REMINDER: U.S. equity markets are closed Monday, September 1, 2014, for the Labor Day holiday

REMINDER: U.S. equity markets are closed Monday, September 1, 2014, for the Labor Day holiday

Stockshakers Market Close update Friday 08-29-2014

 

S&P 500 records the largest monthly percentage gain since February in August 2014.
Volcanoes In Iceland, Papua New Guinea erupt on the same day, Airlines got hit hard.
Bardarbunga volcano in Iceland began erupting just a few minutes
after midnight local time on Friday.

S&P 500 2,003.37 +6.63 +0.33%
DOW 30 17,098.45 +18.88 +0.11%
NASDAQ 4,580.27 +22.58 +0.50%
Russell 2000 1,174.35 +8.40 +0.72%

 

Stockshakers Market Close update Thursday 08-28-2014

 

 

S&P 500 halts 3-day win streak to end below 2,000.
S&P 500 back below 2,000, snapping 3-session win streak
S&P 500 1,996.74 -3.38 -0.17%
DOW 30 17,079.57 -42.44 -0.25%
NASDAQ 4,557.69 -11.93 -0.26%
Russell 2000 1,165.95 -6.76 -0.58%

 

While the real money is on vacation for another week and a half the market muddles along with minor pullbacks due to geopolitical concerns.

Stockshakers Market Close update Wednesday 08-27-2014

 

 

S&P 500 2,000.12 +0.10 unch
DOW 30 17,122.01 +15.31 +0.09%
NASDAQ 4,569.62 -1.02 -0.02%
Russell 2000 1,172.71 -2.46 -0.21%

 

Stockshakers Market Close update Tuesday 08-26-2014

 

 

 

 

S&P 500 2,000.02 +2.10 +0.11%
DOW 30 17,106.70 +29.83 +0.17%
NASDAQ 4,570.64 +13.29 +0.29%
Russell 2000 1,175.17 +9.95 +0.85%

Stockshakers Market Close update Monday 08-25-2014

 

S&P 500 hit new All time highs and broke above 2000 during todays trading session.
Biotech and medical sectors led the way.
The Bulls were in control today.

 

S&P 500 1,997.92 +9.52 +0.48%
DOW 30 17,076.87 +75.65 +0.44%
NASDAQ 4,557.35 +18.80 +0.41%
Russell 2000 1,165.22 +4.88 +0.42%

Stockshakers Market Close update Friday 08-22-2014

 

Major U.S. stock indexes notch 3rd week of gains.
AAPL hit All time Highs in today’s trading session and extended the upward trajectory into the extended trading session.
S&P 500 1,988.40 -3.97 -0.20%
DOW 30 17,001.22 -38.27 -0.22%
NASDAQ 4,538.55 +6.45 +0.14%
Russell 2000 1,160.34 +0.31 +0.03%

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.