Stockshakers Market Close update Wednesday 12-31-2014 Last trading session of 2014 sees Treasuries rise, Equities sink

Happy New Year from Stockshakers.
U.S. Stocks Fall From Record Levels to Pare Monthly Gain while Treasuries in Biggest Advance in Three Years Amid Low Inflation and the U.S. dollar enjoys its best year since 2005.

S&P 500 2,058.90 -21.45 -1.03%
DOW 30 17,823.07 -160.00 -0.89%
NASDAQ 4,736.05 -41.39 -0.87%
Russell 2000 1,204.70 -8.35 -0.69%

The stock market ended the last session of 2014 on a lower note. The S&P 500 lost 1.0%, but that did not stop the benchmark index from gaining 11.4% over the course of 2014. Meanwhile, the tech-heavy Nasdaq ended the
session (-0.9%) and the year (+13.4%) ahead of the S&P 500.

Before we delve into the details of today’s trading day, it is important to note that trading volume at the NYSE was among the lowest of the year (650 million), suggesting few carbon-based life forms took part in the final affair of
the year.

All ten sectors settled in the red with utilities (-1.9%) ending at the bottom of the leaderboard. In all likelihood, today’s selling was a function of profit taking after the countercyclical sector led the 2014 market rally with a gain of
24.3%.

The remaining groups did not fare much better. The top-weighted technology sector (-1.2%) was among the early leaders, but began fading from its high not long before noon ET, dragging the broader market down with it. Apple
(AAPL 110.38, -2.14) began the day with a slim gain, but found itself in the red within the first 45 minutes of the session. The largest sector component continued retreating throughout the day while other large cap tech names
followed suit. Shares of Apple fell 1.9% today, but still soared nearly 38.0% in 2014. Chipmakers, meanwhile, outperformed with the PHLX Semiconductor Index losing 0.6%.

The outperformance of chipmakers helped the Nasdaq exhibit some relative strength, but the index also received a helping hand from biotechnology. The iShares Nasdaq Biotechnology ETF (IBB 303.35, -1.27) shed 0.4% while
the health care sector (-1.0%) could not stay out of the red, narrowing its 2014 advance to 23.3%.

Elsewhere among cyclical groups, financials (-1.2%) lagged while the energy sector lost 0.8% to widen its 2014 decline to 10.0% amid another volatile day in oil trading pits. WTI crude dipped below the $52.60/bbl mark ahead of
the close, but rocketed back to its session high to end the day lower by 1.0% at $53.49/bbl.

Also of note, the consumer discretionary sector (-0.4%) ended ahead of other groups. Homebuilders and retailers were responsible for the outperformance as iShares Dow Jones US Home Construction (ITB 25.88, +0.20)
gained 0.8% while SPDR S&P Retail ETF (XRT 96.01, -0.28) slipped 0.3%.

Treasuries capped a strong year with another rally. As a result, the benchmark 10-yr yield fell two basis points to 2.17%, finishing 87 basis points below its close from December 31, 2014. On a somewhat related note, the Dollar
Index (90.27, +0.28) climbed 0.3% to end the year at its best level since early 2006.

Nasdaq Composite +13.4% YTD
S&P 500 +11.4% YTD
Dow Jones Industrial Average +7.5% YTD
Russell 2000 +3.6% YTD

Stockshakers Market Close update Tuesday 12-30-2014 Dow struggles to hold onto 18,000 as stocks slip

Dow struggles to hold onto 18,000 as stocks slip

Dow closes down 55 points to lose grip on 18,000 level; S&P win streak snapped
U.S. stocks dropped Tuesday, catching their breath after the S&P 500 on Monday scored its 53rd record close of the year.
Trading is light on the second-to-last day of 2014, as many investors remain away on year-end breaks.
The stock market ended the Tuesday session on a broadly lower note. The Nasdaq Composite (-0.6%) was the weakest performer among the major averages while the S&P 500 (-0.5%) ended a bit ahead of the tech-heavy
index.
Name Last Change Percent
S&P 500 2,080.34 -10.23 -0.49%
DOW 30 17,983.07 -55.16 -0.31%
NASDAQ 4,777.44 -29.47 -0.61%
Russell 2000 1,213.05 -6.06 -0.50%

Equities began the day in negative territory and remained below their flat lines until the close. However, participation was very limited with just 525 million shares changing hands at the NYSE floor. The light activity was also
reflected by narrow trading ranges with the S&P 500 bounded between 2,080 and 2,084 for most of the session.

Overall, cyclical sectors were responsible for the bulk of the weakness as three of six growth-sensitive groups settled in-line with or behind the broader market while the utilities sector (-2.1%) was the only laggard on the
countercyclical side.

The utilities sector spent the entire session at the bottom of the leaderboard to narrow its 2014 gain to 26.6%. Despite today’s retreat, the rate-sensitive group remains on track to finish the year ahead of the other nine sectors
while health care, which has spiked 24.5% in 2014, is all but sure to finish the year in the second place.

Similar to utilities, the energy sector (-0.6%) slumped out of the gate amid early weakness in crude oil, which endured a volatile session. The energy component faced selling pressure overnight, but was able to climb into the
green this morning, ending higher by 0.8% at $54.10/bbl. Today’s uptick in the price of crude could not prevent oil services provider Civeo (CVEO 3.92, -4.35) from slashing its guidance for next year, which caused the stock to
plunge 52.6%.

Elsewhere, other influential sectors like industrials (-0.5%) and technology (-0.7%) kept the market under pressure while consumer discretionary (-0.4%), financials (-0.1%), and health care (-0.4%) displayed relative strength.

For the most part, the health care sector withstood weakness in the biotech group that pressured the iShares Nasdaq Biotechnology ETF (IBB 304.62, -3.39) lower by 1.1%. This in turn contributed to the underperformance of
the Nasdaq Composite.

Treasuries notched their highs shortly after the opening bell before retreating throughout the day. The 10-yr yield slipped one basis point to 2.19%.
Nasdaq Composite +14.4% YTD
S&P 500 +12.6% YTD
Dow Jones Industrial Average +8.5% YTD
Russell 2000 +4.1% YTD

Stockshakers Market Close update Monday 12-29-2014 Sleepy trading action on a calm orderly Holiday week

Dow industrials lose 16 points to snap winning streak at seven sessions
S&P 500 2,090.57 +1.80 +0.09%
DOW 30 18,038.23 -15.48 -0.09%
NASDAQ 4,806.91 +0.05 unch
Russell 2000 1,219.11 +3.90 +0.32%

Markets opened the first session of the new week on a mildly negative note but the indices quickly stabilized and rotated off the lows. While the major
averages were able to reach positive territory with the S&P setting a minor new record high above Friday’s peak, (but by less than one point) momentum
was lacking as choppy action at steady to slightly higher levels has persisted into the afternoon. The market headed into this week with solid momentum
(Dow up seven in a row) but the lack of favorable market moving news amid a short term extended posture has kept buying interest sidelined. The limited
range trade continued into the close but a last minute slip put an end to the Dow win streak (‐15). Sectors that provided upside leadership included: Natural
Gas UNG, Casino, Utility XLU, Retail XRT, Auto, Reg Bank KRE, Bank KBE, Discretionary XLY, Home Const ITB, Restaurant, Airline, Biotech IBB, REITs IYR, Steel
SLX, Oil Service OIH. Groups that underperformed were led by: Crude Oil USO, Gold Miners GDX, Solar TAN, Social Media SOCL, Disk Drive, Silver SLV, Gold
GLD, Computer‐Hardware, Software IGV, Internet FDN. Mixed, confined trade amid lower volume is not too surprising during the holiday period especially
given the recent aggressive run. While this suggests some slowing of momentum, this type of chart action clearly reflects no selling. A minor support is at
2088 prior to the low (2085) with the next near term area of interest at 2081/2080. Initial resistance above the high (2093) is in the 2100/2104 zone.

Stockshakers Market Close update Friday 12-26-2014 The Santa Claus rally of 2014 continues to new record highs!

S&P and Dow close at record levels; Nasdaq above 4,800 for first time since 2000
The S&P 500 set an intraday high of 2,092.70 and the Dow set an intraday high of 18,103.45.

S&P 500 2,088.77 +6.89 +0.33%
DOW 30 18,053.71 +23.50 +0.13%
NASDAQ 4,806.86 +33.39 +0.70%
Russell 2000 1,215.21 +8.42 +0.70%

Holiday sales were strong. According to MasterCard Advisors SpendingPulse, retail sales during Black Friday through Christmas Eve were up 5.5% this year.

GoPro shares surged 4%. Amazon.com highlighted the GoPro HERO4 SILVER, headstrap mount and clip, and accessories kit among its list of holiday best sellers. AMBA also rose as part of the symbiotic relationship

the Russell was on the rise today, the small cap index broke up above previous resistance at 1212 to finish the session in record territory at 1,215.21 after adding 8.42 points or 0.70%.

Stockshakers Market Close update Wednesday 12-24-2014 A fresh new Record High For the Dow

Dow closes at new record; S&P 500 ends flat
The Ticks at the close were indicating some selling into the holiday but the bears did not have enough strength to overthrow the bulls and derail another record close for the Dow.

US Equities (Stock Markets) are closed Thursday in observation of the Christmas holiday in the USA.

S&P 500 2,081.88 -0.29 -0.01%
DOW 30 18,030.21 +6.04 +0.03%
NASDAQ 4,773.47 +8.05 +0.17%
Russell 2000 1,206.78 +4.34 +0.36%

Merry Christmas and Happy Holidays from all of us at Stockshakers.com

 

 

Stockshakers Market Close update Tuesday 12-23-2014 New Record Highs For S&P & the Dow

Dow ends above 18,000 for first time as U.S. stocks notch new records

S&P 500 2,082.17 +3.63 +0.17%
DOW 30 18,024.17 +64.73 +0.36%
NASDAQ 4,765.42 -16.00 -0.33%
Russell 2000 1,202.44 +0.58 +0.05%
Bulls had been thinking that Dow 18,000 might be a great holiday gift for themselves this year, and that is exactly what happened today as the Dow cleared 18K for the first time. The S&P 500 is also higher this
morning, and like the Dow, it also has hit a new all-time high A solidly bullish start for the major averages on Tuesday with the S&P/Dow establishing another round of new all time highs. The strong underlying momentum, favorable seasonals and the highest GDP since 2003 were cited for the opening run. The Nasdaq Comp opened firmly higher as well but it paused between its multi-year close/intraday highs from late Nov (4791/4810, session high 4798) and began to weaken with an aggressive decline in Biotech, Health and Pharma weighing. The divergent action persisted throughout the day with S&P/Dow chopping in the upper end of their ranges while Nasdaq remained in the red. Some minor final hour slippage did develop but the S&P/Dow held their positive bias to extend win steaks (five days) and set new new close highs. Gains remained broad based with the top performing sectors led by: Crude Oil USO, Casino, Steel SLX, Insurance KIE, Bank KBE, Reg Bank KRE, Auto, Broker IAI, Materials XLB, Solar TAN, Transports IYT, Software IGV. The weakest groups on a percentage basis included: Biotech IBB, Health XLV, Pharma PPH, Gold Miners GDX, Natural GAs UNG, Airline, Semi XSD, Social Media SOCL, Copper JJC, REITs IYR. The trading pace/volume and intraday price swings have narrowed with divergent trade taking hold Tuesday suggesting some slowing of momentum as the holiday approaches. For the very short term will be initially monitoring a minor barrier in the 2079/2078 area for a read with a support of interest below at 2072/2070. Resistance above the session high (2086) is at a technical target zone at 2090/2092.

Wednesday Christmas Eve Day — December 24, 2014 Markets are open for a Half day equities markets close at 1PM EST and the Bond markets close at 2PM EST.
Happy Holidays for all of us at www.stockshakers.com.

Stockshakers Market Close update Monday 12-22-2014 Santa Claus Rally 2014 in the U.S. stock market continues

Dow, S&P 500 finish at all-time closing highs
The Dow Jones industrial average and the S&P 500 both hit record territory as the market’s Santa Claus rally continues
S&P finishes at 50th record high this year; Dow ends up 155 points
S&P 500 2,078.54 +7.89 +0.38%
DOW 30 17,959.44 +154.64 +0.87%
NASDAQ 4,781.42 +16.04 +0.34%
Russell 2000 1,201.86 +5.90 +0.49%

The rally effort last week  following the pronouncement from the FOMC that it will be patient in raising the fed funds rate..is not over yet.
The stock market on Monday continued to rise with each of the major indices adding to their gains. Both the Dow Jones Industrial Average and S&P 500 closed at new all-time highs.

Throughout Monday’s trading, there was a clear preference for owning Dow Jones Industrial Average stocks. Our sense of things is that participants were favoring these names for their liquidity, which is optimal in the event positions need
to be exited quickly, and for their appeal as conservative options to participate in further upside should the year-end rally continue.

Either way, it was a good day for the price-weighted average, which saw 27 of its 30 components advance. IBM (IBM 161.45, +2.94) was the biggest price mover while Intel (INTC 37.22, +0.85), up 2.3%, was the biggest percentage
gainer.

Those stocks helped lead the information technology sector (+1.1%), which was the best-performing sector in the S&P 500. Its gains helped offset weakness in the health care (-1.2%) and energy (-1.0%) sectors.

Health care was weak due in large part to a large loss in Gilead Sciences (GILD 92.90, -15.55), which followed reports that pharmacy benefits manager Express Scripts (ESRX 82.34, +1.37) is going to displace Gilead’s hepatitis C drug,
Sovaldi, in favor of a less expensive offering from AbbVie (ABBV 66.96, -0.75), Viekira Pak, which recently won FDA approval and will become the exclusive option in the formulary for patients with genotype 1 hepatitis C.

Essentially, the decision by Express Scripts created some angst about potential pricing pressures for the drug makers. Not all drug makers were weak on Monday, yet Merck (MRK 58.95, -0.63) was one of Dow’s three losers, which also
included Chevron (CVX 112.05, -0.88), and ExxonMobil (XOM 93.31, -0.33).

The energy sector traded in negative territory throughout the day, pressured by a renewed drop in oil and natural gas prices. WTI crude futures dipped 3.3% to $55.27/bbl while natural gas futures, hit with forecasts for warmer winter
temperatures ahead in the northeast, plunged 8.2% to $3.18/btu.

Commodities in general were weak on Monday with a stronger dollar pressuring some of the action. To that end, gold futures slipped 2.0% to $1172.60/troy ounce; meanwhile, copper futures fell 0.4% to $2.87/lb.

There didn’t appear to be any abject concerns in the stock market about the weakness in commodity prices signaling economic trouble ahead. Granted the materials sector (0.05%) underperformed, yet the industrials (+0.9%), consumer
discretionary (+0.9%), and financial (+0.6%) sectors outperformed.

Interestingly, the 10-yr Treasury note battled back from modest losses and went out at its highs for the day as stocks were advancing into the close to finish at their best levels of the session. The highs weren’t that high for the Treasury
market. The 10-yr note was unchanged at 2.165%, yet its steady state didn’t necessarily reflect the same amount of confidence in the outlook that the stock market’s continued gains did.

A weaker-than-expected Existing Home Sales report for November, which showed a 6.1% decline in homes sold from October to an annualized rate of 4.93 million units (Briefing.com consensus 5.20 mln), lent a measure of support to the
Treasury market.

Tuesday will feature an extensive lineup of economic releases that includes the Durable Orders, Third Estimate for Q3 GDP, Personal Income and Spending, University of Michigan Consumer Sentiment, and New Home Sales reports.

Volume was on the lighter side of recent averages as 772 million shares traded at the NYSE.
Nasdaq Composite +14.5% YTD
S&P 500 +12.5% YTD
Dow Jones Industrial Average +8.3%
Russell 2000 +3.1% YTD

Stockshakers Market Close update Friday 12-19-2014 U.S. OIL SURGED Today!

U.S. stocks finish with weekly gains of more than 3%

S&P 500 2,070.65 +9.42 +0.46%
DOW 30 17,804.80 +26.65 +0.15%
NASDAQ 4,765.38 +16.98 +0.36%
Russell 2000 1,195.96 +3.80 +0.32%

The Number Of US Oil Rigs In Use Fell Again

The number of US oil and gas rigs in operation dropped again last week.

The latest active rig count data from oil driller Baker Hughes showed that total rigs in operation fell by 18 last week to 1,875.

The prior week, the rig count fell by 27 — to 1,893 from 1,920 the prior week — which was the biggest weekly drop in almost two years.

S&P 500 is up 12% for the year, Dow is up 7.4%

Stockshakers Market Close update Thursday 12-18-2014 U.S. Nice rally Today!

Dow ends up 420 points, biggest gain since November 2011
S&P 500 jumps 2.4% as stocks soar on good feelings about the Fed’s Wednesday announcement that rate hikes aren’t on the immediate horizon carry over into a second day.

S&P 500 2,061.23 +48.34 +2.40%
DOW 30 17,778.15 +421.28 +2.43%
NASDAQ 4,748.40 +104.09 +2.24%
Russell 2000 1,192.16 +17.32 +1.47%
Stockshakers are long APPLE Call options AAPL.

Stockshakers Market Close update Wednesday 12-17-2014 U.S. Fed to the Rescue again!

Dow ends up 288 points as stocks notch best day this year

S&P 500 2,012.87 +40.13 +2.03%
DOW 30 17,357.06 +288.19 +1.69%
NASDAQ 4,644.31 +96.48 +2.12%
Russell 2000 1,174.79 +35.42 +3.11%

Stockshakers Market Close update Tuesday 12-16-2014 Russian ruble suffers steepest drop in 16 years…in Rubble?

Dow closes down 110 points at session’s low
It was a wild day in the market on Tuesday as the Russian ruble crumbled and stocks had a wild day after opening lower, surging
higher, and closing at the lows of the day.
Volatility closed up today over 14% to 23.36
The ruble is the world’s worst performing currency in 2014,more so than the Ukrainian hryvnia, which had been the world’s laggard.
Other currency laggards of 2014 include the Argentine peso, the Norwegian krone, and the Chilean peso.
Last night, the Russian central bank raised interest rates to 17% from 10.5% to stem the decline in the value of the ruble. On Tuesday,
the ruble declined to as low as 79 against the US dollar, 2 days in a row of 10% declines or more in the ruble’s value.

S&P 500 1,972.74 -16.89 -0.85%
DOW 30 17,068.87 -111.97 -0.65%
NASDAQ 4,547.83 -57.33 -1.24%
Russell 2000 1,139.37 -0.93 -0.08%
Stockshakers are cautiously long here  with a focus on bounces above previous resistance points. Too many rally’s are being sold off so respect the resistance and watch for the breaks as entry triggers.