Mid Day Outlook: April 18, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Wednesday, April 18, 18 U.S. equities are little changed, taking a breather after a strong 2-day rally took major averages (S&P 500, Dow Industrials, and the Nasdaq Composite) above key technical trading levels (all top their respective 50-day moving averages the last 2-days), and best overall levels in over a month as strong earnings and easing geopolitical tensions … Read More

Morning Preview: April 18, 2018

Scott GreenDaily Market Insights

Early Look Wednesday, April 18, 18 Stock futures are pointing to slightly better open, on track for a third straight day of gains, helped after President Trump confirms this morning that CIA director Pompeo met with North Korean leader Kim-Jong Un last week and said the meeting went smoothly, helping ease tensions with the country. Outside of that, earnings remain … Read More

Market Review: April 17, 2018

Scott GreenDaily Market Insights

Closing Recap Tuesday, April 17, 18 Equity Market Recap · Stocks end sharply higher, further surpassing key technical levels as the Nasdaq Composite joined the S&P 500 and Dow Industrials by topping its 50-day moving average resistance for the first time in about a month as the market has turned its attention to corporate earnings. Dow component UNH posted better … Read More

Mid Day Outlook: April 17, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Tuesday, April 17, 18 U.S. stocks advance, adding to yesterday’s gains amid strength in Dow component UNH after better quarterly results, while NFLX earnings and subscriber data helped lift the tech company shares. Financials failing to rally despite better earnings results from GS today (banks thus far have come in mostly better, but group has failed to move … Read More

Morning Preview: April 17, 2018

Scott GreenDaily Market Insights

Early Look Tuesday, April 17, 18 Stock futures are pointing to a higher open amid positive earnings optimism ahead of a busy week for large caps. In addition to several key earnings today (GS, JNJ, UNH, IBM, LRCX) there is also a heavy dose of economic data including housing starts and industrial production, along with a full slate of Fed … Read More

Market Review: April 16, 2018

Scott GreenDaily Market Insights

Closing Recap Monday, April 16, 18 Equity Market Recap U.S. stocks start the week broadly higher, with all eleven S&P sectors advancing as the Dow Industrial Average climbed above its 50-day moving average, a level it hasn’t breached since March 13, and which it hasn’t closed above since March 9, while the benchmark S&P 500 index traded just shy of its 50-day … Read More

Mid Day Outlook: April 16, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Monday, April 16, 18 U.S. equities advance, adding on to last week’s strong gains, as geopolitical tensions over Syria eased and investors now turn their attention to the quarterly earnings. Almost 70 S&P 500 companies are scheduled to report results this week as earnings season kicks in full swing (NFLX the big one tonight), while the benchmark index … Read More

Morning Preview: April 16, 2018

Scott GreenDaily Market Insights

Early Look Monday, April 16, 18 Stock futures rise as Syria fears fade, with attention now turning to a heavy dose of corporate earnings this week, as Bank of America reports this morning and Netflix (NFLX) due tonight. Bond strength is fading, as the yield on the 10-year rises above 2.86%, while gold futures are little changed and oil prices … Read More

Market Review: April 13, 2018

Scott GreenDaily Market Insights

Closing Recap Friday, April 13, 18 Equity Market Recap ·      Stocks extended losses late afternoon, falling near to the lowest levels of the day in the final hour of trading, heading into the weekend amid fears the U.S. and others could retaliate against Syria following its chemicals weapon attack on civilians last weekend (reports late day said the U.S. had “very … Read More

Mid Day Outlook: April 13, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Thursday, April 13, 18 Equities have trended lower after trading higher overnight, dragged down by a decline in banks after mixed quarterly results and some cautious about the environment spooked some investors. JPM CEO Dimon, after beating earnings on slightly lower revs, the environment is intensely competitive and lending was flat for the quarter, while WFC warned its Q1 … Read More