Market Direction: BULLISH alert
issued 9/21/2017
$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend. Cha-ching.
Stock
on the Radar (STAR)© was launched 6/19/2017 Sunday evening. When there
is a new stock recommendations for the week it is typically made
available late Sunday, so investors can prepare to take a position when
the market opens Monday for trading.
Last Week Review: Stocks started the year on a positive note, with the major U.S. market indexes reaching record highs. The Dow Jones Industrial Average breached 25,000 for the first time, and the S&P 500 recorded its best weekly performance in over a year. International markets also participated in the rally, adding on to their strong 2017 performance. From an economic perspective, job gains in December (148,000) were below expectations, but the three-month average still exceeds 200,000, and the unemployment rate (4.1%) remains at a 17-year low, reflecting the ongoing health of the labor market. This, along with two consecutive quarters of GDP growth above 3%, provides a solid fundamental backdrop to support the bull market.
In Brexit news this week, while the EU and Britain agreed to move on to post-Brexit trade talks, many commentators said no future solution will unify supporters and detractors alike. Former Prime Minister Tony Blair said any Brexit outcome would “leave Britain poorer and weaker for generations to come”.
Last Week Review: Stocks started the year on a positive note, with the major U.S. market indexes reaching record highs. The Dow Jones Industrial Average breached 25,000 for the first time, and the S&P 500 recorded its best weekly performance in over a year. International markets also participated in the rally, adding on to their strong 2017 performance. From an economic perspective, job gains in December (148,000) were below expectations, but the three-month average still exceeds 200,000, and the unemployment rate (4.1%) remains at a 17-year low, reflecting the ongoing health of the labor market. This, along with two consecutive quarters of GDP growth above 3%, provides a solid fundamental backdrop to support the bull market.
In Brexit news this week, while the EU and Britain agreed to move on to post-Brexit trade talks, many commentators said no future solution will unify supporters and detractors alike. Former Prime Minister Tony Blair said any Brexit outcome would “leave Britain poorer and weaker for generations to come”.
Concerns
arose this week that if President Trump does not soon renew a waiver on
banking, oil and shipping sanctions on Iran, it might seek to increase its
alliance with China, which has already made moves to increase its influence
over world energy markets.
How
the market finished last week, the S&P 500 up 2.6%, the Nasdaq up 3.4%, and
the Dow up 2.3%.
This Week: While the US and Chinese
consumer price index (CPI) will be important for markets, it is the slew of UK
trading updates and the beginning of US earnings season that will dominate the
newsflow this week.
UK retailers have already been in focus with Next and Debenhams, but with AO World, M&S and the supermarkets releasing trading statements, the spotlight remains on the habits of the UK consumer. US banks take their traditional place at the head of reporting season, with the recent highs in US markets ensuring that the focus remains squarely on the health of corporate USA.
UK retailers have already been in focus with Next and Debenhams, but with AO World, M&S and the supermarkets releasing trading statements, the spotlight remains on the habits of the UK consumer. US banks take their traditional place at the head of reporting season, with the recent highs in US markets ensuring that the focus remains squarely on the health of corporate USA.
Economic
Calendar: JOLTS (1/9), Import and Export Prices (1/10), PPI-FD (1/11), Consumer
Price Index (1/12), Retail Sales (1/12)
Some of the major earnings announcements on deck: WFC,
KBH, DAL, JPM, BLK.
$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend. Cha-ching.
Related Link: http://www.stockmarket-direction.com/
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