Sunday September 23rd 2018 Newsletter - free

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Table Of Contents:

1. Opening Dialogue, Market Comments

2. General Market Analysis: Major Indexes (SPX, Dow, Nasdaq, Russell 2000)

3. Market Indicators, Bonds/Rates, Yield Curve

4. Market Sector Breakdown

5. World Markets

6. US Dollar, Commodities and Precious Metals

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Hello everyone, first off I hope you had a nice weekend! Here's my comprehensive weekend newsletter.  As far as the market, no major technical changes as the uptrend continues. However there is a potential rising wedge on the SPX daily chart to monitor. Long term trends are strong but one thing to keep an eye on is divergences now showing up on the weekly and monthly charts. 

The bond market has been weak and still looks very vulnerable to a sell off. 

Commodities did well this week with the falling dollar.  

Precious Metals, keeping an eye on gold stocks now to see if they can form a higher low swing opportunity on the next pullback.

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Major Indexes Index Symbol ETF Symbol % G / L Day % G / L Week Close
Dow JonesINDU - WDIA - W 0.32% 2.25% 26,743.50
S&P 500SPX - WSPY - W -0.04% 0.85% 2,929.67
Wilshire 5000WLSH - W -0.13% 0.49% 30,424.00
NasdaqCOMPQ - W -0.51% -0.29% 7,986.96
NDX 100NDX - WQQQ - W -0.50% -0.19% 7,531.07
Russel 2000 (Small Caps)RUT - WIWM - W -0.46% -0.55% 1,712.32
Market Sectors Index Symbol ETF Symbol % G / L Day % G / L Week Close
TransportsTRAN - WIYT - W 0.13% -0.33% 11,532.56
BanksBKX - W -0.43% 2.33% 110.07
FinancialsXLF - W -0.38% 2.24% 28.74
BrokersXBD - W -1.02% 0.66% 274.35
XLE (Energy Select)XLE - W 0.66% 1.83% 75.10
Oil Service HoldersOIH - W 0.76% 3.43% 25.04
TechnologyXLK - W -0.40% -0.11% 74.61
SemiconductorSOX - WSMH - W -0.33% 0.42% 1,383.09
RetailXRT - W -0.17% -0.52% 51.35
Consumer StaplesXLP - W 0.16% 1.18% 55.02
Consumer DiscretionaryXLY - W -0.44% 0.30% 116.92
IndustrialsXLI - W 0.64% 1.66% 80.00
TelecomIYZ - W 0.47% 0.47% 30.08
Real EstateIYR - W -0.05% -0.39% 81.91
HomebuildersHGX - WXHB - W -0.56% -1.73% 297.32
MaterialsXLB - W -0.21% 2.42% 60.56
Metals And MiningXME - W -0.63% 3.16% 34.88
GDX Gold Miners ETFGDX - W -0.79% 4.45% 18.78
BiotechnologyBTK - WXBI - W -0.64% 1.29% 5,205.94
HealthcareXLV - W 0.14% 1.18% 94.27
DrugsDRG - W 0.13% 1.20% 592.43
UtilitiesUTIL - WXLU - W 0.33% -1.32% 727.16
Currencies Index Symbol ETF Symbol % G / L Day % G / L Week Close
US DollarUUP - W 0.32% -0.75% 24.99
EuroXEU - WFXE - W -0.13% 1.19% 117.63
YenXJY - WFXY - W -0.07% -0.46% 88.83
AustralianXAD - WFXA - W 0.12% 2.09% 73.01
British PoundXBP - WFXB - W -1.47% 0.02% 130.73
South African RandZAR - W -0.14% 4.05% 0.07
Canadian DollarCDW - WFXC - W -0.12% 0.90% 77.37
Swiss FrancXSF - WFXF - W 0.04% 0.91% 104.30
Commodities Index Symbol ETF Symbol % G / L Day % G / L Week Close
CommoditiesDBC - W 0.23% 1.69% 17.49
Crude OilWTIC - WUSO - W 0.65% 2.59% 70.78
GasolineGASO - W 0.04% 1.62% 2.00
Natural GasNATGAS - WUNG - W -0.07% 7.48% 2.97
CopperCOPPER - W 4.29% 7.99% 2.86
AgricultureDBA - W 0.00% 0.18% 17.08
CornCORN - WCORN - W 1.35% 1.56% 357.25
WheatWHEAT - WWEAT - W -0.43% 2.00% 521.75
CoffeeBJO - W 0.43% -0.34% 37.66
SugarSUGAR - W 0.52% 4.66% 0.12
Precious Metals Index Symbol ETF Symbol % G / L Day % G / L Week Close
Gold MetalGLD - W -0.68% 0.42% 113.49
SilverSLV - W -0.07% 1.59% 13.44
PlatinumPPLT - W -0.71% 3.98% 78.61
PalladiumPALL - W -0.01% 7.65% 99.75
GDX Gold Miners ETFGDX - W -0.79% 4.45% 18.78
Bonds Index Symbol ETF Symbol % G / L Day % G / L Week Close
TLT 20 Year Bond ETFTLT - W -0.04% -1.22% 117.10
10 Year Treasury YieldTNX - W -0.32% 2.47% 30.68
30 Year Treasury YieldTYX - W -0.31% 2.33% 32.05

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Week of September 24 - September 28
Date ET Release For Actual Briefing.com Forecast Briefing.com Consensus Prior Revised From
Sep 25 09:00 FHFA Housing Price Index Jul 0.2% 0.2% 0.2%
Sep 25 09:00 S&P Case-Shiller Home Price Index Jul 6.3% 6.2% 6.3%
Sep 25 10:00 Consumer Confidence Sep 134.0 131.0 133.4
Sep 26 07:00 MBA Mortgage Applications Index 09/22 NA NA 1.6%
Sep 26 10:00 New Home Sales Aug 638K 630K 627K
Sep 26 10:30 Crude Inventories 09/22 NA NA -2.1M
Sep 26 14:00 FOMC Rate Decision Sep 2.125% 2.125% 1.875%
Sep 27 08:30 Adv. International Trade in Goods Aug -$70.6B -$71.0B -$72.2B
Sep 27 08:30 Adv. Retail Inventories Aug NA NA 0.4%
Sep 27 08:30 Adv. Wholesale Inventories Aug NA NA 0.7%
Sep 27 08:30 Continuing Claims 09/15 NA NA 1645K
Sep 27 08:30 Durable Goods –ex transportation Aug 0.6% 0.4% 0.2%
Sep 27 08:30 Durable Orders Aug 2.1% 1.8% -1.7%
Sep 27 08:30 GDP - Third Estimate Q2 4.2% 4.3% 4.2%
Sep 27 08:30 GDP Deflator - Third Estimate Q2 3.0% 3.0% 3.0%
Sep 27 08:30 Initial Claims 09/22 203K 209K 201K
Sep 27 10:00 Pending Home Sales Aug -0.2% -0.4% -0.7%
Sep 27 10:30 Natural Gas Inventories 09/22 NA NA +86 bcf
Sep 28 08:30 PCE Prices Aug 0.1% 0.1% 0.1%
Sep 28 08:30 PCE Prices - Core Aug 0.1% 0.1% 0.2%
Sep 28 08:30 Personal Income Aug 0.5% 0.4% 0.3%
Sep 28 08:30 Personal Spending Aug 0.4% 0.3% 0.4%
Sep 28 10:00 Univ. of Michigan Consumer Sentiment - Final Sep 101.0 100.5 100.8

Economic Calendar

Stock Earnings Calender:

Click here for a list of Stocks that are reporting Earnings

**Generally we never hold a position into earnings since the risk/reward is too great

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