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B-wave rally to SPX 3,011-3,040?


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#11 dTraderB

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Posted 09 April 2019 - 07:09 AM

The BOND rally continues???

 

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UST 10yr Yield down to 2.51% this morning with immediate-term downside to 2.35%

2:29 AM - 9 Apr 2019


#12 dTraderB

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Posted 09 April 2019 - 07:10 AM

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Assuming the number and magnitude of positive EPS surprises are at average levels this earnings season, $SPX will still likely report a slight (Y/Y) decline in earnings in Q1. http://ow.ly/5JmR50p85o8 

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1:01 PM - 8 Apr 2019
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Assuming the number and magnitude of positive EPS surprises are at average levels this earnings season, $SPX will still likely report a slight (Y/Y) decline in earnings in Q1. http://ow.ly/5JmR50p85o8 

D3p_TwUWwAAVyW2.png
1:01 PM - 8 Apr 2019


#13 dTraderB

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Posted 09 April 2019 - 07:13 AM

Lance hasn't been too sanguine about the markets in recent times:

 

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The S&P 500 even after the recent correction is still trading at excessive levels relative to real corporate profits. Historically, this has not ended well. $SPY https://realinvestmentadvice.com/fundamentally-speaking-earnings-growth-much-weaker-than-advertised/ 

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4:06 AM - 9 Apr 2019


#14 dTraderB

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Posted 09 April 2019 - 07:23 AM

Key Events

The International Monetary Fund releases its World Economic Outlook at 9 a.m. ET. In January, the IMF said the "global expansion has weakened" and cut its forecasts for 2019.

The job openings and labor turnover survey for February is out at 10 a.m.

Treasury Secretary Steven Mnuchin appears before House panels at 10 a.m. and 2 p.m. The official topics are Treasury's budget and the international financial system—but don't be surprised if the handling of President Trump's tax returns takes center stage.

Fed Vice Chairman Randal Quarles speaks on financial regulation at 5 p.m. and Vice Chairman Richard Clarida speaks on the Fed’s review of its strategy at 6:45 p.m.

 

The S&P 500 information technology sector posted its first record close since early October on Monday, climbing for the seventh time in the last eight sessions. 

The group of 68 tech stocks notched a fresh closing record slightly faster than its broader brethren: the S&P 500 is 1.2% below its last record, while the tech-laden Nasdaq Composite is 1.9% off its last peak.

As investors have flocked back toward fast-growing companies early this year, technology shares have been among the best performers.

The S&P 500 technology group is up 23% in 2019, compared to a 16% advance for the broader index. That’s the sector’s best start to a year ever, according to Dow Jones Market Data.

With the U.S. and China closing in on a trade agreement and the Federal Reserve showing caution on further interest-rate increases, investors have once again favored companies that have consistently lifted sales in recent years.

Those stocks tumbled during last autumn’s volatility but are back leading the way as investors embrace risk.

“There’s a narrower list of businesses that are generating most of the growth today, so those are the ones that have been leading the market,” said Michael Lippert, who manages the Baron Capital Opportunity Fund. “I’m not sure that will change.”

Monday's record ended the S&P tech sector’s longest streak without an all-time high since July 2017. Before that, the prior record was 17 years earlier at the height of the dot-com bubble.

Despite tech’s almost uninterrupted rise to start the year, some analysts expect first-quarter earnings season to test the group. The S&P tech sector is expected to log an 11% drop in profits from a year earlier and a 1% dip in revenue, FactSet data show.

And because many tech stocks are associated with market momentum, some analysts caution that a setback on trade or downbeat economic data could send the group tumbling once again.

“When people get nervous about the market, those companies pull back,” Mr. Lippert said.

 

Market Facts
  • A ninth consecutive advance for the S&P 500 today would mark the index's longest winning streak since November 2004, according to Dow Jones Market Data. 
     
  • About 6.05 billion shares changed hands on NYSE and Nasdaq exchanges Monday, the lowest full-day volume total since September, according to Dow Jones Market Data. Roughly 6.58 billion shares per day changed hands last week, the lowest weekly average volume figure since late November.


#15 dTraderB

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Posted 09 April 2019 - 01:45 PM

b-wave completed? 

 

 



#16 dTraderB

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Posted 09 April 2019 - 01:48 PM

Good one, Helene!

Did HE get a copy?

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Helene Meisler Retweeted New York Post

So Putin got a copy ?

Helene Meisler added,

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Putin says Mueller report proves there was no Russian collusion https://trib.al/mdeI2dh 
11:27 AM - 9 Apr 2019

 



#17 dTraderB

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Posted 09 April 2019 - 02:56 PM

wow!
a plunge!

closing my NQ short!!



#18 dTraderB

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Posted 09 April 2019 - 04:46 PM

Down day but it could be a minor retracement after a good multi-day rally

 

Not seeing any major enthusiasm on either side, reminds one of the dull lazy Summer days