Stockshakers Market Close update Thursday 07-31-2014

 

Well, that was inconvenient.
Argentina defaults again…Bonds near all time highs, The Russian Ukrainian conflict, the Gaza conflict, and the the equities markets rolled over today.
No  matter how painful it was for you today stay firm in your resolve.
“Never give in–never, never, never, never, in nothing great or small, large or petty, never give in except to convictions of honour and good sense. Never yield to force; never yield to the apparently overwhelming might of the enemy.” – Winston Churchill

 

S&P 500 1,930.67 -39.40 -2.00%
DOW 30 16,563.30 -317.06 -1.88%
NASDAQ 4,369.77 -93.13 -2.09%
Russell 2000 1,120.07 -26.50 -2.31%

We won’t know until tomorrow if this was just a blip in the trend or if this was the start of something bigger.

 

 

Stockshakers Market Close update Wednesday 07-30-2014

Fed day and we live to fight another day.

 
S&P 500 1,970.07 +0.12 +0.01%
DOW 30 16,880.36 -31.75 -0.19%
NASDAQ 4,462.90 +20.20 +0.45%
Russell 2000 1,146.57 +4.93 +0.43%

Stockshakers Market Close update Tuesday 07-29-2014

Russian women are kinda hot until their beard fills out, but all of the Russian Sanctions have added extra drama to the week that features a Fed Wednesday and a Friday featuring some potentially market moving economic releases. Watch the Dollar/Yen relationship, along with the TICK Chart and the Bonds remain resiliant at highs. A breakout to the upside on Bonds could give equities enough of a shove to start a tumble.

S&P 500 1,969.95 -8.96 -0.45%
DOW 30 16,912.11 -70.48 -0.42%
NASDAQ 4,442.70 -2.21 -0.05%
Russell 2000 1,141.64 +2.14 +0.19%

 

TWTR – Twitter had blow out numbers in the extended trading session to drive the price up over $10 per share hitting the $52 level during the run.
While this exceeds 2.5 Standard deviation in move there should be continued buying interest early in Wednesdays trading session and Stockshakers will be Selling Puts in the 45 to 50 range. TWTR may have gained the most of any company from the World Cup this year.

 

3 Stooges

Lets Band together to resolve this matter

 

Stockshakers Market Close update Monday 07-28-2014

 

Another strong day for Stockshakers as markets fought off rising Yen, Dropping TICKS (Sell Programs), and Strong Bonds at Annual Highs.

S&P 500 1,978.91 +0.57 +0.03%
DOW 30 16,982.59 +22.02 +0.13%
NASDAQ 4,444.91 -4.65 -0.10%
Russell 2000 1,139.50 -5.22 -0.46%

 

U.S. and Europe Agree to Sharply Escalate Sanctions on Russia
The United States and Europe put aside their differences and agreed on Monday to sharply escalate economic sanctions against Russia in a set of coordinated actions driven by the conclusion that Moscow has taken a more direct role in the war in Ukraine. After months in which European leaders were hesitant to go as far as the Americans, the two sides settled on a package of measures that would target Russia’s financial, energy and defense sectors. In some cases, the Europeans may actually leapfrog beyond what the United States has done, forcing Washington to try to catch up. The agreement came during an unusual five-way video conference between President Obama and his counterparts from Britain, France, Germany and Italy in advance of a European Union meeting scheduled for Tuesday to consider new sanctions against Russia. American and European officials said the leaders agreed that Russia has not only not backed down since the shooting of a Malaysia Airlines passenger jet but has also accelerated its involvement in Ukraine’s burgeoning civil war. This could add more volatility to the markets and possibly weaken the Euro as well as European markets and in turn soften the US markets as well while adding more of a bullish tone to Bonds.

 

Earnings before the open Tuesday 07/29/2014: WYNN AET BP CPLA CVLT GLW ETN ETR FDP HCA ITW IPGP LVLT MDC MMC MSO MLM MHFI MDSO NYT NEM NLSN RYN RAI SIRI SAVE TRW UPS WDR WM YNDX

Congress, at the end of this week starts a 5 week recess.

 

 

Stockshakers Market Close update Friday 07-25-2014

S&P 500 1,978.32 -9.66 -0.49%
DOW 30 16,960.34 -123.46 -0.72%
NASDAQ 4,449.56 -22.55 -0.50%
Russell 2000 1,144.71 -11.55 -1.00%

Goldman downgrades Equities to Neutral over 3 months
Goldman downgraded its Equities allocation to Neutral over the next 3 months given less attractive near-term risk/reward. The firm believes a sell-off in government bonds increases equities risk near-term but continues to believe it is the best positioned asset class over the next 12 months.

Wall Street Movie Poster from back in the day 2014-07-25-pad_image

Sector look for the week

Week of 7-21-2014 — 7-25-201 

Stockshakers Market Close update Thursday 07-24-2014

 

Markets were under some pressure today as The Dollar and Yen battle waged on and Bonds will not relent.
Earnings season is filled with Surprises , AMZN Amazon got pounded hard in the After hours trading session Thursday.

Stockshakers continued to rake in Put Credit Spread and Call Spread Premium, with many weeklies expiring worthless Friday leaving us the Full credit.

Alan Greenspan was out there today promoting his upcoming paperback, Greenspan said the
Fed’s biggest challenge right now is unwinding its massive $4.3 trillion balance
sheet. He said he thought the stock market would
see a sharp selloff once Janet Yellen and the Fed begin to raise interest rates.
S&P 500 1,987.94 +0.93 +0.05%
DOW 30 17,083.80 -2.83 -0.02%
NASDAQ 4,472.11 -1.59 -0.04%
Russell 2000 1,156.06 -2.08 -0.18%

Stockshakers Market Close update Wednesday 07-23-2014

S&P 500 closes at new record high, nears 2000; Boeing BA weighs on Dow industrials
Top performing sectors: Biotech IBB, Airline, Paper, Home Const ITB, Health XLV, Broker IAI,
Social Media SOCL, Energy XLE, Medical Supplies, Crude Oil USO
weakest sectors included: Semi XSD, Solar TAN, Networking IGN, Defense PPA

S&P 500 1,987.01 +3.48 +0.18%
DOW 30 17,086.63 -26.91 -0.16%
NASDAQ 4,473.70 +17.68 +0.40%
Russell 2000 1,158.14 +1.99 +0.17%

 

Stockshakers are Long FB into Earnings with Put Credit Spreads PCS and Directional Calls on multiple expiration’s and Strikes.
Long SBUX, FTNT,FEYE,PANW
Stockshakers are short NFLX and PCLN.

Stockshakers Market Close update Tuesday 07-22-2014

Stocks finished higher as the S&P 500 touched a new intraday all-time high, but failed to make a new closing record high, while the Dow and Nasdaq also climbed.
Puma Biotech. spikes over 100% after hours to 130.00 following news of positive trial results and Neratinib licensing amendment with Pfizer.
Puma Biotech. announces positive top line results from Phase III PB272 trial in Adjuvant Breast Cancer (ExteNET Trial); Neratinib achieves statistically significant improvement in disease free survival (59.03 +0.05)
Co announced top line results from the Phase III clinical trial of Puma’s investigational drug PB272 (neratinib) for the extended adjuvant treatment of breast cancer (ExteNET Trial).
Ending the extended session at 178 per share. Wow.

 

S&P 500 1,983.53 +9.90 +0.50%
DOW 30 17,113.54 +61.81 +0.36%
NASDAQ 4,456.02 +31.32 +0.71%
Russell 2000 1,156.15 +9.49 +0.83%

Stockshakers Market Close update Monday 07-21-2014

S&P 500 1,973.63 -4.59 -0.23%
DOW 30 17,051.73 -48.45 -0.28%
NASDAQ 4,424.70 -7.45 -0.17%
Russell 2000 1,146.66 -4.95 -0.43%

Monday the U.S. Equities markets opened with a down bias and started to recover around 11AM EST.

Big concern is later in the the markets did show additional weakness.

 

Stockshakers Market Close update Thursday 07-17-2014

 

U.S. Equities markets opened quietly Thursday but there was no buying conviction.
It didn’t take long before the news turned ominous and very sad with the loss of life from the with the news of the Malaysian airlines passenger jet was shot down over Ukraine near the Russian border.
Markets attempted an afternoon rebound, however managed new lows during the last hour  in reaction to reports indicating Israel has launched a ground offensive in Gaza.

S&P 500 1,958.12 -23.45 -1.18%
DOW 30 16,976.81 -161.39 -0.94%
NASDAQ 4,363.45 -62.52 -1.41%
Russell 2000 1,133.60 -17.95 -1.56%

It is too soon to tell if this is the start of something bigger or if we will see the bounce we would welcome on Friday.

 

Stockshakers Market Bias Alert

Instead of our typical nightly wrap-up for Wednesday night July 16,2014, unfortunately we need to take pause here.
Every indicator and scan is showing us increasing volatility and a heightened sense of concern about the U.S. Equities markets.

We would never try to call a top or anything that silly but we do want to share what we are seeing in our scans.
Additionally please note that the market has been selling each rally intraday which is the sign that somebody is selling into strength while we still have strength.
There is a likelihood that we trade into options expiration with a sideways to down bias.

S&P 500 1,981.57 +8.29 +0.42%
DOW 30 17,138.20 +77.52 +0.45%
NASDAQ 4,425.97 +9.58 +0.22%
Russell 2000 1,151.55 -2.26 -0.20%

 

Please be safe and remember that no matter what the market does Stockshakers will be here for you and with you through the ups and the downs.
We are in this together.
If you do not have your hedges in place, make it your top priority to seek out hedges 1st thing Thursday morning.
Hope that we do not need them…but always a good thing to be prepared.