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, YTD:
Filling in for Cy this week. First time I'm doing this but just a warning for all that this won't be anywhere near as amazing as Cy's threads lol. Hopefully nobody is too disappointed by this. Welcome Stockaholics to the trading week of July 3rd! S&P 500 and Dow close higher, Nasdaq posts best first half since 2009 The Dow and S&P posted their best first-half gains since 2009, while the Nasdaq notched its best start to the year since 2009. But the major indexes ended the first half, and the second quarter, on a sour note. The Dow, S&P and Nasdaq closed lower for the week as technology stocks have rolled over. U.S. equities closed mostly higher on Friday as Wall Street capped a strong first-half performance. The S&P 500 rose 0.1 percent, with energy and consumer discretionary leading advancers. The index has gained 8.3 percent this year, notching its best first-half gains since 2013, when it gained 12.6 percent. The Dow Jones industrial average rose about 63 points, with Nike contributing the most gains. The 30-stock index has risen 8 percent through the first six months of the year, marking its best start to a year since 2013. The Nasdaq composite closed just below breakeven. The tech-heavy index,however, has easily outperformed the Dow and the S&P this year, surging 14.1 percent and posted its largest first-half gains since 2009. "We're off to a superb start and why not? The data have been good," said Mike Baele, managing director at U.S. Bank Private Client Reserve. "But what's really been positive have been earnings and the forecast for the rest of the year are pretty good." That said, the major indexes ended the first half, and the second quarter, on a sour note. The Dow, S&P and Nasdaq closed the week as technology stocks have rolled over. Tech has been the best-performing sector for most of 2017, rising more than 15 percent in the period. But over the past month it has dropped more than 2 percent. Still, Jason Hunter, a technical analyst at JPMorgan, said in a note Thursday the recent breakdown in the stock market is not the start of a "lasting and material correction." "While we have been growing more concerned about a summer top pattern and potential correction into the fall, that medium-term bearish reversal pattern has not developed yet," Hunter said. "Furthermore, the current weakness is in part driven by the bearish global bond price action." Yields across the globe have been spiking higher lately amid hawkish rhetoric from key central bank officials, including European Central Bank President Mario Draghi. The 10-year German bund yield rose to about 0.46 percent from around 0.25 percent this week. U.S. Treasury yields followed their German counterparts higher, with the benchmark 10-year yield climbing to 2.28 percent from 2.15 percent. Higher yields have helped bank stocks this week, with the SPDR S&P Bank exchange-traded fund (KBE) advancing 3.8 percent in the period. "Banks have a lot going for them," said Bruce Bittles, chief investment strategist at Baird. "Not only could the economy be getting better and rates are rising, but regulations seem to be going down." The banks also received a boost after the Federal Reserve cleared capital returns programs for the big banks. The central bank did not object to any of the buybacks or dividend hikes from the 34 banks it reviewed during the second phase of its annual stress test. This is the first time in the seven-year history of the tests implemented in the wake of the financial crisis that all banks have passed. "This is a big deal not just for the banks but for the overall market," said Eric Ervin, CEO of Reality Shares. "Now financials are one of the biggest dividend-paying sectors." The Dow Jones industrial average rose 62.60 points, or 0.29 percent, to close at 21,349.63, with Nike leading advancers and Goldman Sachs lagging. The S&P 500 gained 3.71 points, or 0.15 percent, to end at 2,423.41, with industrials leading five sectors higher and utilities underperforming. The Nasdaq fell 3.93 points, or 0.06 percent, to close at 6,140.42. About nine stocks advanced for every five decliners at the New York Stock Exchange, with an exchange volume of 952.13 million and a composite volume of 6.58 billion at the close. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.1. This past week saw the following moves in the S&P: Economic Calendar for the Week Ahead: Earnings Calendar for this week: Mods feel free to edit/add to this as you like. Hope everyone has a great July 4th holiday shortened week ahead!
June Gloom: Nasdaq Suffers Biggest Loss Since October As Dollar, Bonds, Economy Plunge The thundering herd of "individuals" shifted awkwardly as June came to an end... US Economic data in Q2 was the most disappointing since Q2 2011... June was a rollercoaster: Nasdaq's worst month since October (breaking a 7 month win streak) FANG Stocks worst month (first losing month) since November Dow best month since February Small Caps best month since November Risk-Parity Funds lost 1.6% in June - the first loss since November 10Y Treasury Yield biggest rise since November Treasury Yield Curve unchanged. Gold's worst month since November USD Index feel for 5th of last 6 months WTI fell for 4th straight month (despite last 7 days up - best streak in 6 months) Small Caps were the biggest gainers in June, Nasdaq the biggest loser... the S&P (light green) bounced of unch for June yesterday and its 40DMA... The Dow manage to outperform, helped by the banks, the long bond ended June unch, Gold down, and WTI down wose but making a big comeback... FANG Stocks could not catch a bid... Notably, as both high-beta stocks and bonds are hammered in the last two weeks, so Risk-Parity funds are coming under serious pressure... The Dollar Index tumbled in June to its weakest since Sept 2016... Led by a 3.7% surge in the Loonie (JPY was 1.5% weaker against the dollar in June)... Treasuries saw the biggest moves in the month... Fascinatingly, 30Y actually saw yields lower on the month even as the rest of the curve all rose (led by 5Y)... By a miracle of modern algos, the 2s10s Treasury curve ended June perfectly unchanged thanks to the dramatic steepening in the last 4 days... Copper had the best month of the commodity bunch as perhaps signals that China is folding on its tightening efforts are appearing...big finish to the month for crude too... Ok - so having got June out of the way, this week has been full of swings too... The Dow desperatly scrambled up to unchanged on the week, Nasdaq bouned a little but couldn't hold gains, and While Small Caps led the week, BUT when the ugliness hit at the bell, everythig plunged, Dow closed red on the week and Small Caps managed tiny gain... VIX jumped back above 11 into the close as Nasdaq went red on the day.. And an ugly week for bonds too... The Dollar Index saw its worst week in the last 7, led by strength in Cable, the Loonie, and Euro; JPY was weaker on the week... WTI soared 7.3% on the week and despite Dollar weaknes, Precious metals limped lower... WTI Crude is up 7 days in a row - the best streak in 6 months, bouncing off support around $42/43 again...
Stock Market Analysis for Week Ending 6.30.17 Video from AlphaTrends Brian Shannon ShadowTrader Video Weekly 7.2.17 Video from ShadowTrader Peter Reznicek
Here are the most anticipated ERs for this upcoming week ahead (I'll also have the earnings chart posted in here as well once it's ready) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 7.3.17 Before Market Open: Spoiler: Click here to view Monday's AM Earnings Reports Wednesday 7.5.17 After Market Close: Spoiler: Click here to view Wednesday's PM Earnings Reports Thursday 7.6.17 Before Market Open: Spoiler: Click here to view Thursday's AM Earnings Reports Thursday 7.6.17 After Market Close: Spoiler: Click here to view Thursday's PM Earnings Reports
Alright, that'll do it. Not quite @bigbear0083 level, but it was the best I could do with the time given. Hope you all have a great remainder of the holiday weekend, a safe 4th of July, and a great trading week next week!
@dwilliamst7 I guess we both made one at the same time! I moved your post in here as well. Thanks for getting that up. If I knew for sure you were going to make one I would have just let you do it. You said you'd do it if you had time, so I figured I'd try to help you out. Looks good though!
Haha. Wow this looks so much better than what I had posted! Nice work @T0rm3nted and thank you for moving my thread in here. Cheers and happy 4th to ya!
Just got up, I am in vacation now until tomorrow night. Tried to check the market before the close but I was too sleepy Seems like the selling pressure for tech continues Anyway, Happy 4th to all of you