Category: Dashboard

MONDAY:   A quiet day to start the week as retailers begin reporting earnings in just a few days and we may get to find out just what really is going on with consumers

TUESDAY:   It looks like another flat day awaits ahead as all is quiet until those retail earnings begin to start coming through later this week and next

WEDNESDAY: It looks as if we have another flat day in store as there is little to get excited about for anyone, although a pronounced series of  retailer earnings reports could move markets sharply if either disappointing or confirming interest rate increase expectations

THURSDAY:  A very, very flat week may get a little bit of shaking up today, as retailers begin their reports. The morning already shows some more movement than seen in the previous 3 days.

FRIDAY:.  Record highs on all 3 major indexes to begin the day as the week comes to its end. Tough decisions as to what to do next.







MONDAY:   Oil continues weaker to start the week, but the market continues fairly resilient as the week ends with another Employment Situation Report after digesting more, but relatively unimportant earnings

TUESDAY:   After 6 straight losing days, but without much of a cumulative decline, futures are again pointing mildly lower, even a news of a Japanese economic stimulus fails to stimulate

WEDNESDAY:  A decent sized loss yesterday extended the streak to 7 days and it may continue today, although for a change oil is moving higher. The real impetus for anything may still have to wait for Friday’s Employment Situation Report, though

THURSDAY:  Finally a gain, although a small one, came yesterday, as markets followed the rally in oil, just as they followed oil lower the day before. Today looks like it will get off to a flat start unless the Bank of England stuns the world

FRIDAY:.  Employment data may loom larger than normal as we could find out today which of the past 2 month’s worth of statistics was more reflective of reality. In turn, we could get more information on when interest rates may be raised in the event of a strong showing in either direction.







MONDAY:   It will be a relatively quiet week on the economic news front, but there will be lots of earnings to potentially move market’s ahead of next week’s FOMC Statement release

TUESDAY:   Another record closing yesterday, albeit a small increase, but maybe another day of rest today. Slowing down the rate of rise is a good thing, but it would still be good to establish some support levels on the way higher

WEDNESDAY:  After yesterday’s mixed market close, today the march higher may resume as more earnings come in and technology gets off to a good start

THURSDAY:  More records yesterday, but maybe a chance to take a break today. As much as it’s nice to move higher, it would be very nice to develop some levels of support

FRIDAY:.  A flat open looks to be in store as the week comes to its end ahead of next week’s FOMC Staetment release and GDP. No one is talking about a July meeting rate hike, though.







MONDAY:   This morning’s futures are telling us that we are in store for a new all time record high, but we have to have it tested first. Sometimes it takes a couple of those tests to really mark a new high and to go well beyond

TUESDAY:   After breaking the all time record high yesterday, it looks as if the market isn’t interested in testing the old high and instead looks to move even higher. Sometimes when it seems that there are absolutely no good reasons to head in any particular direction, that is the only direction that makes sense.

WEDNESDAY:  More all time record highs, but today may be the time for a healthy break in the action

THURSDAY:  Yesterday’s pause looks like it’s giving way to another step toward a breakout as the monthly option cycle comes to an end tomorrow

FRIDAY:.  Today may be one of those rare quiet days on the last 2 weeks as the monthly cycle comes to an end and the world finds another reason to grieve.







MONDAY:   The futures aren’t indicating any post-“Brexit” bounce and that may make things more interesting as the morning unfolds.

TUESDAY:   This morning may finally have the bounce, which hopefully secures the outcome of the positions opened yesterday and expiring this week.

WEDNESDAY:  Buying into the close on Monday may have been a sign of Tuesday’s bounce and that buying into the close continued on Tuesday, as well. This morning’s futures are again pointing nicely higher, as a result

THURSDAY:  After all of the tumult of the past few days the S&P 500 is down only 2% from where it left off right before the Brexit vote. This morning is trying to whittle down the loss even further

FRIDAY:.  Today may be a much warranted day of rest before a long holiday weekend.







MONDAY:   This morning’s market about face comes as the world suddenly believes that a British exit from the EUropean Union won’t be happening. Markets are strong all over, so at least now we can feel somewhat confident that leaving would be a bad thing, at least for a day or two.

TUESDAY:   Janet Yellen speaks, Stanley Fischer speaks and then Janet Yellen speaks again, all before the “Brexit” vote. Yesterday’s sharp gains were cut in half, but today continues some optimism as futures are again pointing higher ahead of what can only be the anticipation of good news from every corner.

WEDNESDAY:  Another day of Janet Yellen in front of Congress attempting to say nothing, as some concerns again creep in over the “Brexit” vote are keeping a lid on the market again this morning.

THURSDAY:  Ahead of today’s “Brexit” vote, markets are now betting the exit won’t happen and doing do in a big way as the week also nears its end

FRIDAY:.  Well, that was a surprise, although if the same outcome to the Brexit vote had happened just a week ago, it would not have been a surprise. So the gains seen yesterday in the expectation of an outcome that never came seem foolish in hindsight, as do so many things.







MONDAY:   The market looks to begin the week a bit lower amid big losses in ASian markets and more declines in oil. In the meantime, there is an FOMC Statement release on Monday, followed by Yellen’s press conference. Even with no interest rate change it could be a big week.

TUESDAY:   Oil ruled the day yesterday, up and down, but mostly down. This morning, oil is again weak, but stock futures aren’t faring a poorly.

WEDNESDAY:  Today is FOMC Statement release day and futures markets are tentative, but higher heading into that announcement. Six months ago, when the last increase came, was there anyone who thought that would have been the only one to come by now?

THURSDAY:  The moment yesterday’s press conference ended was the moment the selling started as traders probably realized that increased dovish tones meant the economy wasn’t really moving forward as everyone had come to expect. This morning’s futures continues that trend.

FRIDAY:.  Yesterday had a very nice and unexpected recovery. While it doesn’t appear as there’s any left this morning, there’s no reason that there can’t be additional surprises. There is little to move us down and little to move us up, so that’s perfect for such surprises.







MONDAY:   All ears will be on Janet Yellen today as she tries to dance around Friday’s abysmal Employment Situation Report without scaring anyone. The rest of the week has little of interest as the FOMC meets the following week, but it looks like a rate hike will be off the table at that meeting

TUESDAY:   The market seemed to like Yellen’s hedging yesterday and the feeling is continuing as the morning’s futures are unfolding. Undoubtedly, traders still prefer the idea of a gift from the FOMC rather than an economy that’s actually humming along

WEDNESDAY:  Markets gave up some of Monday’s Yellen inspired confusing optimism near the end of the day. This morning’s futures look flat, but standing 1% below all time highs, that’s not a bad place to be for any kind of big move. Guessing the direction is the tricky part, though.

THURSDAY:  With 3 straight days of gains now leaving us less than 1% from S&P 500 highs, today may be a day of rest ahead of next week’s FOMC and no other real news between now and then.

FRIDAY:.  Yesterday ending the 3 day gaining streak and it looks as if that decline may accelerate to close the week, as oil again takes center stage and is sharply lower







MONDAY:   HAPPY MEMORIAL DAY

TUESDAY:   It’s all about the consumer and employment this week as the FOMC meeting nears

WEDNESDAY:  Yesterday wasn’t really as bad as it had looked as the losses were more heavily skewed to the DJIA. This morning’s futures are more evenly distributed, but still heading lower, as we await Friday’s Employment Situation report

THURSDAY:  With the Employment Situation report coming tomorrow, and inevitably going to be called the most important such report since last month’s, futures are trading flat after 2 days of recovery.

FRIDAY:.  Futures are flat as we await what could be a very consequential Employment Situation Report. Pundits are divided over whether we’re at the precipice of a breakout higher or a correction. A flat number could mean neither, for at least a couple of weeks until the FOMC meets.







MONDAY:   Lots of Federal Reserve Governors giving their opinions this week and a GDP report to end the week before a long weekend. What could go wrong unless you’re one of those fearful of interest rate increases?

TUESDAY:   Flat may have been an under-exaggeration for yesterday. This morning may have an upward bias, as we see how much Federal reserve Governor’s hawkish words weigh on markets for the next month

WEDNESDAY:  Strong New Home Sales came as a pleasant surprise and moved the market another 1% higher, as maybe investors are getting more comfortable with the prospects of an interest rate increase in the next few weeks. For now, at least.

THURSDAY: Two straight days with big gains and it would seem that concern about a rate increase was now behind us. We did have the same thing happen just before 2015’s rate hike and then an almost immediate sustained sell off after the fact. But for now, I’m enjoying the moment.

FRIDAY:.  Today’s GDP may give some insight into what the FOMC may decide in just a few weeks and may give the market something to think about over a long weekend ahead