• Tag Archives NASDAQ
  • Traders Scramble To “Explain” Sudden Nasdaq Swoon

    After surging in early trading, the Nasdasq – together with various cryptocurrencies – suddenly slumped and dropped as much as 1% from its intraday highs two hours into trading. That’s what traders could agree with; where they clearly disagreed, was on the reason for the swoon with everything from the velocity of last week’s rally, this morning’s economic data and the Supreme Court’s decision to hear arguments on the Trump administration’s travel ban and being cited according to Bloomberg.
    In other words, everyone blissfully rode the momentum on the way up, and now it’s time to come up with the most convincing story why there are more sellers than buyers.

    This post was published at Zero Hedge on Jun 26, 2017.


  • Stock Futures Fell This Morning as the Senate Debates Healthcare

    This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.
    The Dow Jones news today features banks passing a Fed stress test and the Senate debating a new healthcare bill to replace Obamacare. Dow Jones futures are down 27 points this morning while crude oil prices stay near yearly lows.
    Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:
    Index Previous Close Point Change Percentage Change Dow Jones 21,397.29 -12.74 -0.06% S&P 500 2,434.50 -1.11 -0.05% Nasdaq 6,236.69 +2.73 +0.04

    This post was published at Wall Street Examiner by Garrett Baldwin ‘ June 23, 2017.


  • Oil Prices Fall to 10-Month Low as OPEC Mulls an Increase in Production Cuts

    This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.
    In Dow Jones news today, oil prices are on track for their worst six-month performance to start a year since 1988. The ongoing to downturn in crude pulled energy stocks and the Dow Jones down on the day. The S&P 500 and Nasdaq remained resilient thanks to another strong performance from technology stocks.
    Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
    Index Closing Point Change Percentage Change Dow Jones 21,410.03 -57.11 -0.27% S&P 500 2,435.61 -1.42 -0.06% Nasdaq 6,233.95 +45.92 +0.74% Now here’s a closer look at today’s most important market events and stocks, plus Thursday’s economic calendar.

    This post was published at Wall Street Examiner by Garrett Baldwin ‘ June 21, 2017.


  • Dow Jones News Today: Stocks Flatten as Georgia Votes in Special Election

    The Dow Jones news today features stocks flattening ahead of a special election in Georgia that could signal a moment shift in Washington, just as the Trump tax agenda gets underway. Markets will continue to monitor the airline industry as manufacturers continue to unveil new products and strike deals at the Paris Air Show.
    Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:

    This post was published at Wall Street Examiner on June 20, 2017.


  • JPMorgan’s Kolanovic: “$1.3 Trillion In S&P 500 Options Expire On Quad-Friday”

    With Nasdaq ‘VIX’ reaching 15-year highs relative to S&P ‘VIX’ in the last week, we suspect Friday’s quad-witching will be a little more noisy than normal as traders scramble to cope with $1.3 trillion of expiring S&P options…
    ***
    JPMorgan’s Marko Kolanovic lays out the details…
    In our view, it will be difficult for the market to go much higher from these levels (~2,450) unless there is meaningful progress on US fiscal reform (i.e. tax cut).
    Current positioning of various investors is already quite high and that poses additional risk going into weak seasonals.

    This post was published at Zero Hedge on Jun 16, 2017.


  • Stock Prices Fall as Senate Passes Russia Sanctions Bill

    In Dow Jones news today, stock prices fell as the Senate passed a bill that would place new sanctions on Russia.
    Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:
    Now here’s a closer look at today’s most important market events and stocks, plus Friday’s economic calendar.
    The Five Top Stock Market Stories for Thursday
    European finance ministers debated another round of debt relief for the embattled Greek economy and decided to offer a bailout of 8.5 billion euros ($9.5 billion). Greece’s current bailout program is the third effort by international finance leaders since the nation fell into economic calamity in 2010. Crude oil prices cratered and hit a seven-month low on news of a huge spike in U. S. gasoline inventory levels and expectations that OPEC will not be able to balance supply and demand. Crude oil prices are now off more than 12% since May 25. The WTI crude oil price today fell 0.7%. Brent crude dipped 0.2%.

    This post was published at Wall Street Examiner on June 15, 2017.


  • Chip Wars and the Race for Artificial Intelligence

    Radical transformation is coming in many fields of human culture and endeavor. No, this is not just boilerplate praise of ongoing incremental technological innovation. The only way to grasp the magnitude and significance of these incipient changes is to imagine yourself living during the time when steam and then electricity opened continents, shrank the world, destroyed and rebuilt entire societies and ways of life. With that imaginative endeavor, we can at least get a glimpse of the transformation that has already begun but has not yet become fully apparent.
    We’ve written about a few aspects of this revolution in the past months: about the acquisition of machine-learning firm DeepMind by Alphabet, Inc. [NASDAQ: GOOG]; about Elon Musk’s new venture to explore the incorporation of physical computer hardware into the human brain; about an inflection point in the arrival of autonomous, self-driving cars; and about unexpected innovations that are pushing Chinese social media and e-commerce companies ahead of their Western peers. All these facets of the coming transformation point in one direction: artificial intelligence (AI).
    Here Comes the Singularity
    There are many definitions of AI. (Some of the best explorations of AI issues have been through science fiction. We’re looking forward to the upcoming Blade Runner remake, even though we think no one could do justice to Rutger Hauer’s performance as the replicant leader Roy.) However, there is one definition that reveals why AI represents a change as momentous as steam power or electricity, or perhaps more so: and that definition revolves around ‘machine learning.’

    This post was published at FinancialSense on 06/15/2017.


  • FED Rate Hike Recap | How Did Gold, Silver, & Dollar React?

    The following video was published by McAlvany Financial on Jun 15, 2017
    The FED Raised Interest Rates yesterday 25 basis points, we will recap how the Fed Rate Hike impacted the price of Gold & Silver, The US Dollar Index, The Dow Jones Industrial, S&P 500, & Nasdaq 100. We’ll also look at the prices of Platinum and Palladium as the white metals are offering a massive ratio play for those positioned correctly.


  • FOMC Meeting Likely to Conclude with an Interest Rate Hike

    The Dow Jones news today will focus on the conclusion of the June FOMC meeting as the Fed is expected to announce an interest rate hike. Today’s rate hike would be the third in seven months, and Dow Jones futures are up 33 points ahead of the bell.
    Here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:

    This post was published at Wall Street Examiner on June 14, 2017.


  • Stock Prices Climb as FOMC Debates Rate Hikes

    stock prices climbed as investors wait to see if the Federal Reserve will raise rates at the conclusion of the June FOMC meeting tomorrow.
    Here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:
    Index Closing Point Change Percentage Change Dow Jones 21,328.47 +92.80 +0.44% S&P 500 2,440.35 +10.96 +0.45% Nasdaq 6,220.37 +44.90 +0.91% Now here’s a closer look at today’s most important market events and stocks, plus Wednesday’s economic calendar.

    This post was published at Wall Street Examiner by Garrett Baldwin ‘ June 13, 2017.


  • Stocks Rally Ahead of the FOMC

    The Dow Jones news today will be dominated by the first day of the June FOMC meeting. Dow Jones futures are up 24 points as markets prepare for the Fed to hike interest rates. In other stock market news, the Dow and the Nasdaq will both attempt to rebound from their worst two-day stretches of the year.
    This Could Make Big Oil Obsolete: One gallon of this new ‘crystal fuel’ could get you from New York to L. A. and back… seven times! Read more…
    Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:

    This post was published at Wall Street Examiner on June 13, 2017.


  • SocGen: “This Is What Happens When The Algos All Head For The Exit At The Same Time”

    After Goldman, JPM and even Dennis Gartman all opined on Friday’s “tech wreck”, in which the Nasdaq tumbled 2% as the Dow Jones hit new all time highs (the only previous time it has done that was in 1999 just as the tech bubble was ramping up), and when the Philly semiconductor index fell 4.2%, SocGen’s Andrew Lapthorne could not resist, and in a note released on Monday morning, explains that what happened on Friday was merely an episode of “systematic momentum selling“, or said otherwise, a teaser of what happens when the algos all “head for the door all at the same time.”

    This post was published at Zero Hedge on Jun 12, 2017.


  • Nasdaq Relative ‘Risk’ Explodes To 14 Year Highs

    While the VIX rebounded from its lowest level since 1993, it was volatility bets for tech stocks that saw the biggest spike last week.
    As Bloomberg notes, amid Friday’s Fang-nado, the CBOE NDX Volatility Index soared 40%, the most since the stock rout of January 2016, reaching its highest level relative to the (S&P) VIX since the aftermath of the dot-com bubble burst.

    This post was published at Zero Hedge on Jun 12, 2017.


  • Gartman: “The Nasdaq One Day Will Collapse… But Buying Today On Weakness Should Be Wise”

    As “expert” opinions on Friday’s tech meltdown pile on, here is perhaps the most actionable: that of “world renowned commodities guru” Dennis Gartman.
    THE NASDAQ’S ONE DAY COLLAPSE: Will The Trend Line Hold?:
    Friday’s low was right along this trend line… which if we had space, could be extended well back into ’16. If this is still a bull market… and until proven otherwise it is… then buying the NASDAQ on weakness today should be wise and we shall.

    This post was published at Zero Hedge on Jun 12, 2017.


  • “Tech Wreck” Goes Global Dragging Worldwide Markets Lower; Cable, USDJPY Slide

    First the bad news: following Friday’s “tech wreck” European equity markets have opened lower, with the Stoxx 600 sliding 0.9% and back under the 50DMA for the first time since December, dragged by selloff in tech shares, mirroring Asian markets as Friday’s “FAAMG” volatility in U. S. markets spreads globally, battering shares from South Korea to the Netherlands. European banks lag as the Spanish regulator stepped in to prevent another bank collapse, this time of LiberBank which we profiled yesterday, by banning short-selling in the regional commercial bank to mitigate Popular-related contagion.
    Samsung Electronics, ASML Holding and Tencent Holdings led declines in Europe and Asia, dragging down benchmark indexes according to Bloomberg. U. S. stock futures, which ignored Friday’s tech move, also fell as markets continue to digest the Nasdaq 100’s plunge on Friday. Europe’s tech index fell as much as 2.8% to put it on track for its biggest one-day loss since October. The index had reached a 15-year high earlier this month and has soared around 40 percent over the last year

    This post was published at Zero Hedge on Jun 12, 2017.


  • Is the Central Bank’s Rigged Stock Market Ready to Crash on Schedule?

    We just saw a major rift open in the US stock market that we haven’t seen since the dot-com bust in 1999. While the Dow rose by almost half a percent to a new all-time high, the NASDAQ, because it is heavier tech stocks, plunged almost 2%. Tech stocks nosedived while others rose to create new highs. Is this a one-off, or has a purge begun for the tech stocks that have driven the nation’s third-longest bull market?
    Yesterday’s dramatic ‘rotational’ divergence between tech stocks and the rest of the market, which as Sentiment Trader pointed out the only time in history when the Dow Jones closed at a new all time high while the Nasdaq dropped 2% was on April 14, 1999, stunned many and prompted Bloomberg to write that ‘a crack has finally formed in the foundation of the U. S. bull market. Now investors must decide if any structural damage has been done.’ (Zero Hedge)
    This is important because, without the nearly constant lead of those tech stocks, the market would have been a bear a long time ago. Tech stocks created half of the market’s gains in 2017. Financials, which led the Trump Rally, also hit the rocks in recent weeks, at one point erasing almost all of their gains for 2017, though they recovered a little of late. If both continue to falter, the rally rapidly implodes and maybe the whole bull market with it.
    The Tech sector suffered its worse high-altitude nose bleeds at the end of May – the biggest outflow in over a year. Said Miller Tabak’s Matt Maley in a note to clients:

    This post was published at GoldSeek on 11 June 2017.


  • Hedge Fund CIO: “$100BN Of Tech Stocks Got Sold And The S&P Was Unchanged. Not Sure How That Happens”

    The start of another week is upon us, which means it is time for choice excerpts from the latest letter to clients by One River Asset Management CIO Eric Peters, who today writes about Brexit, the “new generals” in the market (more in a later post), rising populism in a world of tech “monopolies”, modern day robber barons, and much more.
    We will have more from today’s letter shortly, but for now here is Peters on a topic on everyone’s minds, volatility, and what Friday’s Nasdaq “air pocket” means:
    Beep Beep
    ‘Volatility didn’t really move,’ said Roadrunner, following the Nasdaq’s Friday afternoon air-pocket decline.
    ‘There were no real flows, no one was buying options,’ continued the market’s biggest volatility trader. ‘I’d expect this to continue for a bit at least.’ These kinds of things don’t usually end in a single day.

    This post was published at Zero Hedge on Jun 11, 2017.