Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Stock Market Daily Discussion for May 23rd - 27th

Discussion in 'Stock Market Today' started by StockJock-e, May 21, 2016.

  1. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,040
    Likes Received:
    2,059
    Welcome to the trading week of May 23rd!


    This past week saw the following moves in the S&P:

    [​IMG]

    Week ahead will tell whether markets challenge Fed
    The key to the coming week will be about whether markets can absorb the Fed's rate hike message without getting indigestion.

    The central bank bombarded markets in the past week with the message that it could raise interest rates for the second time in nine years as early as June, if the economy continues to improve as expected. What was different in its message was the new urgency of the timing, made clear in the minutes from its last meeting and in the comments from Fed officials.

    So there will be much interest in the handful of central bank speakers in the coming week, with particular focus on Fed Chair Janet Yellen, who will be at Harvard on Friday afternoon. Yellen is receiving the Radcliffe Medal, and she will also be interviewed by economist Greg Mankiw.

    What to watch:

    Monday
    Earnings: Ryanair, Nordson, KLX

    6:15 a.m. St. Louis Fed President James Bullard in Beijing
    8 a.m. San Francisco Fed President John Williams
    6:30 p.m. Philadelphia Fed President Patrick Harker
    9:45 a.m. Manufacturing PMI

    Tuesday
    Earnings: Best Buy, Toll Brothers, Hewlett Packard Enterprise, Intuit, AutoZone

    10 a.m. New home sales
    1 p.m. $26 billion two-year note auction

    Wednesday
    Earnings: HP, Tiffany, Costco, NetApp, Bank of Montreal, Express, Lions Gate, Guess, Popeye's Louisiana Kitchen

    8:30 a.m. International trade
    9 a.m. Philadelphia Fed's Harker
    9 a.m. FHFA HPI
    11:40 a.m. Minneapolis Fed President Neel Kashkari
    1 p.m. $34 billion five-year note auction
    1:30 a.m. Dallas Fed President Rob Kaplan

    Thursday
    Earnings: Canadian Imperial, Royal Bank of Canada, Toronto Dominion Bank, Signet, Abercrombie and Fitch, Seadrill, International Game Technology, GameStop

    6:10 a.m. St. Louis Fed's Bullard
    8:30 a.m. Initial claims
    8:30 a.m. Durable goods
    9:45 a.m. Services PMI
    10 a.m. Pending home sales
    12:15 p.m. Fed Gov. Jerome Powell
    1 p.m. $28 billion seven-year note auction

    Friday

    8:30 a.m. am Real GDP Q1 (second)
    10 a.m. Consumer sentiment
    1:15 p.m. Fed Chair Janet Yellen receives award, in Q&A at Harvard

    [​IMG]
    Patti Domm
    CNBC Executive News Editor


    [​IMG]
     
    LSS Trading and T0rm3nted like this.
  2. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,040
    Likes Received:
    2,059
    I had a nice chat with Maximus yesterday:

     
    OldFart likes this.
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,907
    Likes Received:
    2,562
    Airlines looking rough. As a whole, the JETS ETF could not hold a support trendline and average momentum topped out.

    Weekly chart
    [​IMG]

    ALK is having trouble getting final approval for their acquisition of VA, and lost support trendline
    [​IMG]

    If things go bad for airlines, ALGT may take the biggest fall. eg if VA cannot be acquired by ALK, then these little airlines may have a tough time growing. Or just airline weakness in general

    Weekly chart, showing momentum downtrend. The momentum was already negative:
    [​IMG]
     
  4. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,040
    Likes Received:
    2,059
    JETS is an ETF I have never looked at before! Thanks!
     
  5. Vegastrader66

    Vegastrader66 Member

    Joined:
    Apr 9, 2016
    Messages:
    70
    Likes Received:
    73
    This weeks market wrap and sector watch video > going from a bear to a bull?
     
    OldFart, Tiptopptrader and DoveJohns like this.
  6. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,040
    Likes Received:
    2,059
    Go to bull!

    Its the default position lol
     
  7. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    5,042
    Likes Received:
    1,152
    Well done Vegastrader. I am in agreement with your take on Semi's and the upcoming Computex show could give a added lift into the following week...May 31 - June 4
     
    Vegastrader66 likes this.
  8. Vegastrader66

    Vegastrader66 Member

    Joined:
    Apr 9, 2016
    Messages:
    70
    Likes Received:
    73
  9. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,040
    Likes Received:
    2,059
    Cant embed videos other than the usual sites Youtube, Vimeo, FB etc
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,907
    Likes Received:
    2,562
    Thanks @Vegastrader66 . I like HACK, as a surrogate for PANW earnings this week, and QLYS is running hot (still need to watch your "stocks on the radar" show if you mention that one). And the aerospace sector is going strong right now, thanks for sharing your opinion.
     
  11. bigbear83

    bigbear83 Active Member

    Joined:
    May 22, 2016
    Messages:
    129
    Likes Received:
    67
    ShadowTrader Video Weekly 05.22.16 - The Song Remains The Same
    Video from ShadowTrader Peter Reznicek
     
    OldFart likes this.
  12. LSS Trading

    LSS Trading Member

    Joined:
    Apr 21, 2016
    Messages:
    61
    Likes Received:
    22
  13. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,040
    Likes Received:
    2,059
    OLED getting some love pre market
     
  14. MaximusAnalysis

    MaximusAnalysis Active Member

    Joined:
    Apr 4, 2016
    Messages:
    456
    Likes Received:
    141
  15. duck mich

    duck mich Member

    Joined:
    Apr 6, 2016
    Messages:
    97
    Likes Received:
    16
    MGT is also on the move Pre-market
     
  16. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,040
    Likes Received:
    2,059
    The entertainment this gives me is worth the money!
     
  17. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,951
    Likes Received:
    1,784
    sideways markets...meh, maybe tomorrow
     
  18. duck mich

    duck mich Member

    Joined:
    Apr 6, 2016
    Messages:
    97
    Likes Received:
    16
    sideways is really boring, :(
     
    OldFart likes this.
  19. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    7,040
    Likes Received:
    2,059
    Boring is good!

    That always leads to excitement later!
     
  20. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,951
    Likes Received:
    1,784
    LOL

    maybe I should have called it "consolidation"?...
     

Share This Page