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Stock Market Today: March 11th - 15th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Mar 8, 2019.

  1. bigbear0083

    bigbear0083 Content Manager
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    Good Thursday morning to all.

    Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open-
    [​IMG] <-- click there to read!

    Hope everyone has a great trading day ahead today.
     
  2. bigbear0083

    bigbear0083 Content Manager
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    Morning Lineup – YTD Lows for the VIX
    Mar 14, 2019

    After a few quiet days outside of Boeing and Brexit to kick off the week, the flow of news is a bit more active this morning. Positive sentiment in equity futures has quickly worn off this morning as headlines indicate that the US and China have put off a planned meeting between President Trump and President XI later this month. The meeting now won’t occur until April at least. Sticking points like the treatment of intellectual property remain unresolved. The delay shouldn’t be entirely surprising given the President’s comments just yesterday that he was in no rush to sign a deal.

    In economic data, Import and Export Prices rose more than expected, as was also the case with Jobless Claims. One stock to note, though, is GE. While the company lowered guidance earlier (no surprise there), it has actually erased earlier losses and is now positive.

    It shouldn’t come as much of a surprise given the market’s strength of late, but sometimes you need a chart to make it hit home. Volatility has once again sunken like a stone this year as the VIX dropped below 14 again this week and just this morning traded down to its lowest level since October 5th.

    [​IMG]
     
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    XRT down pretty big for an index, after one of the dollar stores dropped ~10% on soft guidance.
    [​IMG]

    ULTA reports this evening, a miss could push the XRT below MA supports.
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    WWE breaking out, 2x volume right now.
    [​IMG]

    Non-GAAP earnings are 1.13 this year and 3.08 next year. Revenues are only expected to grow 30%, which is still a nice number but doesn't seem to explain the huge increase in earnings.
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I own some shares of ROST, taking a hit today as well :p
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    All 3 major indexes in the red now
     
  7. bigbear0083

    bigbear0083 Content Manager
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    well, looks like markets taking another pause here at that 2800 ... we've been on either side of this 2800 for how long now? :p

    wonder what it'll take to finally get us moving decisively in either direction :p

    admittedly i haven't been following the news much at all lately, but i wonder if there is anything as far as potentially market moving catalysts in the next weeks/months?

    my guess is we may be kind of choppy until maybe the next round of earnings season gets going next month.

    nothing new from the fed as well...i assume we're all mostly in agreement that consensus has them not moving at all this year.

    edit: do we know when resolution for the china trade talks might be? and do we think that's already largely baked in at this point?
     
    Jrich likes this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The reports are saying we likely get a resolution with China late this month or early next month, we will see I guess :p Some kind of a deal is mostly priced in I would think, no deal would be a pretty big shock for the market.

    Yeah next earnings season could be interesting. There is a little bit of a risk that we might see earnings decline for Q1, I guess market would be pretty happy if earnings stay flat or up a little bit :p
     
    Jrich likes this.
  9. bigbear0083

    bigbear0083 Content Manager
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  10. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    some profit taking in biotech yesterday i guess. lets see if this is the new support or if it will be time for me to sell LABU
     
  11. bigbear0083

    bigbear0083 Content Manager
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    Good Friday morning to all.

    Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open-
    [​IMG] <-- click there to read!

    Hope everyone has a good trading day ahead on this final trading day of the week.
     
  12. bigbear0083

    bigbear0083 Content Manager
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    Morning Lineup – Strong End to a Strong Week
    Mar 15, 2019

    Global equities are finishing the week on a positive note and capping off what has been a very strong week. Chinese equities regained their footing after two days of 1% declines, and Europe is up across the board. Will this be the day that the S&P 500 can finally really break out of its range in the low 2,800s?

    With equities rallying around the globe, you would think that interest rates would be rising as risk looks to be coming off the sidelines. Not this week. US 10-year yields are on pace to finish the week right where they started, and the yield curve is below 20 basis points for the fourth straight day, which is a streak that hasn’t been seen at all in this cycle.

    [​IMG]
     
  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Semis with a big +3% move.
     
  14. rStock

    rStock Well-Known Member

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    VIX below $13
     
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Strong weekly gains for stocks, now we are just about 4% away from the ATH for the SPX :eek:
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    10 year yields at just 2.6% now :eek: If rates remain this low then stocks most likely would do pretty well unless something is wrong with the economy :p
     
  17. bigbear0083

    bigbear0083 Content Manager
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    VIX is probably heading back to the 10 handle again at some point :p

    ^^ This.

    Looks like we are finally busing out over that resistance after so many tries!

    Now to see if we can hold this, maybe consolidate for a bit, then make a run at the ATH :p

    [​IMG]

    Here's an interesting chart I just stumbled across this afternoon.

    Recall that the NYSE A/D line broke out months before the SPX followed suit to new highs. Breadth typically tends to lead price. It begs the question of if the breakout we've seen in the breadth means eventual new ATHs for the SPX at some point? :p

    [​IMG]
     
    stock1234 and Three Eyes like this.

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