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.
Major Indexes | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
---|---|---|---|---|---|
Dow Jones | INDU - W | DIA - W | 0.32% | 2.25% | 26,743.50 |
S&P 500 | SPX - W | SPY - W | -0.04% | 0.85% | 2,929.67 |
Wilshire 5000 | WLSH - W | -0.13% | 0.49% | 30,424.00 | |
Nasdaq | COMPQ - W | -0.51% | -0.29% | 7,986.96 | |
NDX 100 | NDX - W | QQQ - W | -0.50% | -0.19% | 7,531.07 |
Russel 2000 (Small Caps) | RUT - W | IWM - W | -0.46% | -0.55% | 1,712.32 |
Market Sectors | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
---|---|---|---|---|---|
Transports | TRAN - W | IYT - W | 0.13% | -0.33% | 11,532.56 |
Banks | BKX - W | -0.43% | 2.33% | 110.07 | |
Financials | XLF - W | -0.38% | 2.24% | 28.74 | |
Brokers | XBD - W | -1.02% | 0.66% | 274.35 | |
XLE (Energy Select) | XLE - W | 0.66% | 1.83% | 75.10 | |
Oil Service Holders | OIH - W | 0.76% | 3.43% | 25.04 | |
Technology | XLK - W | -0.40% | -0.11% | 74.61 | |
Semiconductor | SOX - W | SMH - W | -0.33% | 0.42% | 1,383.09 |
Retail | XRT - W | -0.17% | -0.52% | 51.35 | |
Consumer Staples | XLP - W | 0.16% | 1.18% | 55.02 | |
Consumer Discretionary | XLY - W | -0.44% | 0.30% | 116.92 | |
Industrials | XLI - W | 0.64% | 1.66% | 80.00 | |
Telecom | IYZ - W | 0.47% | 0.47% | 30.08 | |
Real Estate | IYR - W | -0.05% | -0.39% | 81.91 | |
Homebuilders | HGX - W | XHB - W | -0.56% | -1.73% | 297.32 |
Materials | XLB - W | -0.21% | 2.42% | 60.56 | |
Metals And Mining | XME - W | -0.63% | 3.16% | 34.88 | |
GDX Gold Miners ETF | GDX - W | -0.79% | 4.45% | 18.78 | |
Biotechnology | BTK - W | XBI - W | -0.64% | 1.29% | 5,205.94 |
Healthcare | XLV - W | 0.14% | 1.18% | 94.27 | |
Drugs | DRG - W | 0.13% | 1.20% | 592.43 | |
Utilities | UTIL - W | XLU - W | 0.33% | -1.32% | 727.16 |
Currencies | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
---|---|---|---|---|---|
US Dollar | UUP - W | 0.32% | -0.75% | 24.99 | |
Euro | XEU - W | FXE - W | -0.13% | 1.19% | 117.63 |
Yen | XJY - W | FXY - W | -0.07% | -0.46% | 88.83 |
Australian | XAD - W | FXA - W | 0.12% | 2.09% | 73.01 |
British Pound | XBP - W | FXB - W | -1.47% | 0.02% | 130.73 |
South African Rand | ZAR - W | -0.14% | 4.05% | 0.07 | |
Canadian Dollar | CDW - W | FXC - W | -0.12% | 0.90% | 77.37 |
Swiss Franc | XSF - W | FXF - W | 0.04% | 0.91% | 104.30 |
Commodities | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
---|---|---|---|---|---|
Commodities | DBC - W | 0.23% | 1.69% | 17.49 | |
Crude Oil | WTIC - W | USO - W | 0.65% | 2.59% | 70.78 |
Gasoline | GASO - W | 0.04% | 1.62% | 2.00 | |
Natural Gas | NATGAS - W | UNG - W | -0.07% | 7.48% | 2.97 |
Copper | COPPER - W | 4.29% | 7.99% | 2.86 | |
Agriculture | DBA - W | 0.00% | 0.18% | 17.08 | |
Corn | CORN - W | CORN - W | 1.35% | 1.56% | 357.25 |
Wheat | WHEAT - W | WEAT - W | -0.43% | 2.00% | 521.75 |
Coffee | BJO - W | 0.43% | -0.34% | 37.66 | |
Sugar | SUGAR - W | 0.52% | 4.66% | 0.12 |
Precious Metals | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
---|---|---|---|---|---|
Gold Metal | GLD - W | -0.68% | 0.42% | 113.49 | |
Silver | SLV - W | -0.07% | 1.59% | 13.44 | |
Platinum | PPLT - W | -0.71% | 3.98% | 78.61 | |
Palladium | PALL - W | -0.01% | 7.65% | 99.75 | |
GDX Gold Miners ETF | GDX - W | -0.79% | 4.45% | 18.78 |
Bonds | Index Symbol | ETF Symbol | % G / L Day | % G / L Week | Close |
---|---|---|---|---|---|
TLT 20 Year Bond ETF | TLT - W | -0.04% | -1.22% | 117.10 | |
10 Year Treasury Yield | TNX - W | -0.32% | 2.47% | 30.68 | |
30 Year Treasury Yield | TYX - W | -0.31% | 2.33% | 32.05 |
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 |
Stock Earnings Calender:
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