Welcome Stockaholics to the trading week of October 9th! 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, QTD, YTD: Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD thus far in 2017- Here are the current pullback/correction levels for the major indices as of this week ending- Here are the most notable earnings releases calendar due out for this upcoming week ahead: ($BAC $C $JPM $DAL $DPZ $BLK $FAST $WFC $CUDA $OZRK $PNC $LNN $FRC $FHN $JBHT $DFRG $VOXX $SAR $HAWK $EXFO) ShadowTrader Video Weekly 10.8.17 - Short term vs Long Term Video from ShadowTrader Peter Reznicek Have a wonderful trading week ahead this week everyone!
Wall St. edges along on tepid bank earnings, media stocks drag The two Wall Street banks, which had already talked down third-quarter expectations, managed to beat Wall Street’s profit estimates but reported a drop in trading revenue. JPMorgan (JPM.N) fell more than 1 percent, while Citigroup (C.N) dropped more than 2 percent. Bank of America (BAC.N) and Wells Fargo (WFC.N), which will report on Friday, were also lower, leading the financials index .SPSY down 0.36 percent. “Not a huge reaction to earnings despite relatively healthy quarter out of the early reporters. The risk is similar to the second quarter in that stocks are being priced for perfection,” said Bryan Reilly, senior investment analyst at CIBC Atlantic Trust. “But the strength in the global economy has accelerated and a weakening dollar should set up companies for very healthy beats in Q3.” With the S&P 500 up about 14 percent in 2017, investors are betting on strong earnings growth across the S&P 500.
