Web Statistics Calm before the storm - Calm before the storm

Tuesday, 30 August 2016

Calm before the storm - Calm before the storm

Calm before the storm

ACCESS OUT FULL PREMIUM ELITE VIP NEWSLETTERS & UPDATES!


 FREE 14 DAY TRIAL - CLICK HERE

See What The Fuss Is About - Try Us Free For 14 Days! - Limited Time Offer - Hurry!
Get access to our Daily analysis, videos, coaching, audio, charts and indicators AND MORE....



=====================================================

Calm before the storm ?



Calm before the storm
Calm before the storm



Calm before the storm

Is the stock market really in a situation of us seeing the calm before the storm... Is this true?

U.S. stocks closed lower Tuesday, with utilities falling 1 percent, as investors analyzed strong consumer data while keeping an eye on Federal Reserve ahead of Friday's jobs report.

"After coming off of Jackson Hole, ...all the attention is now to the jobs report," said Bob Phillips, managing principal at Spectrum Management Group. "If it comes out to be a decent number, I think the market will sell off."

Economists polled by Reuters expect the U.S. economy to have added 180,000 jobs in August.

Investors continued searching for clues regarding the Fed's next move Tuesday, after Fed Vice Chairman Stanley Fischer said the U.S. job market is almost at full strength. Fischer made his remarks less than a week after telling CNBC that the August jobs report will weigh on the central bank's decision on whether to raise interest rates.

"We are officially in a rate-rising market, even thought it's only been one rate rise," said Larry Rosenthal, president at Rosenthal Wealth Management Group. "People need to go back to basics and ... have lower beta portfolios." "Keep things simple."

The S&P 500 fell 0.2 percent, with utilities leading nine sectors lower and financials the only advancer. The financials sector has risen more than 3 percent in August, leading all 10 sectors.

Looking at the chart, the S&P has not done much for WEEKS!!! But as you can tell, this does not occur that frequently. Eventually this will break either way. We can say that the month of SEPTEMBER does tend to be a Negative type of month, so just a heads up. That is a statistic if look back 50 years. A break of 2150 spx would be bearish, but as we said, the smart money is doing nothing right now!. 

Calm before the storm


"The consumer confidence came in strong and that bodes well for the Fed to raise rates," said Peter Cardillo, chief market economist at First Standard Financial, but noted he does not expect the Fed to hike next month, rather later this year. "That shows consumer are cheerful and that spending will remain [high]."
Other data released Tuesday included the S&P CoreLogic Case-Shiller 20-City Composite index, which rose 5.1 percent year over year, versus expectations of 5.2 percent.

"These are the dog days of summer," said Bruce McCain, chief investment strategist at Key Private Bank. "It's a pretty boring time in terms of economic data and the net result is the market doesn't know what to do."
Stocks closed higher on Monday, with the S&P rising 0.52 percent, marking its 36th straight session without a 1 percent move higher or lower on a closing basis. At the close, Monday was on pace for the lowest trading volume day of the year.  -    Source : Cnbc.


 I cover more and more technical analysis ==> HERE in our VIP members section.



WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE!



Powered by 123ContactForm | Report abuse

No comments:

Post a comment