Week of December 17th Stock Market Watch

December 17, 2018 tvcuser Education, Trading Best Buy, Brexit, China, Facebook, Fedex, Huya, Italy, Tilray, Twitter, Wells Fargo

Stocks came under heavy selling pressure on Friday, as they closed lower for the second straight week. Traders and investors are concerned about the trade dispute between China and the U.S., rising interest rates, and fears of a U.S. government shutdown. Other concerns include the U.K. Brexit vote, and Italy’s budget issues.

Small cap stocks were among the weakest, as the Russell 2000 Index hit 52-week lows.
Among the losers included: Wells Fargo -7.4%, FedEx -8.58%, Best Buy -8.6%, and Tilray -25.06%. However, not all stocks performed poorly. For example, winners included: Twitter +9.26%, Facebook +4.83%, and Huya +24.83%

The VIX closed at 21.63 on Friday. A sign that traders have a concern, but nowhere near panic levels, which would be anything above 30.

Crude oil futures prices are starting to stabilize near $50; they closed at $51.40 on Friday. That’s well off it’s October highs of $76.39.

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) -2.61%, iShares 20+ Year Treasury Bond (TLT) +0.06%, SPDR Gold Shares (GLD) -0.87%

The number one event traders will focus on next week will be the FOMC Meeting Announcement, held on Wednesday. The Fed is expected to raise rates at the meeting. However, everyone will be listening to its forecast, and the Fed Chair press conference, held right after the announcement, for further clues on what the Fed does next.

Economic Releases:
18 Dec 2018- Housing Starts 8:30 AM ET

19 Dec 2018- Existing Home Sales 10:00 AM ET; EIA Petroleum Status Report 10:30 AM ET; FOMC Meeting Announcement 2:00 PM ET

20 Dec 2018- Jobless Claims 8:30 AM ET; Philly Fed Business Survey 8:30 AM ET

21 Dec 2018- Durable Goods Orders 8:30 AM ET; GDP 8:30 AM ET; Personal Income and Outlays 10:00 AM ET

Key Earnings:
17 Dec 2018- LAKE, ORCL, RHT

18 Dec 2018- NAV, FDS, DRI, FDX, JBL, MU, SCS

19 Dec 2018- GIS, PAYX, PIR, RAD

20 Dec 2018- APOG, ATU, CAG, SAFM, WBA, NKE, CAMP

21 Dec 2018- KMX

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October 23, 2018 The Week Ahead

October 23, 2018 tvcuser Education, Trading China, homebuilders ETF, Italy, Shanghai, VIX

The stock market continues to sell-off on fears of rising rates, trade disputes, and geopolitical tensions. Despite this, earnings have been relatively strong to date. However, we can’t deny the weakness in certain sectors. For example, the homebuilders ETF has sold off 21 out of 23 days.

Going into the week the focus will be on earnings. Outside of the US Markets, traders are following Italy’s budget story as well as the Shanghai index. It was announced earlier that China’s Q3 GDP grew at a slower pace than projected.

The VIX continues to trade above the 20 level as risk off maintains to be a theme in the markets.

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Economic Releases:
24 Oct 2018- New Home Sales 10:00 AM ET; EIA Petroleum Status Report 10:30 AM ET

25 Oct 2018- Durable Goods Orders 8:30 AM ET; International Trade In Goods 8:30 AM ET; Jobless Claims 8:30 AM ET

26 Oct 2018- GDP 8:30 AM ET

28 Oct 2018- Jobless Claims 8:30 AM ET; Philly Fed Business Survey 8:30 AM ET

29 Oct 2018- Existing Home Sales 10:00 AM ET

Key Earnings:
25 Oct 2018- BAC, SCHW, RIO

26 Oct 2018- BLAK, DPZ, GS, GWW, JNJ, NS, PGR, UNH, CREE, CSX, IBM, NFLX, UAL

27 Oct 2018- AA, ASML, ABT, BMI, KMI, MTB, USB, WPP, URI, CCI, SLG, STLD, URI

28 Oct 2018- BBT, BK, BX, DHR, DOV, ERIC, GPC, NUE, NVS, PM, POOL, PPG, SON, TRV, TXT, WBC, WBS, AXP, EBAY, ETFC, ISRG, PYPL, OZK, WERN

29 Oct 2018- CLF, HON, PG, SLB, SYF, VFC, STT, CFG

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June 25, 2018 The Week Ahead

June 25, 2018 tvcuser Education, Trading China, DIA, FMI, GLD, HRTX, Italy, IWM, QQQ, SFIX, SPY, SRPT, TLT, Turkish elections, USO, VIX

U.S. stocks traded lower over the week as trade talks between China has escalated. The U.S. has implemented an additional $200B in tariffs on China. That said, China countered with their own tariffs. Going into next week traders will be watching international news, specifically the Turkish elections and politics out of Italy.

Stocks in play included: HRTX +38%; SRPT +37%; FMI +34%; and SFIX +16.6%

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -1.04%, SPDR S&P 500 ETF (SPY) -0.87%, SPDR Dow Jones Industrial Average ETF (DIA) -2.01%, iShares Russell 2000 ETF (IWM) +0.01%

The VIX closed the week higher, finishing it at 13.8

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Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +7.39%, iShares 20+ Year Treasury Bond (TLT) +0.17%, SPDR Gold Shares (GLD) -0.82%

Economic Releases:
25 June 2018- New Home Sales 10:00 AM ET

27 June 2018- Durable Goods Orders 8:30 AM ET; International Trade in Goods 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

28 June 2018- Jobless Claims 8:30 AM ET; GDP 8:30 AM ET

29 June 2018- Personal Income and Outlays 8:30 AM ET

Key Earnings:
25 June 2018- CCL

26 June 2018- FDES, LEN, SONC

27 June 2018- GIS, PAYX, UNF, BBBY, PIR, RAD, WOR, FC

28 June 2018- APOG, CAG, GMS, LNN, MKC, WBA, NKE, KBH

29 June 2018- STZ

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