Tuesday, August 29, 2017

Gross Domestic Product Annualized (Q2) - Aug 30th

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The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

Monday, August 14, 2017

Bitcoin (GBTC) from $74 to $760 in one year

Bitcoin ($gbtc ) has moved from the $70's to $700's within the year!

Thursday, August 3, 2017

NDX recent behavior

The start of Aug we seeing a lot more  red-to-green and green-to-red reversals. 

07/27/17                           07/31/17                               08/02/17


Monday, July 24, 2017

GOOG, AMZN, FB Earnings this week

More than a third of the S&P 500 companies and 13 Dow stocks reporting this week.

Earnings: Alphabet, Anadarko Petroleum, Celanese, HalliburtonIllinois Tool Works, Luxottica, Stanley Black and Decker, Ryanair, Arconic, Manpower Group, VF Corp
FOMC meeting begins
Earnings: 3M, Caterpillar, McDonald's, United Technologies, General Motors, Eli Lilly, Biogen, Amgen, AT&T, Chipotle, U.S. Steel, Express Scripts, Kimberly-Clark, Freeport-McMoran, Seagate Technology, JetBlue, TransUnion, T. Rowe Price, Akamai, Texas Instruments
Earnings: Facebook, BoeingCoca-Cola, Gilead Sciences, PayPal, Samsung, Discover Financial, Northrop Grumman, Nasdaq OMX, Hershey, Corning, DR Horton, Daimler, Ford, LVMH, Anthem, General Dynamics, Norfolk Southern, State Street, Six Flags, F5Networks, Vertex Pharma, Whole Foods
Fed Meeting
Earnings: Amazon, Intel, Starbucks, MasterCard, Bristol-Myers Squibb, Celgene, Fiat Chrysler, Verizon, Comcast, Twitter, Altria, A-B InBev, AstraZeneca, Royal Dutch Shell, UPS, Total, Raytheon, Dr. Pepper Snapple, Southwest Air, Dunkin Brands, Deutsche Bank, Diageo, Nokia, Mattel, Boston Beer, Expedia, Brunswick, Baidu
EarningsExxon Mobil, Chevron, Merck, American Airlines, AbbVie, Barclays, UBS, Baker Hughes, BT Group, Cabot Oil and Gas, BNP Paribas, TransCanada, Credit Suisse, Weyerhaeuser, Nomura, CMS Energy

Wednesday, July 19, 2017

Economic Reports for July 20th - Employment data

Tomorrow's employment data could move the markets. Something to be aware of.

Tuesday, July 18, 2017

NDX ATH's again ??

The up-move that started in NDX on 7/7 has been strong, taking us back to the ATH's today. Although the uptrend is very strong the market could very well go sideways from here for a few weeks before determining the next direction.

The 30min time frame the index has moved up considerably since its breakout on 7/7.

The daily time-frame shows the index's almost parabolic move and seems a bit over stretched above the 50 DMA.

Friday, July 7, 2017

NDX 30m vs Daily chart

30 Min: chart shows a range bound movement between 5670 and 5570. Today we closed at the top of that range. Monday will be interesting to see weather we breakout of that range or move down to the bottom of the range.

Daily: Today's big green bar above the 50 DMA is bullish and could be signaling a reversal of the down trend in NDX.