One helluva bounce today… Source: StockingNFLX.com SharePlanner Market Compass: You can trash that pullback – SPX just got clear skies from the twits in DC for the time being. Quick Glance at the Market Heat Map and Industries Notables: You did not want to be short any bank today. Oil got a long sought after
Unbelievable the bulls pulled this off today:
Pre-market update: Asian markets traded 0.2% higher. European markets are trading 1.4% higher. US futures are trading 0.9% higher ahead of the market open. Economic reports due out (all times are eastern): Jobless Claims (8:30), Import and Export Prices (8:30), EIA Natural Gas Report (10:30) Technical Outlook (SPX): Huge gap up in play for
Even Netflix is starting to feel the effects of this market… Source: StockingNFLX.com SharePlanner Market Compass: Market in the last month hasn’t strung together two consecutive positive days – good chance we don’t see that tomorrow either. Quick Glance at the Market Heat Map and Industries Notables: Big tech, particularly HPQ carried the day for that
The Daily continues to confirm its reading last week of a strong move lower in the markets and is signifying that it is only half-way through with what it intends to pull off. Here’s the Daily SharePlanner Reversal Indicator:
VIX is getting high, but in recent months, it has been bullish for the markets… Source: StockingVIX.com SharePlanner Market Compass: Wouldn’t be surprised if we bounced with the elevated VIX, but for now we are in official pullback mode. Quick Glance at the Market Heat Map and Industries Notables: Bad sign for the markets
Two different stories depending on how you like your charts.. SharePlanner Market Compass: Need to see a clean break of the trend-line otherwise I’ll rely on past precedent for a bounce here. Quick Glance at the Market Heat Map and Industries Notables: Wow – AAPL, T and VZ were rocking it hard today. Banks and
Pre-market update: Asian markets traded 0.6% lower. European markets are trading 0.2% higher. US futures are trading 0.2% higher ahead of the market open. Economic reports due out (all times are eastern): Employment Situation (8:30) – not happening due to “government shutdown”. Technical Outlook (SPX): Technical victory for the bulls yesterday in that they managed
The Dip Buyers are still out there.. Source: Stocking FB SharePlanner Market Compass: I think when you are down 9 times in the last 11 sessions – you definitely look for a bounce. Quick Glance at the Market Heat Map and Industries Notables: Utilities finally saw some sellers. Banks were a mess, and sow was every
How you can manage the Facebook (FB)trade.. Source: Stocking FB SharePlanner Market Compass: I’m cautiously leaving this bounce rating on – not sure how much is left in the tank at this point. Quick Glance at the Market Heat Map and Industries Notables: Some notable improvement across the board. Technology was solid with the big names