Good thing I got out after making a quick buck after earnings were announced. Markets got me today though. I have a long /es option. Was trying to sell at 2270 and just missed it this morning. Had I sold, I'd have bought again near today lows. Or would have sold more up at the highs depending on how long we hung around for. I hate anticipating inside days like this but missing them anyway. Ugh.
Should be interesting to see what happens tomorrow. The SPX hasn't been up on Inauguration Day for a newly elected president since 1960.
Earnings releases before market open tomorrow morning: ($GE $SLB $RF $PG $STI $CFG $SYF $ABCB $KSU $COL) Below are the tickers coming out with earnings before the open tomorrow with the time of release & estimates- Friday 1.20.17 Before Market Open Earnings Releases: Spoiler: CLICK HERE FOR THE CHARTS!
Yeah, Netflix was really nice to me. Not exactly sure what I made yet but it was around $150.00. I'll have the exact number when I get home tonight. I think it's been my best earnings trade in 2017. Out of 8 earnings trades so far.
Ouch. This down move really hurt. Have to stick with my theory though. Doubled down on my long with a tighter stop. If we go as low as 2250 I'll be out for the day. Ugh.
Shhh, the closer it gets back to open the better for my account! Can we please close at or near the open? That's my request for the day.
the 50 day moving average on AMD is 9.76, the battle at that line today was quite epic in the past 30 minutes, i put in a order for 9.77, and it took a good 15 minutes to get filled, ridiculous.
I got out of my futures position with a small loss. Had quite the large loss today when we were down at the lows. Glad I never got stopped out.
Ask and ye shall receive, I guess?!?!?! Gotta love it...the day before Inauguration and we finally get an interesting close out of the RUT. But what is going to happen? Who knows, really, tomorrow could be epic-ly insane...I mean, on some levels it already is, regardless what the Market does! I really want to see none of this happen -- but I feel as if the whole "buy the election, sell the inaguration" mentality is so seeped into the minds of the masses this week, tomorrow it just might come undone & rip to the upside. Technically, you can make a case that we're at a pretty decent level of support. The 50 MA on the Daily (1340) and the 200 MA on the 2-Hour (1338) coincide fairly close. We ended today on a rather indecisive candle right at what could be an emerging support TL. Then again, if you RE-DRAW that same TL to be at where those SAME candles opened/closed, as opposed to how it's drawn now @ the candle extensions -- you'd see a break down through that same TL with a FAILED attempted to get above it. Like I always say, you can draw the chart to say almost anything! So screw it, I'm going against what I want to happen, which is a close in the mid/high 1320s, and calling a winner tomorrow -- it's the Inauguration, it's Trump, we'll see!
#Trump rally to caution: $WallStreet falls as investors pause to look for more details on policy $DJIA $SPX $NASDAQ http://hubs.ly/H05Y_1K0
It's Donald Trump's swearing-in ceremony today. The markets have shown the best performance so far for any presidential transition period. The S&P rose 6.2%, DJIA 8.07% and NASDAQ composite 7.24% since election. But while this rally so far has been fuelled by market expectations of Trump's pro-growth promises, his inauguration will serve as a reality check and will provide direction to the future growth trend. The markets have receded recently to reflect market caution. And many more downside risks to stock market growth remain: 1) Trump's pro-growth policy expectations seem to have already been priced in as evidenced by the rally since elections. There is an underlying assumption that these expectations will be fulfilled. Any risks to fulfilment of these expectations might lead to a strong market reaction 2) While the markets have priced in expectations relating to fiscal spend, lower taxes and deregulation, it appears that an important potential negative - his protectionist leanings, which could impact international trade agreements and foreign trade policy have not yet been factored into the pricing. There remains significant downside risk to growth if Trump does not tone down his anti-trade rhetoric 3) A Republican majority definitely is a plus for quicker policy implementation - but it remains to be seen how much co-operation Trump can garner for his controversial agenda. Given his high unpopularity ratings, Trump will face significant obstacles in implementing and achieving policy goals 4) Even if all goes well and policies are implemented, there could be a significant time lag before the benefits and the economic impact of the policies show up. Further, the growing national debt, strong dollar, rising interest rates could overshadow these benefits Read more about Wall Street's reaction to Trump inauguration here: http://hubs.ly/H05Z0-x0
Good morning Stockaholics! Happy Inauguration Day! Here are your pre-market movers & news on this Friday morning- Spoiler: 1/20 Friday Market Movers & News: BMY, GE, PG, IBM, AXP, DPZ, WFC, LVS, GOOGL, JPM, TGT, RF, STI (CLICK TO SHOW!) 1/20 Friday Market Movers & News: BMY, GE, PG, IBM, AXP, DPZ, WFC, LVS, GOOGL, JPM, TGT, RF, STI Good day Stockaholics! Happy Inauguration Day Friday! Frontrunning: January 20 How Trump Aims to Broadly Reshape Policy (WSJ) Trump Calls for Unity at Opening Concert as Inaugural Festivities Begin (NYT) Trump Takes the Reins of a Deeply Divided Nation (BBG) Washington braces for anti-Trump protests, New Yorkers march (Reuters) After the Parties, a Protest for the Ages (WSJ) Voter Anxiety That Fueled Trump’s Victory Turns to Hope (WSJ) Pageantry, protests to mark the start of Trump's presidency (Reuters) For stock performance under Trump, don't look to prior transitions (Reuters) Bullion Bulls Have History on Their Side as Trump Takes Helm (BBG) Yellen Backs Gradual Rate Rises as Fed Not Behind the Curve (BBG) Doing Business With Putin (BBG) Floor Caving In on Europe Real Estate Stocks Bashed by Rates (BBG) Republican Governors Balk as Congress Races to End Obamacare (BBG) Telecommunications company Avaya files for bankruptcy (Reuters) Finland Prepares for ‘Manifold Warfare’ as Russia Feeds Paranoia (BBG) Samsung Blames Battery Size for Galaxy Note Fires (WSJ) There's an Unexplained $9 Billion Gap in India's Cash Supply (BBG) Turkey can no longer insist on Syria settlement without Assad: Turkish deputy PM (Reuters) Islamic State destroys famous monument in Syria's Palmyra: antiquities chief (Reuters) GE Meets Profit Estimates on Gains in Power, Aviation Units (BBG) P&G profit and sales beat Wall Street estimates (Reuters) U.K. Retail-Sales Slump Hints at Cracks in Britain’s Brexit Boom (BBG) U.S. Oil Producers Ramp Up Spending (WSJ) Robot Crop Pickers Limit Loss of U.S. Farm Workers to Trump Wall (BBG) Companies’ Job Pledges: Analyzing the Numbers (WSJ) Lloyd’s of London Seeks Europe Base as May Backs Hard Brexit (BBG) STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP: YESTERDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): SGYP IBM GE SWKS SPY ENDP PG SLB STI CSX AXP CSCO RF SKX SASR UNP CFG JBHT SYF GFED GLBL FSLR GNC HOMB GEO THIS WEEK'S EARNINGS CALENDAR: THIS WEEK'S IPO's: TODAY'S EARNINGS RELEASES: BEFORE MARKET OPEN: PRE-MARKET TRADING: AFTER MARKET CLOSE: NONE. THIS MORNING'S ANALYST UPGRADES/DOWNGRADES: THIS MORNING'S PRE-MARKET STOCK NEWS MOVERS: source: cnbc.com Bristol-Myers Squibb — The drugmaker's shares are under pressure, after the company decided not to seek accelerated approval for a new lung cancer treatment. It still expects the treatment – a combination of its immunotherapy drugs Opdivo and Yervoy – to be approved in the second half of 2018. General Electric + GE matched estimates with adjusted fourth-quarter profit of 46 cents per share, but revenue came in below Street forecasts. GE did see a nearly 36 percent increase in earnings over a year ago, thanks to growth in its power and renewable energy businesses. Procter & Gamble — The consumer products giant earned $1.08 per share for its latest quarter, beating estimates by 2 cents a share. Revenue came in above estimates, as well. The company also increased its full-year 2017 organic sales growth guidance. IBM — IBM reported adjusted quarterly profit of $5.01 per share, 13 cents a share above estimates. Revenue was slightly above Street forecasts, but fell for the 19th consecutive quarter. IBM did report a 33 percent increase in its cloud business, as it continues its transition away from its older businesses. American Express — American Express missed estimates by 7 cents a share, with adjusted quarterly profit of 91 cents per share. Revenue came in above forecasts and the financial services company raised its 2017 earnings outlook. CEO Kenneth Chenault said the market environment continues to be "very challenging," but that the company's growth initiatives are making progress. Domino's Pizza — The stock was upgraded to "overweight" from "sector weight" at KeyBanc, on optimism about sustainable growth for the pizza chain. KeyBanc is particularly optimistic about the company's strong move into digital ordering. Wells Fargo — Wells Fargo is merging its international business with its wholesale banking operation. International head Richard Yorke was named chief operating officer for the newly constituted wholesale banking unit. Las Vegas Sands — Las Vegas Sands will pay nearly $7 million to end a five-year investigation into alleged corrupt practices. The probe had centered on the casino operator's relationship with a consultant operating in Macau and in China. Las Vegas Sands was not charged with a crime and the settlement does not contain any admission of guilt. Alphabet — Alphabet's Google unit is pushing its own products to top spots in search results, according to a Wall Street Journal study. Those products include everything from Pixel phones to Nest smart thermostats. Separately, Pacific Crest is rating both Alphabet and Facebook"overweight" in resumed coverage, based in large part on increased ad pricing. JPMorgan Chase — Chief Executive Officer Jamie Dimon received a 3.7 percent raise in compensation for 2016, according to a filing with the Securities and Exchange Commission. Dimon received a salary of $1.5 million and incentive-based compensation of $26.5 million, paid in both cash and stock. Target — The retailer promoted executive Rick Gomez to chief marketing officer, a position that had been vacant since August, when Jeff Jones left to take a job at Uber. Regions Financial — The regional bank matched estimates with profit of 23 cents per share, with revenue also essentially in line. Regions did see an increase in net interest margin, a measure of lending profitability. SunTrust Banks — SunTrust came in 2 cents a share above estimates, with quarterly profit of 90 cents per share. Revenue was in line with forecasts. SunTrust did see a drop in profit over a year earlier, thanks in part to higher expenses. Schlumberger — The oilfield services giant matched Street forecasts with adjusted quarterly profit of 27 cents per share, while revenue beat estimates. Schlumberger saw strength in the Middle East and North America, but performance was weaker in Latin America. Have a good trading day to everyone in here on this Friday!
Since today is Inauguration Day and a new president gets worn into office I thought we take a look at the market performance using the DJIA during all presidential terms since 1900.
Interesting that we've been alternating between red and green weekly closes on the SPX for the past 8 weeks. If today should end higher by at least +0.49% it would make it 9 weeks. The record is 11 weeks which was set in 2015.
