Sunday, January 8, 2017

NDX current contition

After making new highs of 4994 the market declined near the end of last month, found support at 4855 on 12/30 has gone up for 4 consecutive days, taking NDX to new all time highs of 5018 last week. In the process the index has broken out of the range that it has traded in during the month of Dec. last year being the most bullish time of the year we can see the index making new highs..

01/06/17


01/03/17

Wednesday, December 28, 2016

Initial Jobless claims: released tomorrow morning

Initial Jobless Claims:

Released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance.

It provides a measure of strength in the labor market.

A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.

A decreasing number should be taken as positive or bullish.

Monday, December 19, 2016

NDX has established a new range

NDX has established a new range but the bars are lot wider then I have seen before, meaning the market has a wider daily range...


Tuesday, December 13, 2016

NDX breaking out today

NDX break out of the trading range that it has been in since Aug of this year. We have not seen prices this high for a long time. It is that time of the year where the markets rally but we also have a historic event happening, the Fed's decision to hike the interest rate, something it has not done in a decade. Normally indices will be very volatile or moving sideways waiting the Fed decision. Today seeing the how the markets rallied ahead of the decision tells me that either the most traders are certain of the outcome of the meeting or it does not matter what happens at the meeting. I wonder if the Fed does not raise the rates as is widely expected, the markets could dive nose down? Something interesting to watch.



Wednesday, December 7, 2016

Jobless claims report tomorrow morning

This jobless claims being the significant read on the jobs market before the Fed decision next Wednesday. If jobless claims repeats what it showed last week, a jump in claims, it will that the markets have a problem of increased joblessness. Signaling a weakening state of the economy the Fed will likely not pass on a rate hike. Today's market rally was a brisk one all the indices were up DJI gained 300 points and NDX which has been in a  downward trend gained 63 points but something interesting to observe is VIX also gained .43 not a significant number but unusual on a day like today!
NDX still trading in the box.


Monday, November 14, 2016

New president Donald Trump??

Taking the Presidency, the House of Representatives, the Senate, and the Supreme Court republican party is in full control at the helm. What that means for the economy and the stock market? The policies that were highlighted during Trump's campaign focused on building the infrastructure, 'The first fiscal stimulus in eight years will pour $1 trillion into infrastructure spending' according to an article on seekingalpha.com. 

Major losers from Republicans policies could be technology, foreign/global equity sectors:

Alphabet (NASDAQ:GOOG) - Technology
Apple (NASDAQ:AAPL) - Technology
Facebook (NASDAQ:FB) -Technology 
Amazon (NASDAQ:AMZN) - Technology 
Tesla (NASDAQ:TSLA) - Electric Cars
First Solar (NASDAQ:FSLR) - Solar Panels
Sun Power (NASDAQ:SPWR) - Solar Panels
General Motors (NYSE:GM) - Globalization
AT&T (NYSE:T) - Telecommunications
Mexico (NYSEARCA:EWW) - Mexico ETF
China (NYSEARCA:FXI) - China ETF
Euro (NYSEARCA:FXE) - Euro ETF
Yen (NYSEARCA:FXY) - Yen ETF
Gold (NYSEARCA:GLD) - Gold
Major beneficiaries of the Republicans policies could be infrastructure, oil & gas, financials, defense and Big pharma 
Caterpillar (NYSE:CAT) - Infrastructure
US Steel (NYSE:X) - Infrastructure
Nucor (NYSE:NUE) - Steel
Pfizer (NYSE:PFE) - Big Pharma
Ely Lily (NYSE:LLY) - Big Pharma
Lockheed Martin (NYSE:LMT) - Defense
Freeport-McMoRan (NYSE:FCX) - Commodities
Exxon Mobil (NYSE:XOM) - Big Oil
Occidental Petroleum (NYSE:OXY) - Energy
Bank of America (NYSE:BAC) - Financials
Goldman Sachs (NYSE:GS) - Financials
Lennar Homes (NYSE:LEN) - Homebuilding

Thursday, October 27, 2016

GOOGL, AMZN, LNKD, BIDU

Big earnings announcements today from GOOG, AMZN, LNKD, BIDU and others. NDX is trading in a narrow range maybe till the election results are out.