There may be a divergence in the Shanghai Composite index. RSI hit 80 a month-and-half ago. Instead of price pulling back, it kept going up. Also steel is looking weak.
The S&P 500 had its highest closing on record Tuesday, marking a fantastic resurgence for stock markets since the rout last year. Despite poor macro-economic data and slumping earnings expectations, investors extended a months-long recovery, reassured in part by recent dovish signals from central banks. The benchmark closed the day 0.9% higher at 2,933.7. The S&P 500 is up 17% this year, and up 25% from its nadir on December 24 2018. (Credit: chart from Sigma by Hydra X - free beta access available)
3M sales declined 5% y/y, and announced they will cut employment for 2,000 globally. These employment cuts are starting in a handful of businesses.
Yeah MMM has really underperformed for its performance when you compare it to the other industrial giants
Some tickets to ‘Avengers: Endgame’ are selling for $500 online https://www.marketwatch.com/story/s...endgame-are-selling-for-500-online-2019-04-24 DIS stock is doing extremely well lately too
Flash Crash Fears Haunt Traders Ahead of 10-Day Japan Break Long positions versus dollar exceed those before flash crash Japan’s currency susceptible to a sharp move up or down: NAB https://www.bloomberg.com/news/arti...apan-pile-into-yen-longs-as-golden-week-nears Could be something to watch for next week, huge up move for the yen could be pretty negative for the stock markets
Looks like the SPX will fall just short of hitting the new intraday ATH today, but probably it will do so pretty soon and could be as soon as next week
LXRX up 17% after hours, their drug Zynquista got approved by the European Commission. Seems the EC is headquartered in Brussels and it is currently 10:15 pm on Friday evening there. Who the heck makes a drug approval announcement at that time?
Not sure, maybe it was approved earlier today but they just waited till AH to release the news? It was a positive news though so it was a little odd if they decided not to release during market hours
New record close for the SPX and the NASDAQ I believe, let's see if they will hit new intraday record highs next week
