Tuesday, February 21, 2017

Relationship between $ (USD) and the US stock market

If we compare the US Dollar Index (USDX), an index that tracks the value of the U.S. dollar against six other major currencies, and the value of the Dow Jones Industrial Average (DJIA), Nasdaq and S&P 500 over a 20-year period, the correlation coefficient calculated for the USDX versus the DJIA, Nasdaq and S&P 500, is 0.35, 0.39 and 0.38, respectively. Note that all of the coefficients are positive, which means that as the value of the U.S. dollar increases, so do the stock indexes, but only by a certain amount. Notice also that each coefficient is below 0.4, which means that only about 35% to 40% of the stock indexes' movements are associated with the movement of the U.S. dollar.

Read more: What is the correlation between American stock prices and the value of the U.S. dollar? | Investopedia http://www.investopedia.com/ask/answers/06/usdollarcorrelation.asp#ixzz4ZORdAV2M
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Saturday, February 4, 2017

Thursday, February 2, 2017

Amazon's Q4 2016 earnings

Amazon.Com (AMZN) reported 4th Quarter December 2016 earnings of $1.54 per share on revenue of $43.7 billion. The consensus earnings estimate was $1.40 per share on revenue of $44.8 billion. The Earnings Whisper number was $1.44 per share. Revenue grew 22.4% on a year-over-year basis.

The company said it expects first quarter revenue of $33.25 billion to $35.75 billion. The current consensus revenue estimate is $35.83 billion for the quarter ending March 31, 2017.

Friday, January 20, 2017

Tuesday, January 17, 2017

Big Banks announcing Earnings tomorrow

Some of the big banks like Goldman Sacks, Citi group, USB are going to announce earnings tomorrow (1/18/17) morning... it appeared that the market is in a waiting mode today as it did not move much. Banks are in the spotlight these days after the Fed has hiked the rate last month.

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..