Market Direction:BULLISH alert
issued 2/15/2018
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Stock on the Radar (STAR)© is a service we provide. When there is a new stock recommendations for the week it is typically made available Sunday evening, so investors can prepare to take a position when the market opens Monday for trading. Our competitive advantage is great value to give you greater success as beginning options traders.
Stock on the Radar (STAR)© is a service we provide. When there is a new stock recommendations for the week it is typically made available Sunday evening, so investors can prepare to take a position when the market opens Monday for trading. Our competitive advantage is great value to give you greater success as beginning options traders.
To view this trade for 'FREE' just click the link below and register to the website.
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Last Week Review: Both domestic and international stocks fell on the week as trade tensions continued to weigh on investor sentiment. Worries about the possible impacts of a trade war reflect the importance of trade in the global economy, but they're likely to be temporary.
On Friday, President Trump reportedly told White House officials that he wants the U.S. to withdraw from the World Trade Organization (WTO). While this is not the first time he has issued such a threat, such a move would require Congressional approval, which is unlikely to happen.
The ongoing trade/tariff dispute between the U.S. and China has hurt Chinese markets more than domestic markets. While the SPX is currently -1.2% YTD, the Shanghai Composite is -14.0%; its lowest level since March 2016.
How the market finished last week, the S&P 500 down 1.3%, the Nasdaq down 2.4%, and the Dow down 1.3%.
This Week: Q2 earnings season begins in about 2 weeks. According to Factset, Q2 earnings growth estimates versus Q2-2017 are expected to be +19% (versus +24% actual in Q1) and revenue growth is expected to be +9% (versus +8% actual in Q1). While this is a fairly high bar, if these estimates are on target and the beat rate is anywhere close, Q2 will likely be at least as good at Q1 and possibly even a little better.
Low volume holiday weeks are often a recipe for high volatility, especially when anxiety is already elevated and important economic data is due. It might be a good week for a vacation in more ways than one.
Given the Independence Day holiday on Wednesday, a lot of people will likely be on vacation next week (myself included) so it could a low volume week overall. However, it is also the week we get the reports on the all-important monthly employment situation, so that could cause some volatility; which can sometimes be magnified when volumes are lower.
There is still no resolutions in sight on any of the tariff war issues, and VIX futures are showing unease a warnings sign potentially for the stock market.
Economic Calendar: ISM Mfg Index (7/2), Factory Orders (7/3), ISM Svcs Index (7/5), FOMC Minutes (7/5), International Trade (7/6), Employment Report (7/6)
Some of the major earnings announcements on deck: MLHR, AYI.
$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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