Dashboard – May 19 – 23, 2014

 

 

 

 

 

Selections

MONDAY:   No apparant follow through from Friday’s last two hours of trading and what could have been some Merger Monday excitement fizzling before the market’s open.

TUESDAY:     The Tuesday pattern of moving higher isn’t getting much support from the pre-opening futures which are almost perfectly flat despite some early morning earnings misses

WEDNESDAY:  FOMC statement released this afternoon, but not too likely to have any substantive changes in tone or intent. As always, what the market does in response is anyone’s guess.

THURSDAY:    Fascinating day yesterday, as the market dropped its usual hesitancy before the FOMC release and went much higher with ultimately little response to the report once released. Today’s catalysts? Jobless Claims? Existing Home Sales? Not too likely.

FRIDAY:  Hopefully this morning’s futures will have some predictive capacity and the market ends the week on either a quiet or higher nite for a change

 

 



                                                                                                                                           

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Weekly Summary 

  

Dashboard – May 5 – 9, 2014

 

 

 

 

 

Selections

MONDAY:   A slow start looks to be the direction to start the week. Sometimes it’s good to have cash, so Friday’s assignments may have been timely.

TUESDAY:     Yesterday’s comeback doesn’t appear to have any  follow-through this morning as there’s little on the economic front to really move the markets for the rest of the week.

WEDNESDAY:  Hopefully something better is in store today, as the market was really brutal yesterday and fairly indiscriminate in who was punished along the way, especially if earnings were light

THURSDAY:    While yesterday was a nice bounceback, it was another day in which the NASDAQ significantly under-performed and continued to resist its own bounceback.

FRIDAY:  Bring this week to an end. Absolutely nothing redeeming about it and today looks to be no different.

 

 



                                                                                                                                           

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Weekly Summary 

  

Dashboard – April 28 – May 2, 2014

 

 

 

 

 

MONDAY:   The week lloks to start off with a push from talk of deals and mergers and hopefully will have some momentum going into mid-week’s FOMC announcement

TUESDAY:     It’s Tuesday, so that means that the market is likely headed higher. Coming during an Employment Situation Reprt week what more guarantee can you need?

WEDNESDAY:  Bad GDP, mediocre earnings may yet be discussed at today’s final day of FOMC meeting, but likely no impact and announcement not likely to express much change in policy. The reaction? Who knows?

THURSDAY:    Another fan fareless closing record and now only the Employment Situation Report left to go to close the week with hopefully continued strength

FRIDAY:  Employment Situation Report, finally. But moe importantly, whay side of the ned did traders get out of today as probale expected numbers are delivered?

 

 



                                                                                                                                           

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Weekly Summary 

  

Dashboard – April 21 – 25, 2014

 

 

 

 

 

MONDAY:   Not much indication of direction prior to the start of the week’s trading and not much expected economic news for the week, othe than earnings. After the past 2 weeks maybe a quiet one is in store.

TUESDAY:     A quiet follow up to a quiet weekly opening looks to be how this day gets started, although Tuesdays again have a strong trend of going higher as was the case last year.

WEDNESDAY:  It looks like another quiet day, although yesterday had the same early feel. Earnings rule the day, with little to suggest big movement in markets, but individual stocks are having big earnings related moves.

THURSDAY:    It’s Apple’s day in the sun today as it settles into middle age.

FRIDAY:  Following yesterday’s statistical oddity of an absolutely unchanged DJIA today looks to be a weak close to end the week, as earnings season has been harsh on those not meeting already lowered expectations and guiding weakly into the next quarter

 

 



                                                                                                                                           

 

 

 





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Dashboard – April 7 – 11, 2014

 

 

 

 

 

MONDAY:   The only two questions are whether there will be follow through to Friday or not and when to start putting recycled funds at risk. Not too much need to rush in this morning as the big money decides which way to start off the week.

TUESDAY:     Looks like a quiet day ahead. Can that be possible?

WEDNESDAY:  A flat pre-opening in advance of an unusually unheralded FOMC minutes report. Expecting little activity until the afternoon.

THURSDAY:    Maybe today is a relative day of rest following yesterday’s post-FOMC surge and before tomorrow’s expiration. Simply hoping to maintain chances of rollovers and assignments to end the week.

FRIDAY:  Strap on. JP Mporgan and Wells Fargo earnings seem to have little impact this morning in the pre-open trading. Hopefully saner minds prevail soon

 

 



                                                                                                                                           

 

 

 





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Dashboard – March 31 – April 4, 2014

 

 

 

 

 

MONDAY:   While High Frequency Trading is a likely topic to start the week and the Employmetn Situation Report likely to end the week, there is little in-between. The morning’s trading looks to be ready to get off to a benign, but positive start. We’ll see if that can last beyond an hour or so.

TUESDAY:     Looking like another postive start to the morning. It would be nice to have another unexpected catalyst like yesterday and just reap the benefits.

WEDNESDAY:  The ADP numbers are in and it appears that using the “weather” excuse is now over. The numbers were “meh” but expectations for Friday’s Employment Situation Report are high. Does that lead to a rare market decline on areport day on disappointment?

THURSDAY:    The ECB has its moment in the sun this morning, but does anyone really care? Although Draghi has helped move our markets in the past with other dovish comments, as today’s.

FRIDAY:  Unless today totally unravels, it looks like another in a long chain of positive weeks in which the Employment Situation Report is released, as well as another positive release day

 

 



                                                                                                                                           

 

 

 





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Dashboard – March 24 – 28, 2014

 

 

 

 

 

MONDAY:   Another week with a seemingly quiet start, but which may belie anything but a quiet week. Enhanced cash reserves meet opportunity? Maybe, but  only in moderation.

TUESDAY:     This market doesn’t seem to want to give in. Futures strength in the pre-open is the tone for early trading with no disappointments seen in the immediate future.

WEDNESDAY:  Yet another day that appears to begin with an upward bias during a week with no obvious headwinds other than the unexpected

THURSDAY:    More indecision seems to be on hand to start the day, but as yesterday showed, the pre-open knows nothing of what may be to come, although anything would be a surprise this week.

FRIDAY:  Another quiet start being indicated by the futures to bring an end to a confused week

 

 



                                                                                                                                           

 

 

 





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Dashboard – March 17 – 21, 2014

 

 

 

 

 

MONDAY:   .Some cautious optimism to start the week but news from Russia could create spike in either direction as market itself is devoid of its own news

TUESDAY:     After a nice gain yesterday, the pre-open turns around early losses and heads higher on live streaming of Putin address to Russian Parliament, in proof that words trump actions

WEDNESDAY:  With Europe looking to be quiet today, all eyes are on the FOMC minutes release and more importantly Janet Yellen’s first post-FOMC release press conference. Niether is likely to make news or pack surprises.

THURSDAY:    A slip of the tongue spoiled yesterdy’s party but it looks as if there’s no real hard feelings the day after, just some head scratching to help wind down the week.

FRIDAY:  Looking to be a sedate way to end the week but monthly expiration days can have their surprises especially near the close.

 

 



                                                                                                                                           

 

 

 





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Dashboard – March 10 -14, 2014

 

 

 

 

 

MONDAY:   Little indication of any developing trend to begin the week although a hint of weakness may get us started. As often the case, opportunity or trap are the competing themes.

TUESDAY:     Another directionless day appears to be ahead awaiting any kind of catalyst or excuse

WEDNESDAY:  Another listless opening with hopefully a better outcome than the past two days. Little on the ecomomic reports horizon for the rest of the week to suggest a course change

THURSDAY:    Another non-committal kind of morning setting up in a news and event vacuum

FRIDAY:  Some weeks are happier seen gone than others. The samll glint of optimism erased eraly in the pre-open, but at least no major news overnight to serve as an early morning surprise to end the week.

 

 



                                                                                                                                           

 

 

 





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Dashboad – March 3 – 7, 2014

 

 

 

 

 

MONDAY:   With earnings over, it’s time for events to take over, but markets never like unexpected events. Markets pointing toward staying with caution this morning.

TUESDAY:     Amazingly market shows pre-open complete rebound on words alone, not waiting for any confirmation on the baisis of actions. That’s a formula for disappointment with anything less than the most reliable of parties.

WEDNESDAY:  All’s quiet on Eastern front as Crimea retreats as story and ADP jobs takes center stage to no fanfare while awaiting the real thing on Friday

THURSDAY:    Three Federal Reserve Governors speak today, one day ahead of Employment Situation Report. Otherwise all is quiet here and around the world. Likely another quiet day.

FRIDAY:  This time around the Employment numbers are good and so is the initial reaction. Pattern seems to be on path to continue in upward direction, regardless of the number

 

 



                                                                                                                                           

 

 

 





 “SNEAK PEEK AT NEXT WEEK” APPEARS ON FRIDAYS

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