Investment & Finance Week Ending Nov. 16, 2014 --NOTHING HAPPENED!!Posted on 11/16/2014 10:11:33 AM PST by expat_panama
Investment & Finance Week Ending Nov. 16, 2014 --NOTHING HAPPENED!!
Investor's Business Daily said it well with their headline: "Stocks Wrap Up Do-Nothing Week With More Small Gains". For both S&P and NASDAQ this week's been tepid gains w/ falling volume Key question is whether we're looking at a top or not, and that's where analysts cite "quite volume" and "the di
stribution count remains low" (re "How To Tell An Uptrend In Stocks Is All But Over"). On the other hand (as they used to tell Truman) if we look at where we were a couple weeks into the last two tops (June 20 and Sept. 5), we see this very same low volume and distribution count.
[Note to myself; time to pick positions I need close sooner & not later...]
Just the same on the other hand (what, I already said that?) this time we've also got the Washington cliffhanger. I mean, rumors aside to date there's been no big concessions, sneak thru's, cave-in's or blow-outs. iow we've just been though a soap-opera-like plot where they drag out of all the unresolved issues that we thought were hitting the fan last week.
It's almost like Congress is waiting to pass everything 3AM Christmas morning or something. Again. Whatever they do it ought to affect not only stocks, interest rates, real estate, and metals/commodities too (imho). The reasoning being that they've been tracking flat for a bit too. Fer instance, take my gold & silver. (Please.)* The jump they had for the past few days (back up over $1150 and $16 respectively) in all honesty is looking much more like a 'pause-while-plunging' then any 'serious-rebound-building'.
On the other hand things are not always what they appear to be.
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This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here and tomorrow morning we'll go on with our--
Open invitation continues always for idea-input for the thread, this being a joint effort works well. Keywords: financial, WallStreet, stockmarket, economy. |
*rim shot
Home Depot earnings could signal a housing slowdown Press Herald - 7 hours ago 'Whenever there was a question in the community that no one could answer, the saying was, "Go ask Miss Alice." ' More Headlines.
http://breakingfinancenews.com/earnings/lowes-reports-strong-third-quarter-earnings/4486/
I do shop Lowe's over HD in my life. Drive by two HD’s to get there.
Yesterday's stocks slipped slightly in steady but below average volume while gold works back up to $1,200 and silver's perched above $16. Today's futures are nervous for both (indexes -0.35% metals -0.44%) because of this morning's document dump--
Initial Claims
Continuing Claims
CPI
Core CPI
Existing Home Sales
Philadelphia Fed
Leading Indicators
Natural Gas Inventories
--and global markets:
Asia shares hurt by soft China data, yen slides Asian stocks mostly fell on Thursday as factory output data suggesting that China's economy was slowing dampened investor sentiment, while the yen slid to multi-year lows against the dollar and euro. The ...
It sure seems that way, but I have to fight my sour feelings on this. Last week's Retail Sales came in as expected +0.3% after last months -0.03%. We'll know more w/ how next week's personal spending and consumer confidence comes out.
Zowie --looking like a lovely way to set up the weekend! After yesterday's recovered losses into gains w/ mixed volume (NASDAQ strong), today's futures traders have stocks +0.67% and metals +1.07%! No major reports scheduled; looking (imho) like a 'holiday feel-good' session.
Related thread: US stock futures soar after China’s surprise rate cut http://www.freerepublic.com/focus/f-news/3229480/posts ..
I was wondering why everything was up so sharply this morning.
Is there a housing slowdown or is it still MSA by MSA? Is only HD losing earnings, their stores stink, or are other competitors seeing declines as well?
some say it’s China, my guess was the holidays, for whatever reason we’re seeing a LOT of pressure on the upside...
Apparently, the American Stock Markets are happy with Herr Obozo’s “all illegals in free!”. Below are the real time stats at 7:27 am PST:
S&P 500+0.83% Dow+0.84% Nasdaq+0.77%
Ah, that's good too. Here's the list so far for the market surge:
Much more about China than amnesty...
“seeing a LOT of pressure on the upside...”
Appears we sprung a leak. ;^)
yeah, everyone’s now just hoping to at least break even...
Politicians without borders.
Google break-up plan emerges from Brussels
http://www.ft.com/cms/s/0/617568ea-71a1-11e4-9048-00144feabdc0.html#axzz3JnQohAKJ
Robotics is the wave of the future
Deregulation at heart of Japan’s new robotics revolution
http://news.yahoo.com/deregulation-heart-japans-robotics-revolution-212046238—sector.html
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