Archive for 2015

  • Stock Market Wipes Out Thursday Gains to Close the Month Down



    DOW 17,164.95  -251.90 points or  -1.45%
    S&P 500  1,994.99  -26.26  points  -1.30%

    NASDAQ  4,635.24  -48.17 points or  -1.03%

    Russell 2000  1,165.39  -24.79 points or  -2.08%

     

    The Stock Market wiped out Thursdays gains dragging the Markets into negative territory for the 2nd consecutive month of 2015. The Market opened lower, put a real rally in place to move into unchanged level around 2:30 pm ET, only to sell off hard late in the day to close near the session lows. The volatility index, the VIX,  moved higher on the late afternoon Stock Market sell off, as moving up +11.78 percent to close up at 20.97.  The 10 Year Treasury bond yield moved much lower,to close around 1.68 percent. Trading volume saw about 8.6 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 27

    8:30 AM Durable Orders report for December was down -3.4 percent. The Market was expecting 0.5 percent. The prior reported figure was revised from down -0.9 percent to down -2.1 percent. 

    8:30 AM Durable Goods-ex transportation report for December was down -0.8 percent. The Market was expecting up 0.7 percent. The prior reported figure was revised from down -0.7 percent to down -1.3 percent. 

    9:00 AM Case-Shiller 20-city Index report for November was 4.3 percent. That was exactly in line with Market expectations. The prior reported figure was 4.5 percent. 

    10:00 AM Consumer Confidence report for January was 102.9. The Market was expecting 96.0. The prior reported figure was revised from 92.6 to 93.1. 

    10:00 AM New Home Sales report for December was 481K. The Market was expecting 450K. The prior reported figure was revised from 438K to 431K. 


    January 28

    7:00 AM MBA Mortgage Index report for January 24 was down -3.2 percent. The prior reported figure was 14.2 percent.

    10:30 AM Crude Inventories report for January 24 was 8.874M. The prior reported figure was 10.071M. 

    2:00 PM FOMC Rate Decision report for January was left unchanged at 0.25 percent. 


    January 29

    8:30 AM Initial Claims report for January 24 was 265K. The Market was expecting 301K. The prior reported figure was revised from 307K to 308K.

    8:30 AM Continuing Claims report for January 17 was 2385K. The Market was expecting 2429K. The prior reported figure was revised from 2443K to 2456K.

    10:00 AM Pending Home Sales report for December was down -3.7 percent. The Market was expecting 0.6 percent. The prior reported figure was revised from 0.8 percent to 0.6 percent. 

    10:30 AM Natural Gas Inventories report for January 24 was -94bcf. The prior reported figure was -216bcf.


    January 30

    8:30 AM GDP-Adv. report for 4th Quarter was 2.6 percent. The Market was expecting 3.2 percent. The prior reported figure was 5.0 percent.

    8:30 AM Chain Deflator-Adv report for 4th Quarter was flat. The Market was expecting 1.0 percent. The prior reported figure was 1.4 percent. 

    8:30 AM Employment Cost Index report for 4th Quarter was 0.6 percent. The Market was expecting 0.5 percent. The prior reported figure was 0.7 percent. 

    9:45 AM Chicago PMI report for January was 59.4.  The Market was expecting 58.0. The prior reported figure was revised from 58.3 to 58.8.

    9:55 AM Michigan Sentiment-Final report for January was 98.1. The Market was expecting 98.2. The prior reported figure was also 98.2.

  • Stock Market Snaps 2 Day Plunge with a Strong Rally


    DOW 17,416.85  +225.48 points or  +1.31%
    S&P 500  2,021.25  +19.09  points  +0.95%

    NASDAQ  4,683.41  +45.41 points or  +0.98%

    Russell 2000  1,190.18  +15.07 points or  +1.28%

     

    The Stock Market snaps the two day plunge with a strong rally. The Market traded lower all morning, and then after 1pm ET, rallied strong lifting the Market much higher on the day. The volatility index, the VIX,  slid lower as the Market rallied, moving down -8.22 percent to close down at 18.76.  The 10 Year Treasury bond yield moved higher, to close around 1.75 percent. Trading volume saw about 7.8 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 27

    8:30 AM Durable Orders report for December was down -3.4 percent. The Market was expecting 0.5 percent. The prior reported figure was revised from down -0.9 percent to down -2.1 percent. 

    8:30 AM Durable Goods-ex transportation report for December was down -0.8 percent. The Market was expecting up 0.7 percent. The prior reported figure was revised from down -0.7 percent to down -1.3 percent. 

    9:00 AM Case-Shiller 20-city Index report for November was 4.3 percent. That was exactly in line with Market expectations. The prior reported figure was 4.5 percent. 

    10:00 AM Consumer Confidence report for January was 102.9. The Market was expecting 96.0. The prior reported figure was revised from 92.6 to 93.1. 

    10:00 AM New Home Sales report for December was 481K. The Market was expecting 450K. The prior reported figure was revised from 438K to 431K. 


    January 28

    7:00 AM MBA Mortgage Index report for January 24 was down -3.2 percent. The prior reported figure was 14.2 percent.

    10:30 AM Crude Inventories report for January 24 was 8.874M. The prior reported figure was 10.071M. 

    2:00 PM FOMC Rate Decision report for January was left unchanged at 0.25 percent. 


    January 29

    8:30 AM Initial Claims report for January 24 was 265K. The Market was expecting 301K. The prior reported figure was revised from 307K to 308K.

    8:30 AM Continuing Claims report for January 17 was 2385K. The Market was expecting 2429K. The prior reported figure was revised from 2443K to 2456K.

    10:00 AM Pending Home Sales report for December was down -3.7 percent. The Market was expecting 0.6 percent. The prior reported figure was revised from 0.8 percent to 0.6 percent. 

    10:30 AM Natural Gas Inventories report for January 24 was -94bcf. The prior reported figure was -216bcf.


    January 30

    8:30 AM GDP-Adv. report for 4th Quarter

    8:30 AM Chain Deflator-Adv report for 4th Quarter

    8:30 AM Employment Cost Index report for 4th Quarter

    9:45 AM Chicago PMI report for January

    9:55 AM Michigan Sentiment-Final report for January

  • Stock Market Clobbered Again


    DOW 17,191.37  -195.84 points or  -1.13%
    S&P 500  2,002.16  -27.39  points  -1.35%

    NASDAQ  4,637.99  -43.50 points or  -0.93%

    Russell 2000  1,175.12  -19.54 points or  -1.64%

     

    The Stock Market was clobbered again today. The Market opened higher, then sold off and rallied again, finally plunging in the final hour to close down hard near the days low. The volatility index, the VIX,  galloped higher on the Market sell off, up 18.70 percent to close up at 20.44.  The 10 Year Treasury bond yield went back to melting down, to close around 1.72 percent. Trading volume saw about 7.8 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 27

    8:30 AM Durable Orders report for December was down -3.4 percent. The Market was expecting 0.5 percent. The prior reported figure was revised from down -0.9 percent to down -2.1 percent. 

    8:30 AM Durable Goods-ex transportation report for December was down -0.8 percent. The Market was expecting up 0.7 percent. The prior reported figure was revised from down -0.7 percent to down -1.3 percent. 

    9:00 AM Case-Shiller 20-city Index report for November was 4.3 percent. That was exactly in line with Market expectations. The prior reported figure was 4.5 percent. 

    10:00 AM Consumer Confidence report for January was 102.9. The Market was expecting 96.0. The prior reported figure was revised from 92.6 to 93.1. 

    10:00 AM New Home Sales report for December was 481K. The Market was expecting 450K. The prior reported figure was revised from 438K to 431K. 


    January 28

    7:00 AM MBA Mortgage Index report for January 24 was down -3.2 percent. The prior reported figure was 14.2 percent.

    10:30 AM Crude Inventories report for January 24 was 8.874M. The prior reported figure was 10.071M. 

    2:00 PM FOMC Rate Decision report for January was left unchanged at 0.25 percent. 


    January 29

    8:30 AM Initial Claims report for January 24

    8:30 AM Continuing Claims report for January 17

    10:00 AM Pending Home Sales report for December

    10:30 AM Natural Gas Inventories report for January 24


    January 30

    8:30 AM GDP-Adv. report for 4th Quarter

    8:30 AM Chain Deflator-Adv report for 4th Quarter

    8:30 AM Employment Cost Index report for 4th Quarter

    9:45 AM Chicago PMI report for January

    9:55 AM Michigan Sentiment-Final report for January

  • Stock Market Hit Hard on Weak Earnings reports


    DOW 17,387.21  -291.49 points or  -1.65%
    S&P 500  2,029.55  -27.54  points  -1.34%

    NASDAQ  4,681.50  -90.27 points or  -1.89%

    Russell 2000  1,194.66  -6.08 points or  -0.51%

     

    The Stock Market was clocked on disappointing earnings and a weak durable goods report. The Market opened lower and then plunged down to the days lows around 10:30 AM ET, erased some of the losses and ended the session down sharply, yet off the days lows. 

    The volatility index, the VIX,  jumped up 10.95 percent  to close up at 17.22.  The 10 Year Treasury bond yield moved up to close around 1.83 percent. Trading volume saw about 6.6 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 27

    8:30 AM Durable Orders report for December was down -3.4 percent. The Market was expecting 0.5 percent. The prior reported figure was revised from down -0.9 percent to down -2.1 percent. 

    8:30 AM Durable Goods-ex transportation report for December was down -0.8 percent. The Market was expecting up 0.7 percent. The prior reported figure was revised from down -0.7 percent to down -1.3 percent. 

    9:00 AM Case-Shiller 20-city Index report for November was 4.3 percent. That was exactly in line with Market expectations. The prior reported figure was 4.5 percent. 

    10:00 AM Consumer Confidence report for January was 102.9. The Market was expecting 96.0. The prior reported figure was revised from 92.6 to 93.1. 

    10:00 AM New Home Sales report for December was 481K. The Market was expecting 450K. The prior reported figure was revised from 438K to 431K. 


    January 28

    7:00 AM MBA Mortgage Index report for January 24

    10:30 AM Crude Inventories report for January 24 

    2:00 PM FOMC Rate Decision report for January


    January 29

    8:30 AM Initial Claims report for January 24

    8:30 AM Continuing Claims report for January 17

    10:00 AM Pending Home Sales report for December

    10:30 AM Natural Gas Inventories report for January 24


    January 30

    8:30 AM GDP-Adv. report for 4th Quarter

    8:30 AM Chain Deflator-Adv report for 4th Quarter

    8:30 AM Employment Cost Index report for 4th Quarter

    9:45 AM Chicago PMI report for January

    9:55 AM Michigan Sentiment-Final report for January