Archive for 2015

  • S&P 500 Rallies to New All Time High


    DOW 18,019.35  +46.97 points or  +0.26%
    S&P 500  2,096.99  +8.51 points  0.41%

    NASDAQ  4,893.84  +36.22 points or  +0.75%

    Russell 2000  1,223.13  +6.87 points or  +0.56%

     

    The Stock Market finished the week rallying to a new all time high on the S&P 500. The Market opened higher, sold off before 2pm ET to unchanged, then rallied for the remainder of the day closing near the days high. 2015 trading strategy appears to be mirroring 2014, buy the dips and ride it to new highs. Crude Oil looks solid, posting another positive day rallying +2.81 percent to close at $52.65 per barrel. The volatility index, the VIX, dropped again as the Stock Market rallied,  dropping -4.24 percent to down at 14.69.      The 10 Year Treasury bond yield jumped finally closed above the 2 percent level, closing up at around the 2.02 level. 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.


    February 10

    10:00 AM Wholesale Inventories report for December was up 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was 0.8 percent. 

    10:00 AM JOLTS-Job Openings report for December was 5.028M. The prior reported figure was revised from 4.972M to 4.847M. 

    February 11

    7:00 AM MBA Mortgage Index report for February 7 was down -9.0 percent. The prior reported figure was up 1.3 percent. 

    10:30 AM Crude Inventories report for February 7 was 4.868M. The prior reported figure was 6.333M.

    2:00 PM Treasury Budget report for January was -$17.5B. The Market was expecting -$19.0B. The prior reported figure was -$10.3B.


    February 12

    8:30 AM Initial Claims report for February 7 was 304K. The Market was expecting 285K. The prior reported figure was revised from 278K to 279K.

    8:30 AM Continuing Claims report for January 31 was 2354K. The Market was expecting 2395K. The prior reported figure was revised from 2400K to 2405K. 

    8:30 AM Retail Sales report for January was down -0.8 percent. The Market was expecting down -0.4 percent. The prior reported figure was down -0.9 percent.

    8:30 AM Retail Sales ex-auto report for January was down -0.9 percent. The Market was expecting down -0.4 percent. The prior reported figure was revised from down -1.0 percent to down -0.9 percent. 

    10:00 AM Business Inventories report for December was 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was also 0.2 percent.

    10:30 AM Natural Gas Inventories report for February 7 was down -160bcf. The prior reported figure was down -115bcf.


    February 13

    8:30 AM Export Prices ex-ag report for January was down -1.o percent. The prior reported figure was revised from down -1.2 percent to down -1.0 percent. 

    8:30 AM Import Prices ex-oil report for January was down -0.7 percent. The prior reported figure was down -0.1 percent. 

    9:55 AM Michigan Sentiment report for February was 93.6. The Market was expecting 98.3. The prior reported figure was 98.1.

  • After One Day Pause, the Market Resumes Rallying; Apple Leads the Charge Now Worth $730B Market Cap



    DOW 17,972.38  +110.24 points or  +0.62%
    S&P 500  2,088.48  +19.95 points  0.96%

    NASDAQ  4,857.61  +56.64 points or  +1.18%

    Russell 2000  1,216.27  +14.71 points or  +1.22%

     

    After Wednesdays pause, the Market resumed rallying today. The Market opened higher and steadily climbed all day closing near the highs of the day. Apple led the Market higher again, posting another 1.27 percent gain, increasing the companies Market Capitalization to over $736B. Crude Oil appeared to shrug off yesterdays higher than expected stock pile report by rallying to close back over $51 per barrel. The volatility index dropped in sync with the Stock Market rally, shredding almost 10 percent to close down 15.34. The 10 Year Treasury bond yield jumped over the 2 percent level intraday for the 3rd consecutive day, and closed again, around the 1.99 level. Trading volume saw about 7.3 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.


    February 10

    10:00 AM Wholesale Inventories report for December was up 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was 0.8 percent. 

    10:00 AM JOLTS-Job Openings report for December was 5.028M. The prior reported figure was revised from 4.972M to 4.847M. 

    February 11

    7:00 AM MBA Mortgage Index report for February 7 was down -9.0 percent. The prior reported figure was up 1.3 percent. 

    10:30 AM Crude Inventories report for February 7 was 4.868M. The prior reported figure was 6.333M.

    2:00 PM Treasury Budget report for January was -$17.5B. The Market was expecting -$19.0B. The prior reported figure was -$10.3B.


    February 12

    8:30 AM Initial Claims report for February 7 was 304K. The Market was expecting 285K. The prior reported figure was revised from 278K to 279K.

    8:30 AM Continuing Claims report for January 31 was 2354K. The Market was expecting 2395K. The prior reported figure was revised from 2400K to 2405K. 

    8:30 AM Retail Sales report for January was down -0.8 percent. The Market was expecting down -0.4 percent. The prior reported figure was down -0.9 percent.

    8:30 AM Retail Sales ex-auto report for January was down -0.9 percent. The Market was expecting down -0.4 percent. The prior reported figure was revised from down -1.0 percent to down -0.9 percent. 

    10:00 AM Business Inventories report for December was 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was also 0.2 percent.

    10:30 AM Natural Gas Inventories report for February 7 was down -160bcf. The prior reported figure was down -115bcf.


    February 13

    8:30 AM Export Prices ex-ag report for January

    8:30 AM Import Prices ex-oil report for January

    9:55 AM Michigan Sentiment report for February

  • Market Content to Close Unchanged; Apple Climbs Over $727B Market Cap


    DOW 17,862.14  -6.62 points or  -0.04%
    S&P 500  2,068.53  -0.06 points  0.00%

    NASDAQ  4,801.18  +13.54 points or  +0.28%

    Russell 2000  1,201.55  -1.62 points or  -0.14%

     

    After Tuesdays strong performance, the Stock Market appeared to be consolidating at the unchanged level. The Market opened pretty flat and remained near the unchanged level throughout the day closing basically unchanged. The big equity news yesterday was Apples run over the $700 Billion valuation mark. Apple continued that run today, adding another 2.34 percent to close at 124.88 per share increasing the Market capitalization to $727B!!! Crude Oil dropped again closing down below $50 per barrel today after   Crude Oil stock piles reported a million more barrels than expected. The volatility index was basically unchanged, closing down -1.57 percent at 16.96. The 10 Year Treasury bond yield briefly popped over the 2 percent level intra day for the second consecutive day, closing unchanged around 1.99 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.


    February 10

    10:00 AM Wholesale Inventories report for December was up 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was 0.8 percent. 

    10:00 AM JOLTS-Job Openings report for December was 5.028M. The prior reported figure was revised from 4.972M to 4.847M. 

    February 11

    7:00 AM MBA Mortgage Index report for February 7 was down -9.0 percent. The prior reported figure was up 1.3 percent. 

    10:30 AM Crude Inventories report for February 7 was 4.868M. The prior reported figure was 6.333M.

    2:00 PM Treasury Budget report for January was -$17.5B. The Market was expecting -$19.0B. The prior reported figure was -$10.3B.


    February 12

    8:30 AM Initial Claims report for February 7

    8:30 AM Continuing Claims report for January 31

    8:30 AM Retail Sales report for January

    8:30 AM Retail Sales ex-auto report for January

    10:00 AM Business Inventories report for December

    10:30 AM Natural Gas Inventories report for February 7


    February 13

    8:30 AM Export Prices ex-ag report for January

    8:30 AM Import Prices ex-oil report for January

    9:55 AM Michigan Sentiment report for February

  • The Stock Market Posted a Strong Day on Renewed Optimism on Greece



    DOW 17,868.76  +139.55 points or  +0.79%
    S&P 500  2,068.59  +21.85 points  +1.07%

    NASDAQ  4,787.64  +61.63 points or  +1.30%

    Russell 2000  1,203.18  +7.35 points or  +0.61%

     

    The Stock Market posted a strong day. The chief reason attributed to the rally was renewed optimism on Greece. It is worth noting the energy sector lagged behind today's rally  The Market opened higher, tested the unchanged level around 10:45 am ET, and then rallied higher for the remainder of the day closing near the days high. After yesterdays strong  rally, Crude Oil slipped and closed down near the $50 per barrel level.

    The volatility index slid as the Market rallied, closing down -7.12 percent at 17.23. The 10 Year Treasury bond yield briefly popped over the 2 percent level intra day, closing around 1.99 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.


    February 10

    10:00 AM Wholesale Inventories report for December was up 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was 0.8 percent. 

    10:00 AM JOLTS-Job Openings report for December was 5.028M. The prior reported figure was revised from 4.972M to 4.847M. 

    February 11

    7:00 AM MBA Mortgage Index report for February 7

    10:30 AM Crude Inventories report for February 7

    2:00 PM Treasury Budget report for January


    February 12

    8:30 AM Initial Claims report for February 7

    8:30 AM Continuing Claims report for January 31

    8:30 AM Retail Sales report for January

    8:30 AM Retail Sales ex-auto report for January

    10:00 AM Business Inventories report for December

    10:30 AM Natural Gas Inventories report for February 7


    February 13

    8:30 AM Export Prices ex-ag report for January

    8:30 AM Import Prices ex-oil report for January

    9:55 AM Michigan Sentiment report for February