Tag: DOW (INDEX:DJI)

Hello MarketClub members everywhere. As the trading week comes to an end, the DOW and S&P 500 are hovering around their all-time highs with the S&P 500 surpassing that mark as I write this. Weak economic data has also dimmed the chances of another rate hike this year, while lukewarm forecasts by J.P. Morgan and Wells Fargo have limited gains.

EDIT: Shortly after I posted this video the NASDAQ triggered a green weekly TT. Your key level to watch next week is now 6,081.96. A move below that level would issue a new red weekly TT.

Shares of J.P. Morgan Chase & Co. (NYSE:JPM) fell 1.3%, Citigroup Inc. (NYSE:C) was down 1% and Wells Fargo & Company (NYSE:WFC) fell 1.8%, despite their quarterly profits beating analysts' expectations.

Gold and crude oil are both posting weekly gains of 1.3% and 5.2% respectively.

Key levels to watch next week: Continue reading "Indexes Hover Around All-Time Highs" →

Hello MarketClub members everywhere. Stocks were sent for a wild ride today as traders weighed the impact of emails released by Donald Trump Jr. via Twitter.

The Dow initially fell 100 points on concerns that the Russia controversy that’s plagued President Trump’s presidency will worsen. However, the major averages recovered about half an hour later. The Nasdaq and Dow are now in the green while the S&P 500 remains in the red.

Key levels to watch this week: Continue reading "Trump Jr. Emails Spook Wall Street" →

Hello MarketClub members everywhere. After a tumultuous week stocks are ending on a high note with the labor department reporting that the U.S. economy added 222,000 jobs in June. Economists had been expecting an increase of 179,000. The unemployment rate ticked higher to 4.4 percent from 4.3 percent.

However, wage growth, which is viewed as a measure of inflation, rose by just 0.2 percent.

Crude oil is heading lower for the third straight day as OPEC said it might be considering putting a limit on how much Nigeria and Libya can produce.

Key levels to watch next week: Continue reading "Stronger-Than-Expected Employment Data Spurs Markets" →

Hello MarketClub members everywhere. As expected the stock market is headed higher today after yesterday's sell-off. However, trading volume is decidedly low heading into the long 4th of July weekend.

Let’s take a look at where the markets stand and where they are finishing up the 2nd quarter of 2017.

Key levels to watch next week: Continue reading "Wrapping Up The Second Quarter Of 2017" →

Hello MarketClub members everywhere. The drop by the U.S. Dollar today has helped to pull crude oil off of its 10-month lows producing two straight days of gains heading into the weekend.

Overall, U.S. stocks have been little changed this week, with the Dow and S&P flat in the period. Meanwhile, the NASDAQ is on track to post a weekly gain of almost 2% after two weeks of losses.

Key levels to watch next week: Continue reading "Oil Stabilizes As The Dollar Falls" →