Market Direction:BULLISH alert
issued 2/15/2018
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.
To view this trade for 'FREE' just click the link below and register to the website.
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.
To view this trade for 'FREE' just click the link below and register to the website.
Click here to register!
Last
Week Review: U.S. stocks finished modestly higher on the week as volatility persisted: in three of the four trading days, the S&P 500 moved by more than 0.5%, including a 1.6% rally on Friday. Rising interest rates and other economic policy uncertainties are likely to result in more episodes of market volatility, including big stock market moves both up and down. Improving fundamentals, including economic and earnings growth, can support rising stock prices over time, both here and in the rest of the world.
The French Finance Authority said this week that derivatives on cryptocurrencies fall under the authority of the recently enacted MiFID II regulations and will soon face tough new leverage caps, reporting and conduct standards across Europe. Separately, minutes of the January ECB (European Central Bank) meeting showed a slightly more hawkish tone, leading to renewed speculation about when monetary easing may cease.
The French Finance Authority said this week that derivatives on cryptocurrencies fall under the authority of the recently enacted MiFID II regulations and will soon face tough new leverage caps, reporting and conduct standards across Europe. Separately, minutes of the January ECB (European Central Bank) meeting showed a slightly more hawkish tone, leading to renewed speculation about when monetary easing may cease.
After
a week’s long holiday, Chinese equity markets rebounded on higher inflation
expectations and a slightly weaker yuan. Separately, Chinese trade officials
said they would retaliate if tariffs proposed by Commerce Secretary Wilbur
Ross, on steel and aluminum imported to the US, are imposed. The 24% tariff was
originally proposed by American steel companies and President Trump has
indicated he supports it.
How
the market finished last week, the S&P 500 up 0.6%, the Nasdaq up 1.4%, and
the Dow up 0.4%.
This Week: Q4 earnings season is nearly
over now. With 451 companies (90%) of the S&P 500 having reported.
The recovery is going well a lot of volatility. If this recovery doesn’t slow down, at the current trajectory the SPX will be back to record highs by March. If that happens, it could become vulnerable to another correction.
Durable goods orders and the Institute of Supply Management’s (ISMs) purchasing managers index (PMI) figures dominate the US economic outlook, but it will be Jerome Powell’s first appearance in public as Federal Reserve (Fed) chairman that is the key event to watch for.
UK PMIs also begin to appear, in the form of the manufacturing and construction figures. UK earnings also dominate, including the housing sector and insurer Admiral.
Economic Calendar: International Trade in Goods (2/27), GDP (2/28), Personal Income and Outlay (3/1), ISM Mfg Index (3/1)
Some of the major earnings announcements on deck: AZO, PANW, MASI, SQ, TOL.
$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, email us. Share with a friend. Cha-ching.
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