Welcome Stockaholics to the trading week of February 27th! This past week saw the following moves in the S&P: Major Indices End of Week: Bird's Eye view of the Major Futures Markets on Friday: Economic Calendar for the Week Ahead: Sector Performance WTD, MTD, YTD: What to Watch in the Week Ahead: Monday Earnings: Hertz Global, Tenet Healthcare, Sotheby's, ZTO Express, Oneok, EOG Resources 8:30 a.m. Durable goods 10:00 a.m. Pending home sales 10:30 a.m. Dallas Fed mfg. 11:00 a.m. Dallas Fed President Rob Kaplan Tuesday Earnings: Target, Weight Watchers, AutoZone, NRG Energy, Blue Buffalo, Bank of Nova Scotia, Bank of Montreal, Steve Madden, Salesforce.com, United Health Services, SeaWorld 8:30 a.m. Q4 GDP (second read) 8:30 a.m. Advance economic indicators 9:00 a.m. S&P/Case-Shiller HPI 9:45 a.m. Chicago PMI 10:00 a.m. Consumer confidence 10:00 a.m. Richmond Fed survey 3:00 p.m. San Francisco Fed President John Williams 6:40 p.m. St. Louis Fed President James Bullard Wednesday Monthly vehicle sales Earnings: Best Buy, Mylan Labs, Broadcom, Shake Shack, Planet Fitness, Lowe's, Windstream, Luxottica 8:30 a.m. Personal income and spending 9:45 a.m. Manufacturing PMI 10:00 a.m. ISM manufacturing 10:00 a.m. Construction spending 1:00 p.m. Dallas Fed's Kaplan 2:00 p.m. Fed's Beige Book 6:00 p.m. Fed Gov. Lael Brainard Thursday Earnings: Costco, A-B InBev, Ambev, Toronto-Dominion Bank, JD.com, Kroger, Burlington Stores, Autodesk, American Outdoor Brands, Wingstop, Barnes and Noble, Abercrombie and Fitch 8:30 a.m. Jobless claims 7:00 p.m. Cleveland Fed President Loretta Mester Friday Earnings: WPP Group 9:45 a.m. Services PMI 10:00 a.m. ISM nonmanufacturing 10:15 a.m. Chicago Fed President Charles Evans, Richmond Fed President Jeffrey Lacker 12:15 p.m. Fed Gov. Jerome Powell 1:00 p.m. Federal Reserve Vice Chairman Stanley Fischer at Monetary Policy Forum 1:00 p.m. Fed Chair Janet Yellen, Executives Club of Chicago on outlook, with Q&A
Late-Day Panic-Buying Sends Dow To Longest Record Streak In 30 Years Millions of investors cried out today... "Pause that refreshes" or "Time to panic"? Of course utter panic buying into the close ensure a green close and an 11th record in a row - the longest streak in 30 years - because everyone knows stocks don't close red into the weekend - The Dow went green for the first time of the day with 17 seconds to the close! But this was the 3rd up-week in a row for The Dow (and 5th up-week in a row for the S&P and Nasdaq). Biggest weekly drop for Small Caps in 5 weeks After 15 straight days higher, the S&P tech sector suffered its biggest decline of the year... Financials worst day in 5 weeks, Goldman worst day in Feb, worst week in 5 weeks...The Big Banks were all red on the week... Stocks and Bonds are both up 5 days in a row... This is the 6th day in a row that The Dow and the Long Bond have risen in price together... equal record longest streak (1989 and 1994) But while stocks actually having a down day was briefly possible, it was precious metals that stood out... Gold rose above $1250 this week for the first time since the election - Gold is up 8 of the last 9 weeks... Silver is up 9 weeks in a row, back above its 200DMA - longest streak since May 2006 Bitcoin hit a new record high... Crucially, anxiety in Europe - ignored by most - has sparked panic bids into short-dated German paper Dragging global DM yields lower across the curve... Leaving Treasuries 'cheapest' to Bunds since 2000... Even as 10Y yields tested 3-month lows... This was the 10Y Bond Future's best week since June 2016... The Dollar dropped on the week - the 7th weekly drop of the last 9... Yen was the biggest driver (stronger against the greenback) but we note Cable had been until it tumbled today... Copper was clubbed but bounced back, Precious metals were the week's big winners... * * * As we asked earlier... Who's Right? The 30Y Yield just dropped back below 3.00% once again and 10Y is back at February lows - what happens next? Despite the exuberance of hope, protection is heavily bid... And if Utility stocks' demand is anything to go by, bond yields have a long way to fall... Finally - absent the hope-strewn soft-survey data, 'hard' data has decidedly deteriorated... So who's right? Stocks... or VIX and Bonds and Real macro data?
Spoiler: Weekend Reading: Errant Thinking Submitted by Lance Roberts via RealInvestmentAdvice.com, Last week, I penned a post entitled “You Can’t Time The Market?” which was subsequently picked up on the Seeking Alpha website. It is always interesting for me to read the comments on the articles as it gives me a lot of insight as to the psychology of individuals currently investing in the markets. Specifically, it also tells me much about individuals who have never been through a “reversion” in the markets. The article was addressing an individual’s ability to capture the upside in the market while missing a bulk of the downside by employing even a simple moving average strategy. To wit: “While there are many sophisticated methods of handling risk within a portfolio, even using a basic method of price analysis, such as a moving average crossover, can be a valuable tool over the long term holding periods. Will such a method ALWAYS be right? Absolutely not. However, will such a method keep you from losing large amounts of capital? Absolutely.” “By using some measures, fundamental or technical, to reduce portfolio risk by taking profits as prices/valuations rise, or vice versa, the long-term results of avoiding periods of severe capital loss will outweigh missed short term gains. Small adjustments can have a significant impact over the long run.” Of course, this is where, despite seeing the chart posted above, this comment was left. “Completely disagree since the market can trade at or near a record top for months or years. Yes, much of the time. Check a monthly chart of SPX. “ Okay, we can do that. As shown, while markets during the FIRST HALF of the market cycle can certainly elevate to extremely overvalued levels as exuberance displaces underlying fundamentals, the SECOND HALF takes generally wipes out all of the gains from previous break-even levels. Unfortunately, given the fact that investors don’t live forever, unless they have contracted vampirism along the way, the issue of time horizons are a major problem of the recovery process. It is this errant thinking that continually leads investors to believe that somehow this time is different. While exuberance in the markets currently reigns as prices continue to reflect economic and fundamental perfection, this time is likely no different than the last. The only difference will be that those with experience will leave the markets with the money from those whom will ultimately gain the experience. In the meantime, here is what I am reading this weekend. Fed/Economy Culture Shock by Danielle DiMartino-Booth via Money Strong Trump Putting Off One Of His Biggest Promises Till 2018 by Bob Bryan via BI Trump Is In The Wrong Place At The Wrong Time by Frank Chaparro via BI Regulations Are Stifling Business by Stephen Moore via The Washington Times Trump Needs To Build On Market Gains by Jonathon Trugman via NY Post Trump Is Wrong, Banks ARE Lending by Gretchen Morgenson via NYT The Inherent Asymmetry In The Fed’s Policy by Caroline Baum via MarketWatch The Great Disruptor Strikes Again by David Stockman via Daily Reckoning Job Creation Has Nothing To Do With Trump by Isabel Sawhill via Real Clear Markets GDP: Can Trump Deliver 4% by Anu Bararia via The Fiscal Times Why Do Republicans Think They Can Deliver GDP Growth? by Paul Krugman via NYT 1986 – The Last Tax Overhaul by Albert Hunt via Bloomberg The Contradiction At The Heart Of Trump’s Policies by Ana Swanson via WonkBlog Markets Warning Signs Are Piling Up by Frank Chaparro via BI Bull Market For Junk Bonds by James Picerno via Capital Spectator The Rally In Stocks Is Doomed by Wolf Richter via Wolf Street The Case For Dow 30,000 Has Strengthened by Nigam Arora via MarketWatch This Contradiction Has Everyone At Odds by Sam Ro via Yahoo Finance Market Timing Out Of Favor? Might Be A Sign. by Mark Hulbert via MarketWatch Stocks: High Risk Of Disappointment by Buttonwood via The Economist Oil Going To $70 Or $30 by Nick Cunningham via OilPrice.com Yellen To WallStreet: Slow It Down by Mark DeCambre via MarketWatch This Bull Market May Soon Hit Resistance by Michael Kahn via Barron’s Is The Trump Stock Bubble Ready To Bust? by Bress Levin via Vanity Fair Only Blind Faith Could Have Me Long This Market by Doug Kass via Real Clear Markets Dow 21,000 Masks Stocks Being Left Behind by Anthony Mirhaydari via Fiscal Times Why Investors Shouldn’t Just “Buy Everything” by Joseph Adinolfi via MarketWatch Too Far Too Fast? by Paul La Monica via CNN Money Research / Interesting Reads Chicago Fed: Economy Has Been Stalling by Jeff Seymour via HVST.com The Flip Side Of Interest Rates by Matthew Klein via FT Alphaville Millennials Becoming More Socialist by Joel Kotkin via The Daily Beast How The Fed Is Gaslighting You by Mike aka Gubbmintcheese Lies, Damn Lies & Taxes by Marc Chandler via Real Clear Markets You Should Be Afraid Of FaceBook by Leonid Bershidsky via Bloomberg Debunking Myths Of IRA’s by Maurie Backman via USA Today Cash-Out Refinancing Signs Of Trouble by Keith Jurow via Advisor Perspectives The Fed’s Credibility Problem by Jeffrey Snider via Alhambra Partners Recession Concerns Grow As Gas Slides By Most In 16 Years by Tyler Durden via ZeroHedge Financial Engineering Has Masked Economic Health by Satyajit Das via MarketWatch When Speculator Prosper Through Ignorance by John Hussman via Hussman Funds Stocks Boast Record Run Of Buoyant Behavior by Dana Lyons via Tumblr What’s A Prudent Investor To Do? by Jesse Felder via The Felder Report “Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality is distorted by a misconception.” – George Soros
Here's how the major indices have fared WTD, MTD, QTD & YTD thus far in 2017: Here are where the major indices stand since the Nov. 8th Presidential Election and Inauguration Day as of market close 2.24.17: S&P sectors for the week:
Historically, March’s performance slips in post-election years Tempestuous March markets tend to drive prices up early in the month and batter stocks at month end. Julius Caesar failed to heed the famous warning to “beware the Ides of March” but investors have been served well when they have. Stock prices have a propensity to decline, sometimes rather precipitously, during the latter days of the month. March is the end of the first quarter, which brings with it Triple Witching and an abundance of portfolio maneuvers from The Street. March Triple-Witching Weeks have been quite bullish in recent years, DJIA up 9 of the last 11. But the week after is the exact opposite, DJIA down 19 of the last 29 years—and frequently down sharply for an average drop of 0.5%. Notable gains during the week after for DJIA of 4.9% in 2000, 3.1% in 2007, 6.8% in 2009, and 3.1% in 2011 are the rare exceptions to this historically poor performing timeframe. Normally a decent performing market month, post-election year payments to the Piper take a toll on March as average gains are trimmed significantly. In post-election years March ranks: 5th worst for DJIA and Russell 1000; NASDAQ is 4th worst while S&P 500 and Russell 2000 are the best at 6th worst. In 11 post-election years since 1973, NASDAQ has advanced just five times, most recently in 2013 (+3.4%). Choppy start and a mid-month surge shape March over last 21 years March has exhibited a tendency to begin with gains on its first trading and third trading day and then slip into a choppy up/down pattern until the eleventh trading day (mid-month). At which point, DJIA, S&P 500, NASDAQ, Russell 1000 and 2000 have typically rallied until the nineteenth trading day of March. From here to the end of the month, all but Russell 2000 headed lower. On average all five indices finish March with a gain. NASDAQ’s laggard performance is mainly due to sizable losses in 1997 (–6.7%) and 2001 (–14.5%). March’s mid-month surge is likely partly due to inflows to retirement accounts (those on a 1st and 15th pay cycle) and possibly in anticipation to the beginning of another bullish earnings reporting season in April. January Indicator Trifecta Crushing All Other Patterns & Indicators–S&P 500 2776 By Yearend? As of today’s close, DJIA is up 4.96% year-to-date, S&P 500 is up 5.65% and NASDAQ is up a strong 8.97%. The market shrugged off typical weakness before and after Presidents’ Day and appears to be even skipping typical weakness seen during a new administration’s first 100 days in office. This strength and resilience is noteworthy as it does appear in one pattern, the pattern of past years that also had a positive January Indicator Trifecta. In the following charts 2017 is compared to all past Post-Election Years, all past January Trifecta years and past Post-Election Years that also had a positive January Trifecta. 2017 DJIA and S&P 500 performance has (or very nearly) caught up with the bullish positive January Trifecta pattern while NASDAQ is actually exceeding past averages. Taking the most bullish of these patterns, past Post-Election Years with a positive January Trifecta, and applying them to current market levels results in some rather large numbers by yearend; DJIA 23940, S&P 500 2776 and NASDAQ 6804. Back in December we released our Annual Forecast for 2017 and laid out three scenarios; worst case, base case and best case with probabilities attached to them. Worst case was a mild bear market with a 5% chance. Base case was for continued tepid economic growth and single-digit to low double-digit gains, 65% chance. Our best case of 20% plus gains, based upon an acceleration of growth, tax reform, healthcare reform and infrastructure buildout, had a 30% chance. The longer the market keeps making new all-time highs, the better the odds are for the best case scenario to play out, but we still await signs of and confirmation of acceleration in growth, tax and healthcare reform and infrastructure buildout.
When it comes to rankings, a “ten” is typically considered as good as it gets. In many sports, a “ten” is considered the best possible score. In 1976, Nadia Comaneci was the first gymnast to ever score a perfect ten when she was flawless on the uneven bars. Then, in 1979, Bo Derek also taught us that a ten was perfect. In 1984, the “perfect ten” was one-upped when ‘guitarist’ Nigel Tufnel from Spinal Tap introduced the world to amps that had a volume control that topped out at eleven. His reasoning was that every once in awhile there are those times where you have the volume up to ten and everything is going great but there is nowhere else to go from there. To solve the problem Tufnel tells the interviewer (played by Rob Reiner) that his amps go to eleven for those times when the band needs the “extra push off the cliff.” This week, the DJIA was more than perfect, and like the amps from Spinal Tap, it pulled an eleven. And it did so in dramatic fashion, as the only time that the DJIA traded in positive territory was in the final seconds of the trading day. So where do we go from here? Along with the DJIA this week, all of the major averages hit new bull market and all-time highs, as one of the most unloved bull markets of all time continues to chug along. For the S&P 500, the current bull ranks as the second longest and third strongest of all time. While it will be some time before the current bull makes a run for the top spot in either category, in strength terms, a gain of 5% from here will put the current bull into second all-time as well. Best Performing Stocks Around the World Since Trump’s Election Feb 24, 2017 Below is a chart of the Bloomberg World Stock Market Capitalization index. The index tracks the market cap of all publicly traded equities across the globe. As shown, total world stock market cap currently stands at $71 trillion. While US stocks are at new all-time highs, this global index has yet to eclipse its high of $73.3 trillion seen back in 2015. Come on ‘rest of world’! In the chart, we highlight the Obama Presidency (in blue) from election day 2008 through election day 2016. During that 8-year period, global stock market cap rose from $34 trillion up to $65 trillion. Since Trump’s election last November, we’ve seen global market cap rise another $6 trillion up to its current level of $71 trillion. The table below highlights the 40 best performing stocks around the world since last November’s election in local currency terms (11/8/16 close). This list comes from a broader list of the 500 largest stocks in the Bloomberg World index. For each stock, we include its sector and the country that it’s headquartered in. As shown, biotech firm Actelion out of Switzerland is up the most at +98.67%, followed by CSX Corp at +50.11% and Mitsubishi UFJ Financial (Japan) at +43.02%. Nomura Holdings (Japan) ranks 4th with a gain of 43.01%, and then Sprint Corp (S) rounds out the top five with a gain of 42.82%. Other notables in the top ten include NVIDIA (NVDA), Bank of America (BAC), and Deutsche Bank. Tesla (TSLA) ranks 18th with a gain of 31.08%. Looking at sector representation, Financials dominate with 17 out of 40 stocks. Health Care stocks actually rank second with six names and Industrials rank third with five. Check back with us in a few months for an update! Bullish Sentiment Rises But Still Low Feb 23, 2017 With nine straight record closes for the DJIA, it should come as a surprise to no one that bullish sentiment increased in the latest week. What continues to amaze us, however, is the level of sentiment. According to the latest sentiment survey from AAII, bullish sentiment rose by 5.4 percentage points to 38.46%. This marks the sixth straight week where bullish sentiment has come in below 40%, but more importantly, it’s a record 112th straight week where bullish sentiment has come in below 50%. While bullish sentiment increased, bearish sentiment was relatively unchanged at 32.31% (32.36% last week). In other words, nearly one-third of investors are flat out bearish. Also, if you look at the right-hand side of the chart (red circle), bears have been sneakily trending higher in the last several weeks. Pretty much all of the increase in the bullish camp this week came from neutrals which fell below 30% for the first time since the Inauguration. S&P 500: 50-Day and 200-Day Moving Average Spreads Feb 23, 2017 Below is a chart of the S&P 500 going back two years, with the index’s 50-day moving average and 200-day moving average included. As you can see, the S&P has moved well above both its 50-day and 200-day at this point, and it’s currently trading at the top of an uptrend channel that began forming over a year ago. Below is a chart showing the 50-day moving average spread for the S&P 500 since October 2008. This simply measures the percentage that the S&P’s price is trading from its 50-day. While there’s been a lot of talk recently about how extended the market has gotten, at +3.45%, the S&P isn’t really trading that far above its 50-day on a relative basis. There have been multiple occasions over the the last five years where this reading hit 5%. While the index isn’t that far above its 50-day, it has been trading above its 50-day for quite some time now. In fact, it has been 71 trading days since the index last closed below its 50-DMA. As shown in the chart of these streaks below, 71 trading day streaks haven’t been that uncommon either. However, given where the index is trading at the moment, it’s going to take a pretty significant drop for the streak to break, meaning at this point we’ll likely surpass the 80-trading day level that hasn’t been topped since 2010. And while the S&P isn’t that far extended above its 50-day, it has moved pretty far above its 200-day. At +8.57%, the S&P’s 200-day moving average spread is at its highest level since mid-2014. Notably, the 200-day spread trended lower from early 2013 through late 2015, but since the start of 2016, this reading has been trending higher. The S&P has now closed above its 200-day for the last 165 trading days. Below is a chart showing streaks of closes above the 200-day going back to 2008. It’s going to take a massive rally from here to eclipse the 477 trading day streak that we saw from late 2012 to late 2014! US Bull Market Chugs Along Feb 21, 2017 Below is an updated look at historical bull markets for the S&P 500 going back to its inception in 1928. Remember, the standard definition of a “bull market” is a 20%+ rally that was preceded by a 20%+ decline. We’ll leave the argument over what should or shouldn’t be considered a bull market for another day. Here we’re only reporting the numbers. As shown below, the current bull market that began on March 9th, 2009 has now lasted 2,906 days. That makes the current bull the second longest on record by 299 days. The only bull market that lasted longer was the one that ran from December 1987 through March 2000. Remarkably, the S&P didn’t experience a decline of 20% on a closing basis over that entire 4,494-day period. Another notable stat is that the current bull has now lasted more than 1,000 days longer than the previous bull that ran from July 2002 to October 2007. In terms of strength, the current bull still ranks third best with a gain of 248.96%. To move into second place, the gain will need to eclipse the 267% rally seen from June 1949 through August 1956. In case you’re wondering, the shortest bull market on record lasted just 24 days — occurring all inside the month of June 1931. Best and Worst Performing Stocks Since the Inauguration Feb 21, 2017 It has now been one full month since Donald J. Trump was inaugurated as President, and you may recall that the general consensus after the big post-election rally was that investors should “buy the Election and sell the Inauguration.” Even though the ‘buy’ part of the strategy was never mentioned until early January – well after the market rallied in November – the consensus trade was that all of the gains pre-Inauguration were being borrowed from the future and that investors would sell the news after Trump was sworn in. It has only been a month, but so far the strategy hasn’t quite panned out. Since Inauguration Day, the S&P 500 is up 3.3%, while the average performance of the 500 stocks in the index is even better at +3.6%. In the tables below, we provide a brief summary of the S&P 500’s biggest winners and losers during the first full month under President Trump. The first table below lists the 25 biggest winners over the last month. Leading the way higher is Arconic (ARNC), which thanks to an activist investor, is up over 40%. Behind ARNC, Seagate Technology (STX) is the only other stock up more than 20%. Other notable names on the list include Apple (AAPL) and Cisco (CSCO). In terms of sector representation, it was surprising to see relatively few stocks from the Financials (3) and Industrials (4) sectors as they have been considered to be among the biggest winners under a President Trump. On the flipside, the sectors with the greatest representation are Technology and Health Care, each with six stocks. Both of these sectors did poorly on a relative basis to close out 2016, but investors have started coming around to them regardless of the President’s not-so-positive-relationship with the sectors. To the downside, 117 stocks in the S&P 500 are down since the Inauguration, and below we list the 25 worst performers. Under Armour (UAA) has been the worst stock by far, losing close to a quarter of its value. Behind UAA, eight other stocks are down 10%, including other consumer names like Mattel (MAT), Ralph Lauren (RL), and H&R Block (HRB). In fact, Consumer Discretionary stocks have been especially hard hit under President Trump with eight of the worst 25 performers. Likewise, even though he has promised to decrease regulation and ease drilling restrictions, eight stocks from the Energy sector also made the list of 25 biggest losers. Perhaps there will be just too much oil coming out of the ground. One sector conspicuously absent from the list of biggest losers is Financials. While they may not be ripping under President Trump, Financials also haven’t been under pressure by any stretch.
Does 10 In A Row Equal 1987? (Part 1) Posted by lplresearch The Dow is up an incredible 10 days in a row, for the longest winning streak since March 2013. What makes the win streak extra special is that each of those days marked a new record high, with January 1987 being the last time that happened. Going back to 1900, this is the fifteenth time the Dow has had a 10-day win streak. The past two times this happened, in November 1996 and March 2013, the Dow was up another 19.3% and 10.5% a year later, respectively. After the streak ends, it is normal to see continued near-term strength, with the Dow having been up 1.8% on average over the subsequent three months; however, going out six months to a year the returns have historically been rather muted. Another important point is that we did see long win streaks ahead of the Great Depression in 1929 and before the bear market of ‘73/’74, so those returns are greatly impacting longer-term returns. Of course, those streaks preceded recessions, although we still believe one is unlikely to occur over the next 12 months. Finally, it is worth noting the Dow is up only 3.8% during this win streak, one of the weakest returns ever during a 10-day win streak. Per Ryan Detrick, Senior Market Strategist, “Long win streaks tend to bring with them a fear of heights, as we all know what goes up must come down. It isn’t quite that simple though when it comes to investing, as history has shown if the economy doesn’t enter a recession soon after these long win streaks, continued gains are very possible. Sure, a well-deserved pullback is possible at any time here, but to say a long win streak means a coming bear market is simply wrong and the data would support this.” On Monday, we will take another look at this streak and show why on a much longer-term basis, the Dow might not be as overextended as many think. Will Municipal Bonds March Lower? Posted by lplresearch Believe it or not, March is nearly upon us. This is positive news for those looking forward to melting snow and warmer temperatures, but it’s less exciting for municipal bond investors as March has historically been a difficult month for the municipal bond market, as the chart below shows. What are the causes of March weakness, and can we expect a similar situation this year? There are several reasons for this weakness, first of which is a difficult seasonal period for the broader bond market. Moves in Treasury markets tend to drive other fixed income sectors, and this time of year usually sees a seasonal increase in Treasury issuance ahead of tax refund season. We see no reason that this year should be different than past years in this respect. A second factor is supply in the municipal market itself. Municipal supply tends to wind down toward the end of the year, and stay below average in January and February before ramping up in March. December of 2016 saw higher-than-average volume as municipalities pushed to get deals priced ahead of the Federal Reserve’s well-telegraphed December rate hike, but since that time, supply has contracted as expected although it is likely that supply will pick up as we head toward March. A final factor is tax-related selling. Investors often need to sell assets in order to pay tax bills and the municipal pullback in the fourth quarter of 2016 means that many investors may have unrealized losses, making the asset class a more attractive sale candidate. While history is not a guarantee of the future path of markets, it seems that all of the factors are falling into place for another weak March for municipal bonds. We will continue to monitor developments and share our observations on the LPL Research blog.
Stockaholics come join us in our weekly market poll and vote where you think the markets will end this upcoming week ahead!- Weekly SPX Poll - Sentiment (2/27-3/3) <-- click there to cast your weekly vote for this upcoming week! In addition we have our weekly stock picking challenge now up and running as well!- Stockaholics Weekly Stock Picking Contest for the Week of (2/27-3/3) <-- click there to post your weekly picks for this week! We also now have a daily stock picking & market direction guessing challenge running here!- Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (2/27) <-- click there to cast your daily vote & stock pick for Monday! Lastly, we have the monthly market poll & monthly stock picking challenge threads now open as well!- First the monthly market sentiment poll for March- Monthly SPX Poll - March 2017 Sentiment <-- click there to cast your monthly vote for March! And here is the monthly stock picking challenge for March- Stockaholics March 2017 Stock Picking Contest <-- click there to post your monthly picks for March! And finally we have a Fed poll now up and running as well. Will the FOMC raise rates at their next meeting in March?- Fed Poll: Will the FOMC raise rates to <1.00% on Wednesday, March 15th @ 2:00PM ET? <-- click there to cast your vote! It would be pretty awesome to see some of you join us and participate on these. I hope you all have a fantastic weekend ahead!
Here are the most anticipated ERs for this upcoming week ahead (I'll also have the earnings chart posted in here as well once it's ready) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 2.27.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 2.27.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 2.28.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 2.28.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 3.1.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 3.1.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 3.2.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 3.2.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 3.3.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 3.3.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES!
If this market ever decides to pullback from here (yea right lol ) here are the pullback/correction levels from the ATHs for each of the major indices respectively as of this week-
And as promised here are some of EW's most anticipated ERs due out for this upcoming week ahead: ($VRX $PCLN $CRM $AVGO $TGT $ENDP $EXEL $BBY $DPZ $HZNP $LOW $FTR $AMT $IONS $PANW $KR $TASR $AZO $AZAD)
ShadowTrader Video Weekly 2.26.17 - Trading Psychology, the time to short?, Dalton, NTES, PCLN, LC Video from ShadowTrader Peter Reznicek SKIP TO 5:30 if you don't want to hear about all of the Trading Psychology stuff.
My plan this week is to upset Gertoz by to finish to trade by selling premium. Or, picking up pennies as he calls it. Who is Gertoz? No idea. Just someone who keeps writing me messages here. Messages of warning that I'm to get run over by a train if I'm not careful. Thanks Gertoz!
Last week I mentioned I thought this was looking like a Megaphone stock pattern. If we come back down from here, well.... http://www.investopedia.com/terms/b/broadeningformation.asp Interesting how close the pattern they drew looks like this current /ES
Let me know if you have a problem with him and it can be sorted out. If you think it's just "friendly advice" he's trying to give, we can ignore it. I haven't noticed it if it's been in these threads, so I'm guessing it's by private message.
Good Monday morning Stockaholics! Hope you all had a nice relaxing weekend in here and are ready for a new week, fresh start. Here are your pre-market stock movers & market news on this first trading day of the new week- 2/27 Monday Market Movers & News: BRK.A, AAPL, TSLA, WMT, CVX, URBN, HOG, SAM, GOOGL, C, T, KATE, UA <-- click there to view! Happy trading week to all of you in here this week. Hope y'all make some good $$$ this week!
