Archive for January, 2015

  • 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

  • Market Ends the Week Lower


    DOW 17,672.60  -141.38 points or  -0.79%
    S&P 500  2,051.82  -11.33 points  -0.55%

    NASDAQ  4,757.88  +7.48 points or  +0.16%

    Russell 2000  1,188.93  -1.44 points or  -0.12%

     

    The Stock Market turns lower to end the week. The Market opened lower, fkirted with the unchanged level mid day and then sold off late in  the afternoon to close down near the Friday sessions lows. The large cap sector was hit the hardest. The NASDAQ index was actually up on the day. The volatility index, the VIX,  edged up 1.59 percent  to close up at 16.66.  The 10 Year Treasury bond yield slumped down to close around 1.82 percent. Trading volume saw about 6.5 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 20

    10:00 am NAHB Housing Market Index report for January was 57. The Market was expecting 58. The prior reported figure was revised from 57 to 58.


    January 21

    7:00 am MBA Mortgage Index report for January 17 was 14.2 percent. The prior reported for 49.1 percent.

    8:30 am Housing Starts report for December was 1089k. The Market was expecting 1040k. The prior reported figure was revised from 1028k to 1043k.

    8:30 am Building Permits report for December was 1032k. The Market was expecting 1060k. The prior reported figure was revised from 1035k to 1052k.


    January 22

    8:30 am Initial Claims report for January 17 was 307k. The Market was expecting 302k. The prior reported figure was revised from 316k to 317k.

    8:30 am Continuing Claims report for January 10 was 2443k. The Market was expecting 2400k. The prior reported figure was revised from 2424k to 2428k.

    9:00 am FHFA Housing Price Index report for November was 0.8 percent. The prior reported figure revised from 0.6 percent to 0.4 percent. 

    10:30 am Natural Gas Inventories report for January 17 was down -216bcf. The prior reported figure was down -236bcf.

    11:00 am Crude Inventories report for January 17 was  10.071M. The prior reported figure was 5.389M.


    January 23

    10:00 am Existing Home Sales report for December was 5.04M. The Market expecting 5.10M. The prior reported figure was revised from 4.93M to 4.92M.

    10:00 am Leading Indicators report for December was 0.5 percent. That was exactly in line with Market expectations. The prior reported figure was revised from 0.6 percent to 0.4 percent.