Dashboard – October 6 – 10. 2014

 

 

 

 

 

Selections

MONDAY:  Unbelievable week for hot air enthusiasts. 12 speeches by FOMC members, one by Treasury Secretary Jack Lew and One by ECB Presient Mario Draghi, in addition to Wednesday’s FOMC Statement. Other than that, nothing else really of interest.

TUESDAY:     A  mildly negative start to the day looks to be the logical place to start after yesterday’s fade and before tomorrow’s FOMC.

WEDNESDAY:  Coming off a 272 point loss makes today’s FOMC Statement even more important as the slightest change in wording could tip negative sentiment into what many believe is the “blow off” selling that is necessary to get the market back on its higher track.

THURSDAY:    Down 272 one day, up 274 the next, but for the past 3 weeks that’s not all that unusual. Today shows no follow through to begin the morning and no expected catalysts, but since when are those important?

FRIDAY:  Not much relief in sight to end the week as market is now 4% below its September highs and up less than 5% for the year.

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – September 15 – 19, 2014

 

 

 

 

 

Selections

MONDAY:  A big week ahead appears to have a somewhat negative bias to begin the week, but anything can be in store once the news starts rolling. After last week’s disappointing results there isn’t too much reason to buck thae trend

TUESDAY:     Another day that appears to have no reason for much of anything happening, but that may all change tomorrow afternoon. Hard to imagine anything moving markets strongly forward before the FOMC, as it is for the rest of the week.

WEDNESDAY:  Themarket is taking it easy at the opening, as all eyes focused on 2 PM FOMC statement and then Scotland independence vote tomorrow.

THURSDAY:    The first hurdle for the week has been conquered and all that remains are Scotland’s independence referendum and getting the Alibaba IPO off smoothly. Hopefully, both bring some additional strength to the markets.

FRIDAY:  FOMC? Check. Scotland? Check? Alibaba? Soon and then this week comes to an end, perhaps with nothing having changed, at all.

 



 

                                                                                                                                           

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Weekly Summary

  

Dashboard – September 8 -12, 2014

 

 

 

 

 

Selections

MONDAY:  The week looks to be getting off to a slow start after reaching another new record closing high last week. There’s very little scheduled news for this week to push things along, but the market has liked the vacuum lately.

TUESDAY:     Today everyone is waiting for news from Apple. Fortunately, or unfortunately, the days when Apple completely ruled the market, are gone, so today’s news of product releases is not likely to have a broad impact. but will make for plenty of news.

WEDNESDAY:  A little bit of an Apple letdown yesterday leaves nothing else for the week to act as a propellant. After yesterday’s weakness and the second consecutive such day it wobn’t take long for whispers of correction to start again, unless today’s early morning indication can have legs.

THURSDAY:    Another weak day ahead as the pre-open futures are expressing some convicttion that has been missing for quite a while

FRIDAY:  Despite an omenous pre-opening futures yesterday the market acquitted itself nicely and didn’t leave a big hole needing to be conquered. Today may be a quiet day, but I’d certainly welcome some upside bias.

 



 

                                                                                                                                           

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Dashboard – September 1 – 5, 2014

 

 

 

 

 

Selections

MONDAY:  Happy Labor Day

TUESDAY:     Quiet start to greet everyone back from summer vacation and equally quiet on geo-political front. Lots of Federal Reserve Governor speakers this week, but other than Employment Situation Report on Friday, not much planned.

WEDNESDAY:  No real news today, but tomorrow is the delayed ADP Report in advance of Friday’s Employment Situation Report, but no one really cares, as focus is on tomorrow’s ECB statement which may serve to pump up European stock markets, but maybe at the expense of our own

THURSDAY:    ADP and ECB today and the pre-opening market seems to be expecting positive news, as news of a 500 billion Euro quantiative easing is leaked

FRIDAY:  Employment Situation Report today and the last two of 5 Federal Rezerve Governors to speak since yesterday’s closing bell.

 



 

                                                                                                                                           

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Dashboard – August 25 – 29, 2014

 

 

 

 

 

Selections

MONDAY:  Another relatively quiet week on the economic news front and coming off a quiet week on the geo-political front, both would seem to make for a positive beginning to the week’s trading.

TUESDAY:     Yesterday lived up to its potential and today has no apparent roadblocks to a continuing climb higher, as a technician might agree, as the pattern of higher highs and higher lows continues uninterrupted.

WEDNESDAY:  S&P 500 hits 2000 and starts to get people’s interest, as talk increases of money coming off sidelines. Who made that observation? No one other than chairman of S&P 500 Index, himself. Markets look to be quiet to start the day as these round numbers always make people circumspect or ebullient.

THURSDAY:    With yesterday’s market in suspended animation it was still enough to set another new record on the S&P 500 as the market awaits GDP and Jpbless Claims to end the summer.

FRIDAY:  Likely to be one of the slowest trading days of the year, but despite a seemingly flat open, any news can end up being big news, especially if geo-political and facing a long holiday weekend ahead

 



 

                                                                                                                                           

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 “SNEAK PEEK AT NEXT WEEK” APPEARS ON FRIDAYS

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Weekly Summary