WB may have found a support, it didn't blast through it although the larger market was falling. edit: forgot to paste this the first time: AMD up nicely again.
Big drop for tech and FANG stocks again Value stocks outperforming growth once again today. If Bank of Japan is hawkish tonight, bank stocks could be breaking out
August Preview: A Month for the Bears? The surprise summer rally continues, as the S&P 500 Index is on pace to gain for a fourth consecutive month. In fact, should July close in the green, over the past 21 months, the S&P 500 has closed higher all but three times. Here is the catch: The calendar is something we should not ignore, as August and September are two of the weakest months historically and they are coming up next. As stated in our recently released Midyear Outlook 2018: The Plot Thickens, one of the three major themes we are looking for over the rest of this year is volatility (with fiscal policy and peaks being the other two). Right on cue, here comes the one month where “when it’s down, it’s really down.” “Maybe it’s the back-to-school blues, but since 1980, there is no month with a worse average return when it is lower than August,” explained LPL Research Senior Market Strategist Ryan Detrick. Look at the recent history of August: Iraq invaded Kuwait in 1990, 1997 and 1998 both saw big drops in August over the “Asian Contagion” and the implosion of Long-Term Capital Management (LTCM), 2010 saw a big drop as worries over the global economy spread, 2011 had the U.S. debt downgrade, and 2015 was the China currency issues and a 1,000 Dow drop. Pick a reason why, but August seems to have these big events that cause trouble. As our LPL Chart of the Day shows, August has a penchant for large drops. We continue to expect stock market gains of 10%+ when all is said and done in 2018, thanks to the benefits of fiscal policy and strong corporate profits, suitable investors may consider using any potential late summer weakness as an opportunity to add to risk.
Just laughing at the volatility of HMNY, and this writer at marketwatch https://www.marketwatch.com/story/m...ome-films-in-cost-reducing-measure-2018-07-31 Shareholders of parent company Helios and Matheson Analytics Inc.HMNY, -29.37% rejoiced at the news, sending the stock up more than 100% in early trade after the news broke, before surrendering most of those gains to trade back under $1. The company’s shares have fallen 100% so far this year, Should have put a spoiler alert there, they revealed the ending.
A theatre is just 5 minutes walk away from my home but I am still not going to movies that much anymore
Not expecting much from the FED tomorrow, bonds yields actually holding up well despite the dovish BOJ last night. The tech sector could use a strong earnings report from AAPL after the bell
UPDATE 3-Chipotle slumps 9 pct after Ohio outlet linked to food poisoning complaints https://www.cnbc.com/2018/07/31/reu...tlet-linked-to-food-poisoning-complaints.html No Chipotle store at where I live but this kind of news seem to happen too often for them
whelp, as we're coming into the close here and the end of july the SPX looks to be closing out the month pretty nicely...up about +3.50% for the month as of right now. not too shabby.
having some data feed issues with the spreadsheets today but here's a look at how the other indices are closing up the month.
Yeah a nice month for the bulls for sure, would be even better if we didn't have the selloff in tech end of the month
Some good ERs last night, market up today (so far). TSLA reporting tonight, could be a bad ER. Been looking at the LIT ETF as a proxy for it, although TSLA is not as big a part of it as I thought. I wonder if we're going back to higher volatility with >1% moves a day.
welcome to the first trading day of august, which means we're just one month away from getting out of the summer doldrums! looking forward to the school starting season, and with most traders back from their summer vaca's and at their trading desks. i suspect absent any crazy black swan-ish events, we'll be in for a lot of chop this month.
Highly doubtful that the FED will move the market much today, but let’s see if the 10 yields will move over 3% after the announcement
