Archive for 2015

  • Stock Market Closes the Week Strong



    DOW 18,140.44  154.67 points or  +0.86%
    S&P 500  2,110.30  +12.85 points  +0.61%

    NASDAQ  4,955.97  +31.27 points or  +0.63%

    Russell 2000  1,231.79  +3.88 points or  +0.32%

     

    The Stock Market ended the week with s strong rally. The Market opened lower, and then slowly moved higher crossing into positive territory around 1pm ET, and closed strong near the days high. 

    Crude Oil closed around the $52.03 per barrel level. The volatility index, the VIX, lost -6.47 percent to close down at 14.30. The 10 Year Treasury bond yield closed around the 2.13 percent yield level. 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.


    February 17

    8:30 AM Empire Manufacturing report for February was 7.8. The Market was expecting 9.0. The prior reported figure was 9.9. 

    10:00 AM NAHB Housing Market Index report for February was 55. The Market was expecting 58. The prior reported figure was 57.

    4:00 PM Net Long-Term TIC Flows report for December


    February 18

    7:00 AM MBA Mortgage Index report for February 14 was down -13.2 percent. The prior reported figure was down -9.0 percent. 

    8:30 AM Housing Starts report for January was 1065K. The Market was expecting 1070K. The prior reported figure was revised from 1089K to 1087K.

    8:30 AM Building Permits report for January was 1053K. The Market was expecting 1065K. The prior reported figure was revised from 1032K to 1060K. 

    8:30 AM PPI report for January was down -0.8 percent. The Market was expecting -0.4 percent. The prior reported figure was revised from down -0.3 percent to down -0.1 percent. 

    8:30 AM Core PPI report for January was down -0.1 percent. The Market was expecting 0.1 percent. The prior reported figure was 0.3 percent. 

    9:15 AM  Capacity Utilization report for January was 79.4 percent. The Market was expecting 79.9 percent. The prior reported figure was revised from 79.7 percent to 79.4 percent. 

    9:15 AM Industrial Production report for January  was 0.2 percent. The Market was expecting 0.4 percent. The prior reported figure was revised from down -0.1 percent to down -0.3 percent. 

    2:00 PM FOMC Minutes report for January 28 suggested that the road to raising interest rates would be slow. 


    February 19

    8:30 AM Initial Claims report for February 14 was 283K. The Market was expecting 295K. The prior reported figure was 304K.

    8:30 AM Continuing Claims report for February 7 was 2425K. The Market was expecting 2385K. The prior reported figure was revied from 2354K to 2367K.

    10>00 AM Philadelphia Fed report for February was 5.2. The Market was expecting 8.5. The prior reported figure was 6.3.

    10:00 AM Leading Indicators report for January was 0.2 percent. The Market was expecting 0.3 percent. The prior reported figure was revised from 0.5 percent to 0.4 percent. 

    10:30 AM Natural Gas Inventories report for February 14 was -111bcf. The prior reported figure was -160bcf. 

    11:00 AM Crude Inventories report for February 14 was 7.716M. The prior reported figure was 4.868M.

  • Stock Market Slightly Lower for the Day After Fed Minutes Released


    DOW 18,029.85  -17.73 points or  -0.10%
    S&P 500  2,099.68  -0.66 points  -0.03%

    NASDAQ  4,906.36  +7.10 points or  +0.14%

    Russell 2000  1,227.95  +2.94 points or  +0.24%

     

    The Stock Market was slightly lower for the day. The Market opened down, and remained in negative territory for the remainder of the day closing slightly lower. The Federal Reserves Minutes release suggested the road to raising interest rates will be a slow one. Crude Oil continued to give back the recent gains, closing down around the $50.60 per barrel level. The volatility index, the VIX, slipped -2.22 percent to close down at 15.45.  The 10 Year Treasury bond yield closed around the 2.07 percent yield level. Trading volume saw about 6.2 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.


    February 17

    8:30 AM Empire Manufacturing report for February was 7.8. The Market was expecting 9.0. The prior reported figure was 9.9. 

    10:00 AM NAHB Housing Market Index report for February was 55. The Market was expecting 58. The prior reported figure was 57.

    4:00 PM Net Long-Term TIC Flows report for December


    February 18

    7:00 AM MBA Mortgage Index report for February 14 was down -13.2 percent. The prior reported figure was down -9.0 percent. 

    8:30 AM Housing Starts report for January was 1065K. The Market was expecting 1070K. The prior reported figure was revised from 1089K to 1087K.

    8:30 AM Building Permits report for January was 1053K. The Market was expecting 1065K. The prior reported figure was revised from 1032K to 1060K. 

    8:30 AM PPI report for January was down -0.8 percent. The Market was expecting -0.4 percent. The prior reported figure was revised from down -0.3 percent to down -0.1 percent. 

    8:30 AM Core PPI report for January was down -0.1 percent. The Market was expecting 0.1 percent. The prior reported figure was 0.3 percent. 

    9:15 AM  Capacity Utilization report for January was 79.4 percent. The Market was expecting 79.9 percent. The prior reported figure was revised from 79.7 percent to 79.4 percent. 

    9:15 AM Industrial Production report for January  was 0.2 percent. The Market was expecting 0.4 percent. The prior reported figure was revised from down -0.1 percent to down -0.3 percent. 

    2:00 PM FOMC Minutes report for January 28 suggested that the road to raising interest rates would be slow. 


    February 19

    8:30 AM Initial Claims report for February 14

    8:30 AM Continuing Claims report for February 7

    10>00 AM Philadelphia Fed report for February

    10:00 AM Leading Indicators report for January

    10:30 AM Natural Gas Inventories report for February 14

    11:00 AM Crude Inventories report for February 14

  • Stock Market Begins Short Trading Week Slightly Positive


    DOW 18,047.58  +28.23 points or  +0.16%
    S&P 500  2,100.34  +3.35 points  0.16%

    NASDAQ  4,899.27  +5.43 points or  +0.11%

    Russell 2000  1,225.01  +1.88 points or  +0.15%

     

    The Stock Market began the short trading week on a slightly positive note. The Market opened lower, and slowly moved up into positive territory mid day, closing just slightly on the plus side. 

    Crude Oil closed around the $53.5 level. The volatility index, the VIX, bounced off Fridays lows to pop up over 7.5 percent to close up at 15.80. The 10 Year Treasury bond yield finally pulled away from the 2 percent yield level and closed far above it, closing up at around the 2.14 percent yield level. 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.


    February 17

    8:30 AM Empire Manufacturing report for February was 7.8. The Market was expecting 9.0. The prior reported figure was 9.9. 

    10:00 AM NAHB Housing Market Index report for February was 55. The Market was expecting 58. The prior reported figure was 57.

    4:00 PM Net Long-Term TIC Flows report for December


    February 18

    7:00 AM MBA Mortgage Index report for February 14

    8:30 AM Housing Starts report for January

    8:30 AM Building Permits report for January

    8:30 AM PPI report for January

    8:30 AM Core PPI report for January

    9:15 AM Industrial Production report for January

    9:15 AM Capacity Utilization report for January 

    2:00 PM FOMC Minutes report for January 28


    February 19

    8:30 AM Initial Claims report for February 14

    8:30 AM Continuing Claims report for February 7

    10>00 AM Philadelphia Fed report for February

    10:00 AM Leading Indicators report for January

    10:30 AM Natural Gas Inventories report for February 14

    11:00 AM Crude Inventories report for February 14