Stock Market Today: July 22nd - 26th, 2019

Looking for a turnaround tomorrow. Growth not outperforming Value right now.

 

nice jump on the ECB news...wonder if it'll hold?...

 

the wave just crashed....lol

 

Surprised by the beating that SAVE is taking today, airlines didn't seem to be in a volatile place right now.

 

so ECB lowers rates, markets drop lower....If the Federal reserve bank lowers rates in the USA, wonder if we'll have the same reaction?

 

AAL drops big too although not nearly as much as SAVE

 

I think the ECB didn’t cut, I need to double check to confirm though

The disappointment from the ECB might be good, setting a lower expectations for the FED next week

 

"signals" a rate cut....ah...ok

 

The market is definitely vulnerable for the central bank decision though. If the FED disappoints next week then look out below at least for the short term

 

Dang that got wiped out, bearish engulfing.


In other foreign markets, Nikkei with a reversal hammer right at trendline.


Lucky VIX is still less than 13, lower probability we see a steep pullback in the US.

 

BYND is insane , that is all lol.

as for earnings, looks like amazon and google are the tale of 2 different tapes, nice pop on google.

amazon missed on eps but beat on rev

 

Nice AH result from GOOGL, but all it did was go right up to resistance?

 

Last GDP estimate before tomorrows announcement. expected 1.8%

 

Market up

 

took the leap of faith on ROKU and LABU , at what i consider to be decent entry points.

 

Drug pricing bill passes Senate committee, another may come from the House

• By a 19-9 vote, the Prescription Drug Pricing Reduction Act has advanced out of the Senate Finance Committee and will go before the full Senate this fall. The bill would cap out-of-pocket costs for medicines at $3,100 per year for Medicare beneficiaries beginning in 2022 and require drug makers to rebate Medicare if they hike prices above inflation.
• Republicans tried to throw out the inflation provision but failed on a 14-14 vote.
• Democrats tried to include a provision allowing the government to set drug prices but failed on a 12-16 vote.
• House Speaker Nancy Pelosi says Democrats in the lower chamber plan to introduce a drug pricing measure in September, casting doubt on whether the House will take up the Senate version.
• Predictably, the drug industry's main lobby group, the Pharmaceutical Research and Manufacturers of America, is opposed and spent more than $16M in H1 lobbying Congress and members of the Trump administration.

 

TWTR up big after earnings Social media having a good earnings season with TWTR and SNAP up big after their earnings

New ATHs for the market heading into the FED next Wednesday, will the FED deliver what the market wants? We shall see