Stockshakers Market Close update Thursday 08-21-2014

 

S&P 500 Sets a new all time High in today’s trading session ending at record high for 28th time this year.
Markets continued to rise today with investors displaying confidence in what Fed Chair Yellen will say tomorrow in Jackson Hole. As well the German manufacturing purchasing managers index jumped to 58 for August from 55.8 in July marking the highest level since April 2010. Investors take-away appears to be that the slowdown in Germany will be short-lived. As well new home sales rose for a fourth straight month.

S&P 500 1,992.37 +5.86 +0.29%
DOW 30 17,039.49 +60.36 +0.36%
NASDAQ 4,532.10 +5.62 +0.12%
Russell 2000 1,160.03 +2.52 +0.22%

Despite the gains in equities, Treasuries maintained a bullish bias throughout the session. The 10-yr note added seven ticks with its yield slipping two basis points to 2.41%.
Volume remained below average with  550 million shares changing hands at the NYSE.

Economic data included Initial Claims, Existing Home Sales, Philadelphia Fed Survey, and Leading Indicators:
The initial claims level fell to 298,000 from an upwardly revised 312,000.
The Department of Labor reiterated that there were no special factors that influenced the initial claims level, suggesting the reading resulted from an improvement in labor market conditions
Existing home sales increased 2.4% to 5.15 million SAAR in July from a slightly downwardly revised 5.03 million SAAR (from 5.04 million) in June.
This was the fourth consecutive monthly gain and contrasted with the downward move in both the Pending Home Sales Index and MBA Mortgage Purchase Index
Sales are down 4.3% from a year ago
The Philadelphia Fed’s Business Outlook Survey increased to 28.0 in August from 23.9 in July.
The strength in the headline result gains came from the average workweek index (13.3 from 12.5) and inventories (8.3 from 4.8)
The Conference Board’s Index of Leading Indicators increased 0.9% in July after increasing an upwardly revised 0.6% (from 0.3%) in June.
There is no economic data on tomorrow’s schedule.

Year to date index performance:
Nasdaq Composite +8.5% YTD
S&P 500 +7.8% YTD
Dow  +2.8% YTD
Russell 2000 -0.3% YTD

Stockshakers Market Close update Wednesday 08-20-2014

 

S&P 500 1,986.51 +4.91 +0.25%
DOW 30 16,979.13 +59.54 +0.35%
NASDAQ 4,526.48 -1.03 -0.02%
Russell 2000 1,157.51 -4.96 -0.43%

Stockshakers Market Close update Tuesday 08-19-2014

NASDAQ makes it 5 wins in a row, markets continue to make a steady climb higher. Watch the Yen futures they are leading the way here and the RUT will be the leading hedge candidate for market turns.

 

S&P 500 1,981.60 +9.86 +0.50%
DOW 30 16,919.59 +80.85 +0.48%
NASDAQ 4,527.51 +19.20 +0.43%
Russell 2000 1,162.47 +4.07 +0.35%

Stockshakers Market Close update Monday 08-18-2014

 

One of the Lightest volume traded days of the year – vacation season is under way.
S&P 500 1,971.73 +16.67 +0.85%
DOW 30 16,838.74 +175.83 +1.06%
NASDAQ 4,508.31 +43.38 +0.97%
Russell 2000 1,158.40 +16.75 +1.47%

Nasdaq ends at 14-year high

Stockshakers Market Close update Friday 08-15-2014

 

 

S&P 500 1,955.06 -0.12 -0.01%
DOW 30 16,662.91 -50.67 -0.30%
NASDAQ 4,464.93 +11.93 +0.27%
Russell 2000 1,141.65 -1.69 -0.15%

 

 

Nasdaq 100 (QQQ) made a new bull market high on Friday, Before shots were fired in Ukraine, the QQQ’s were up and hit $97.63, taking out the July 24 high of $97.51.

Stockshakers Market Close update Thursday 08-14-2014 Chartpocalypse

 

S&P 500 1,955.18 +8.46 +0.43%
DOW 30 16,713.58 +61.78 +0.37%
NASDAQ 4,453.00 +18.87 +0.43%
Russell 2000 1,143.34 +1.56 +0.14%

 

Stockshakers Market Close update Wednesday 08-13-2014 Chartpocalypse

The stock market ended the midweek session up with the Nasdaq leading the way advancing 1.0%, while the S&P 500 added 0.7% with all 10 sectors ending in the green. Biotech helped fuel the Nasdaq rally.
The NYSE has solid market breadth and the Summation Index is about to turn up today and the VIX
is trading just below its 50 day moving average. These levels suggest a continuation fo the
current rally.
S&P 500 1,946.72 +12.97 +0.67%
DOW 30 16,651.80 +91.26 +0.55%
NASDAQ 4,434.13 +44.88 +1.02%
Russell 2000 1,141.78 +8.75 +0.77%

Stockshakers Market Close update Tuesday 08-12-2014 Chartnado

 

Tuesdays session was a half day for stockshakers, luckily it was the better half of the session.

 

S&P 500 1,933.75 -3.17 -0.16%
DOW 30 16,560.54 -9.44 -0.06%
NASDAQ 4,389.25 -12.08 -0.27%
Russell 2000 1,133.03 -8.90 -0.78%

Stockshakers Market Close update Monday 08-11-2014 Chartnado

 

Small-cap stocks lead the way to second day of gains in the U.S. markets

 
S&P 500 1,936.92 +5.33 +0.28%
DOW 30 16,569.98 +16.05 +0.10%
NASDAQ 4,401.33 +30.43 +0.70%
Russell 2000 1,141.93 +10.58 +0.94%

 

Sad news about the death of Robin Williams.

Stockshakers Market Close update Friday 08-08-2014 Chartnado

Friday the U.S. Equities markets were like a breath of fresh air and caught a bid.
Some buyers showed back up on lower than average volume.
PCLN Reports before the open Monday and can move 100 points in the blink of an eye so it will be interesting to see how this Chartnado looks Monday.

Earnings Preview for the week of August 11 – 15  some of the companies reporting include:
Monday:
Pre Market – SYY, DF, PCLN, HE, HPT, CACQ, WAC, MNKD, GOGO
After Hours – CZR, HTHT, MTZ, VTR, CVG, NUAN, RAX, MR, NOR, TTEC, TRAK, SKH
Tuesday:
Pre Market – CST, VAL, FLO, TW, AER, SOL, KATE
After Hours – URS, FOSL, KING, CREE, JDSU, VSAT, JKHY, HMIN, LQ, MYGN, FTD
Wednesday:
Pre Market – DE, M, AIT, PF, CSIQ, CAE, SEAS, IOC, ARES
After Hours – CSCO, SPTN, ANW, NTAP, VIPS, NTES, EXXI, IAG, SCAI, PAAS, SLW, WX, NDLS, AZPN,
OCLR, RMAX, YUME, XONE
Thursday:
Pre Market – WMT, KSS, AAP, PRGO, PWE, BGG, DANG, RRGB, GK, LRN
After Hours – JWN, JCP, AMAT, A, ADSK, SINA, EXTR, WB, PCTY
Friday:
Pre Market – JD, EL

 
S&P 500 1,931.59 +22.02 +1.15%
DOW 30 16,553.93 +185.66 +1.13%
NASDAQ 4,370.90 +35.93 +0.83%
Russell 2000 1,131.35 +11.59 +1.04%

 

Selected ATH’s today: PBYI BRK/B SBAC AMT THI AIRM UEIC EEFT CORE TMST RSG DKL LGP JMEI LEAF XRS SPBC SXC TOUR SGC ZEN PFNX

Stockshakers Market Close update Thursday 08-07-2014

U.S. Equities markets were under pressure Thursday.
The Dow Jones Industrial Average is officially negative on a year-to-date basis. It is down about 1% for the year, but the Nasdaq
and S&P 500 are holding their own in positive territory. For the year, the Nasdaq is up about 4.2%, while the S&P 500 is up about
3.9%.
SPX closed below the 100 DMA for the first time in quite some time.
The weekly jobless claims number was encouraging, as it showed 289,000 new claims versus the 305,000 that economists had expected.
This is good news for workers, and it was definitely a plus to see that number move back below 300,000.

S&P 500 1,909.57 -10.67 -0.56%
DOW 30 16,368.27 -75.07 -0.46%
NASDAQ 4,334.97 -20.08 -0.46%
Russell 2000 1,119.76 -5.79 -0.51%

TRIN above 2 close

TRIN above 2 close

 

 

 

 

 

 

 

 

Tekmira Pharmaceuticals (TKMR) said the FDA has verbally confirmed they have modified the full clinical hold  placed on the TKM-Ebola Investigational New Drug Application (IND) to a partial clinical hold. This action enables the potential use of TKM-Ebola in individuals infected with Ebola virus.

 

The $TRIN closed above 2 which indicates oversold conditions.

 

 

Stockshakers Market Close update Wednesday 08-06-2014

 

Wednesdays Stock market trading action was subdued.
Stockshakers took the Spy trades as hedges and traded the swings up and down several times.

 

S&P 500 1,920.24 +0.03 unch
DOW 30 16,443.34 +13.87 +0.08%
NASDAQ 4,355.05 +2.21 +0.05%
Russell 2000 1,125.55 +3.99 +0.36%

Cutting long positions when the profits are available. TSLA Options paid off today.