Winners and Losers in Today’s Tech Earnings
Stocks were quiet today as all eyes were on the big earnings announcements after the close. In tonight's video newsletter update we look at the reaction to earnings announcements from GOOGL, AMZN, MSFT, and INTC. Watch the video tonight to see why AMZN is the big winner... Also, watch the replay of this free online…
Financial Conditions The Loosest Since 1993
In keeping with the great reports elsewhere, the Markit Flash PMI showed economic strength. Private sector growth reached a 9 month high in October mainly because of the improvement in manufacturing. The composite output index was 55.7 which was an improvement from last month’s report of 54.8. The services index improved from 55.3 to 55.9…
Stocks Fell Finally, But Dip Buyers Swooped In
Extreme Optimism Leads To A Small Decline In Stocks The market finally took a breather on Wednesday. It wasn’t a major selloff because dip buyers appeared mid-day. It was healthy to see because the run had gotten ridiculous. The S&P 500 fell 0.47%. It was driven lower by weak Chipotle earnings and poor AMD guidance.…
Bonds dip and flip financials
Stocks sold off nearly 1% this morning before recovering half those losses by the close. It's hard to point to one specific reason for the sell off because there are lots of risks on the table. Whether or not tax cuts get through and who will be the new FOMC chair are among the top…
The ECB Will Likely Be Hawkish On Thursday
ECB’s Big Decision The chart below shows the aggregate assets the 4 major central banks from developed market economies have been acquiring over the past 12 years. As you can see, the asset buying has slowed and accelerated in the past few years, but the aggregate share of GDP has almost never stopped going up.…
Caterpillar & 3M Show The Economy Is Strong
The Market Never Falls Anymore Even though the Dow was overbought heading into the week, the biggest determining factor for how it would go was earnings. This shows how technical analysis has its limits when news is released. The Dow rallied 0.73% because Caterpillar and 3M reported great results. These reports are evidence of the…
Fading CAT on a Budget
Two Dow stocks - CAT and MMM send the Dow to new all time highs today. In tonight's video market newsletter let's look at 3 options trading strategies around CAT. These strategies can be used to minimize your risk while trying to fade a stock that has gone parabolic. Also, join intraday Futures trader Tony…
Quietest Market Since 1998
Drawdowns Of 10% Are Rare In Stocks & Bonds Even though the major indexes were all down on Monday, the S&P 500 still broke the record for the longest streak without a 3% correction. In searching for a volatility metric that the current streak hasn’t breached, I found the chart below. It shows the maximum monthly…
Big Earnings Week Ahead For Tech
Q3 Earnings Look Great So Far This is the first week where earnings summaries include a significant portion of reports from Q3. As of the end of last week, 17% of S&P 500 firms reported earnings. According to S&P Dow Jones, the insurance firms’ hurricane weakness caused Q3 financial sector earnings to fall from $7.04…
One Day of Selling Does Not Constitute a Sell-Off
Stocks sell off today as the monsters of tech lead the market lower. Watch tonight's video to find out what the risks are and what the opportunities are this week... Also, join intraday Futures trader Tony Rago on this free online seminar called, "The Best Intraday Trading Strategy" sign up using this link: https://archive.theotrade.com/daystrategy/