- Retailers will dominate earnings next week, with results expected from HD, TGT, WMT, LOW, and URBN to name a few.This sector is only one where a significant number of Q2 earnings reports are still awaited.
- Gold should begin moving lower, since volatility or expected volatility due to global pressures has declined substantially in recent months.
- There is also sector rotation from REITS and UTILITIES to Technology.
- Indices are making new highs, but the percentage of stocks trading above the 50 day line continues to gradually decline.This tell us that the rally mostly in large caps
- Economic Data.:
- Retail sales for July disappoint, coming in flat, below expectations.
- Producer Prices for July declined sharply in July, falling (-0.4%) vs. an expected increase of up 0.1%.
- University of Michigan consumer sentiment prelim survey for August rose to 90.4 vs. 90.0 prior month (below estimate of 91.5);
- Business Inventories rose 2% in June, slightly above est. for a 0.1% rise; business sales rose 1.2% in June after rising 0.3% the prior month; wholesalers inventories rose 0.3% in June after rising 0.2% prior month.
WELLCOME
WELLCOME TO MY BLOG.
"Don't trade when there aren't clear opportunities" Jesse Livermore "The only way to "get better at trading" is to practice dealing with losses, with money, with your real trading system "Rob Booker "There are old traders and there are bold traders, but there are very few old, bold traders." Ed Seykota "Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there"Bill Eckhardt
Sunday, August 14, 2016
MARKET and ECONOMIC DATA
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