasury bond yield resumed the downward trend, closing down around 1.97 percent. Trading volume saw about 6.3 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    January 5

    2:00 pm Auto Sales report for December

    2:00 pm Truck Sales report for December


    January 6

    10:00 am Factory Orders report for November was down -0.7 percent. The Market was expecting down -0.4 percent. The prior reported figure was down -0.7 percent. 

    10:00 am ISM Services report for December was 56.2. The Market was expecting 58.5. The prior reported figure was 59.3.


    January 7

    7:00 am MBA Mortgage Index report for January 3rd was up 11.1 percent. The prior reported figure was down -18.2 percent. 

    8:15 am ADP Employment Change report for December was 241,000. The Market was expecting 230,000. The prior reported figure was revised from 208,000 to 227,000. 

    8:30 am Trade Balance report for November was down -$39.0B. The Market was expecting down -$41.8B. The prior reported figure was revised from -$43.4B to -$42.2B. 

    10:30 am Crude Inventories report for January 3rd was down -3.062M. The prior reported figure was down -1.754M.

    2:00 pm FOMC Minutes report from December 17th shows that a rate rise is unlikely before April 2015. 


    January 8

    7:30 am Challenger Job Cuts report for December was 6.6 percent. The prior reported figure was down -20.7 percent. 

    8:30 am Continuing Claims report for December 27th was 2452k. The Market was expecting 2365k. The prior reported figure was revised from 2353k to 2351k.

    8:30 am Initial Claims report for January 3rd was 294,000. That was exactly in line with Market expectations. The prior reported figure was 298,000. 

    10:30 am Natural Gas Inventories report for January 3rd was down -131bcf. The prior reported figure was down -26bcf. 

    2:00 pm Consumer Credit report for November was $14.1B. The Market was expecting $15.0B. The prior reported figure was revised from $13,2B to $16.0B.


    January 9

    8:30 am Nonfarm Private Payrolls report for December was 240,000. The Market was expecting 235,000. The prior reported figure was revised from 314,000 to 345,000. 

    8:30 am Nonfam Payrolls report for December was 252,000.  The Market was expecting 245,000. The prior reported figure was revsed from 321,000 to 353,000. 

    8:30 am Unemployment Rate report for December was 5.6 percent. The Market was expecting 5.7 percent. The prior reported figure was 5.8 percent. 

    8:30 am Hourly Earnings report for December was down -0.2 percent. The Market ws expecting up 0.2 percent. The prior reported figure was revised from 0.4 percent to 0.2 percent.

    8:30 am Average Workweek report for December was 34.6 hours. That was exactly in line with Market expectations. The prior reported figure was also 34.6 hours.

    10:00 am Wholesale Inventories report for November was up 0.8 percent. The Market was expecting 0.3 percent. The prior reported figure was revised from 0.4 percent to 0.6 percent.

  • Stocks Scream Higher After 5 Consecutive Down Days


    DOW 17,584.52  +212.88 points or  +1.23%
    S&P 500  2,025.90  +23.29 points  +1.16%

    NASDAQ  4,650.47  +57.73 points or  +1.26%

    Russell 2000  1,175.97  +14.66 points or  +1.26%

     

    The Market wiped out yesterdays losses and screamed higher after 5 consecutive down days. The Market jumped higher at the opening and basically remained higher throughout the trading day closing up near the highs of the day. The rally was broad, spanning small cap stocks to large cap stocks. Crude Oil futures put a rally together, moving up closed below the $48 per barrel level. February Crude Oil futures traded up 1.36 percent to close up at $48.58 per barrel. The volatility index, the VIX, moved down about -8.57 percent to close at 19.31. The 10 Year Treasury bond yield slipped a touch, closing down around 1.95 percent. Trading volume saw about 7.1 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    January 5

    2:00 pm Auto Sales report for December

    2:00 pm Truck Sales report for December


    January 6

    10:00 am Factory Orders report for November was down -0.7 percent. The Market was expecting down -0.4 percent. The prior reported figure was down -0.7 percent. 

    10:00 am ISM Services report for December was 56.2. The Market was expecting 58.5. The prior reported figure was 59.3.


    January 7

    7:00 am MBA Mortgage Index report for January 3rd was up 11.1 percent. The prior reported figure was down -18.2 percent. 

    8:15 am ADP Employment Change report for December was 241,000. The Market was expecting 230,000. The prior reported figure was revised from 208,000 to 227,000. 

    8:30 am Trade Balance report for November was down -$39.0B. The Market was expecting down -$41.8B. The prior reported figure was revised from -$43.4B to -$42.2B. 

    10:30 am Crude Inventories report for January 3rd was down -3.062M. The prior reported figure was down -1.754M.

    2:00 pm FOMC Minutes report from December 17th shows that a rate rise is unlikely before April 2015. 


    January 8

    7:30 am Challenger Job Cuts report for December

    8:30 am Continuing Claims report for December 27th

    8:30 am Initial Claims report for January 3rd

    10:30 am Natural Gas Inventories report for January 3rd

    2:00 pm Consumer Credit report for November


    January 9

    8:30 am Nonfarm Private Payrolls report for December

    8:30 am Nonfam Payrolls report for December

    8:30 am Unemployment Rate report for December

    8:30 am Hourly Earnings report for December

    8:30 am Average Workweek report for December

    10:00 am Wholesale Inventories report for November

  • The Stock Market Continues Lower as Crude Oil Drops Below $48/Barrel


    DOW 17,371.64  -130.01 points or  -0.74%
    S&P 500  2,002.61 -17.97 points  -0.89%

    NASDAQ  4,592.74  -59.84 points or  -1.29%

    Russell 2000  1,161.31  -20.04 points or  -1.70%

     

    The year 2015 is not off to a good start. The Market opened higher and then began to fall again today into negative turf bottoming out around 2pm ET, closing lower but well of the lows of the days.

     Crude Oil futures closed below the $48 per barrel level. February Crude Oil futures closed down at $47.89 per barrel. The discussions on the current impact and future extent of Crude Oil trading at these low prices will have on the US economy are abundant. Volatility rose with the days Stock Market selling. The volatility index, the VIX, moved up about 6 percent to close at 21.12. The 10 Year Treasury bond yield dropped again, closing down around 1.96 percent. Trading volume saw about 8.4 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    January 5

    2:00 pm Auto Sales report for December

    2:00 pm Truck Sales report for December


    January 6

    10:00 am Factory Orders report for November was down -0.7 percent. The Market was expecting down -0.4 percent. The prior reported figure was down -0.7 percent. 

    10:00 am ISM Services report for December was 56.2. The Market was expecting 58.5. The prior reported figure was 59.3.


    January 7

    7:00 am MBA Mortgage Index report for January 3rd

    8:15 am ADP Employment Change report for December

    8:30 am Trade Balance report for November

    10:30 am Crude Inventories report for January 3rd

    2:00 pm FOMC Minutes report from December 17th 


    January 8

    7:30 am Challenger Job Cuts report for December

    8:30 am Continuing Claims report for December 27th

    8:30 am Initial Claims report for January 3rd

    10:30 am Natural Gas Inventories report for January 3rd

    2:00 pm Consumer Credit report for November


    January 9

    8:30 am Nonfarm Private Payrolls report for December

    8:30 am Nonfam Payrolls report for December

    8:30 am Unemployment Rate report for December

    8:30 am Hourly Earnings report for December

    8:30 am Average Workweek report for December

    10:00 am Wholesale Inventories report for November

  • The Market Begins the New Years First Complete Week on a Dismal Note


    DOW 17,501.65  -331.34 points or  -1.86%
    S&P 500  2,020.58  -37.62 points  -1.83%

    NASDAQ  4,652.57  -74.24 points or  -1.57%

    Russell 2000  1,181.35  -17.45 points or  -1.46%

     

    The first full week of the New Year began on a dismal note. The Market opened lower and continued to fall throughout the day closing near the lows of the day. Crude Oil futures closed below the $50 per barrel level. February Crude Oil futures closed down -5.48 percent to close at $49.80 per barrel. The more oil falls in price, the more likely the US oil boom will continue to erode. Volatility picked up with the days stock market drop. The volatility index, the VIX, moved up about 12 percent to close at 19.92. The 10 Year Treasury bond yield dropped, closing down around 2.04 percent. Trading volume saw about 7.2 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    January 5

    2:00 pm Auto Sales report for December

    2:00 pm Truck Sales report for December


    January 6

    10:00 am Factory Orders report for November

    10:00 am ISM Services report for December


    January 7

    7:00 am MBA Mortgage Index report for January 3rd

    8:15 am ADP Employment Change report for December

    8:30 am Trade Balance report for November

    10:30 am Crude Inventories report for January 3rd

    2:00 pm FOMC Minutes report from December 17th 


    January 8

    7:30 am Challenger Job Cuts report for December

    8:30 am Continuing Claims report for December 27th

    8:30 am Initial Claims report for January 3rd

    10:30 am Natural Gas Inventories report for January 3rd

    2:00 pm Consumer Credit report for November


    January 9

    8:30 am Nonfarm Private Payrolls report for December

    8:30 am Nonfam Payrolls report for December

    8:30 am Unemployment Rate report for December

    8:30 am Hourly Earnings report for December

    8:30 am Average Workweek report for December

    10:00 am Wholesale Inventories report for November