FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

14Apr2015 Market Update:

Written by Gary

After a brief spike of 'sheeples' pre-orders moving the markets up fractionally (Bull Trap), the averages have moved solidly down into negative territory which may or may not be the lows for the day. Traders love it and investors loath the volatility, but that is what is to be expected for now. The BTFDers are starting to buy in as they think this is the low for the day.

Here is the current market situation from CNN Money

North and South American markets are lower today with shares in Brazil off the most. The Bovespa is down 0.86% while Mexico's IPC is off 0.30% and U.S.'s S&P 500 is lower by 0.21%.

Traders Corner - Health of the Market

Index Description Current Value Members Sentiment: % Bullish (the balance is Bearish) 57%
CNN's Fear & Greed Index Above 50 = greed, below 50 = fear 60
Investors Intelligence sets the breath Above 50 bullish 60.9% Overbought / Oversold Index ($NYMO) anything below -30 / -40 is a concern of going deeper. Oversold conditions on the NYSE McClellan Oscillator usually bounce back at anything over -50 and reverse after reaching +40 oversold. +5.45 NYSE % of stocks above 200 DMA Index ($NYA200R) $NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Dropping below 40%-35% signals serious continuing weakness and falling averages. 60.94% NYSE Bullish Percent Index ($BPNYA) Next stop down is ~57, then ~44, below that is where we will most likely see the markets crash. 66.67% S&P 500 Bullish Percent Index ($BPSPX) In support zone and rising. ~62, ~57, ~45 at which the markets are in a full-blown correction. 72.40% 10 Year Treasury Note Yield Index ($TNX) ten year note index value 18.69 Consumer Discretionary ETF (XLY) As long as the consumer discretionary holds above [66.88], all things being equal, it is a good sign for stocks and the U.S. economy 75.82 NYSE Composite (Liquidity) Index ($NYA) Markets move inverse to institutional selling and this NYA Index is followed by Institutional Investors 11,082

What Is Moving the Markets

Here are the headlines moving the markets.

JPMorgan profit rises as fixed-income trading rebounds

(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a better-than-expected rise in first-quarter profit, with a rebound in bond trading bolstering Chief Executive Jamie Dimon's argument that size and diversification are advantages.

Wall St. edges up after JPMorgan, J&J results

NEW YORK (Reuters) - U.S. stocks rose modestly on Tuesday as investors digested the initial major earnings of the first-quarter reporting season, which showed some weakness despite companies topping lowered expectations.

J.C. Penney executive inadvertently discloses same-store sales

(Reuters) - J.C. Penney Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst.

Market Open Buying-Panic Treja-Vu

Fool me three times...

and a reminder of what happened yesterday...

Charts: Bloomberg

Global investors stick to stocks for now but bubble fear mounts

LONDON (Reuters) - International investors are getting increasingly anxious that stock markets may be due a downward lurch with more of them rating equities as "overvalued" than at any time since 2000, a global survey said on Tuesday.

Peripheral EU Bond Risk Surges As Grexit Contagion Spreads

Despite all the money-printing, bond-buying, ponzi-scheming; the looming reality of a possible Greek default is spreading rapidly across the rest of peripheral European bonds. Greek 3Y bond yields are up 167bps, breaking over 23% today. The last week has seen Italian, Portuguese, and Spanish bond risk rise 12-16bps - a dramatic move off such low Q€-driven bases. Already there is chatter that Spain's resurgent Podemos party will look to negotiate restructuring their debt, which merely confirms the fact that for all the bluster, EU leaders are scared stiff of the implications of 'allowing' Greece to exit...

Greek bonds are dumping...

And peripheral European bond risk is contagion-ing...

Charts: Bloomberg

Detroit, Stockton bankruptcies may flag wider problems: Fed's Dudley

NEW YORK (Reuters) - The municipal bankruptcies in Detroit and Stockton, California, may foretell more widespread problems in the United States than is implied by current bond ratings, a top Federal Reserve official said on Monday.

Retail sales rebound, post largest gain in a year

WASHINGTON (Reuters) - U.S. retail sales rose in March for the first time since late last year as consumers stepped up purchases of automobiles and other goods, suggesting a sharp slowdown in economic growth in the first quarter was temporary.

Small Business Optimism Plunges To 9-Month Lows As Hiring Plans Tumble

Remember back at the turn of the year when NFIB Small Business Optimism was surging and the mainstream media proclaimed that jobs were coming back thanks to small business, and Obama stated "the shadow of crisis is behind us." Well, if March's Small Business Optimism index is to be believed... it's not. At 95.2 (missing expectations for the 3rd month in a row), this is the least optimistic small businesses have been in 9 months. Worse still, all those jobs that were going to be created by this optimism.. Hiring Plans dropped to 6-month lows.

Optimism fading fast...

And along with it, Hiring Plans...

Charts: Bloomberg

Small business confidence falls; labor indicators weak

WASHINGTON (Reuters) - Small business confidence fell in March as hiring and capital spending plans weakened, adding to signs that economic growth braked sharply in the first quarter.

Wells Fargo Profit Beats as Mortgage Banking Recovers

The largest U.S. mortgage lender reported a 2.6 percent fall in quarterly profit on Tuesday as the bank set aside more money to cover bad loans.

March 2015 Overall Producer Prices Continue in Deflation Year-over-Year

Written by Steven Hansen

The Producer Price Index inflation continued its year-over-year deflation. The intermediate processing continues to show a large deflation in the supply chain.

I.M.F. Warns of Uneven Economic Growth

Despite improvements in the United States and Europe, the International Monetary Fund pointed to emerging economies, high levels of debt and fragile banks as possible threats.

Bits Blog: Twilio Adds Video to Its Offerings for Software Developers

A company that makes it possible to add voice or text communications to any application will include video capabilities in its package.

Japan PM adviser Hamada says dollar at Y120 acceptable

TOKYO (Reuters) - The yen is fairly valued around current levels, a key economic adviser to Prime Minister Shinzo Abe said on Tuesday, a day after comments he made were taken to mean the yen was too weak.

JPMorgan Chase Profit Rises 12% on Strong Trading

The bank experienced rebounds in some of the big businesses that had been lagging and fueling criticism of the company.

Citi seeking to sell retail FX arm: source

LONDON (Reuters) - Citigroup Inc is seeking a buyer for its retail forex brokerage CitiFX Pro as part of efforts to streamline the banking world's biggest currency trading operation, a source familiar with the situation told Reuters on Tuesday.

Retail Sales Miss For 4th Month In A Row: First Time Since Lehman

After 3 months of missed expectations and the first consecutive drop in retail sales since Lehman, retail sales rose 0.9% in March (missing expectations of +1.1%), following a revised 0.5% drop in February. While the 0.9% rise is the biggest since March last year, this is now the worst streak of missed expectations in retail sales since 2008/9. Ex-Autos, retail sales also mised expectations (rising just 0.4% vs 0.7% exp).

This is the worst March YoY growth in retail sales (control group) since 2009...

The breakdown shows what we already know: courtesy of soaring non-revolving loans, auto sales spiked in March...

... however offset by modest increases in other category, with electronics, food and online sales posting a decline. Too warm outside to spend money on

Earnings Summary for Today

Earnings Calendar provided by

leading Stock Positions

Leading Stock Quotes powered by

Current Commodity Prices

Commodities are powered by

Current Currency Crosses

The Forex Quotes are powered by

To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

Click here for Historical Releases Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

You can also comment using Facebook directly using he comment block below.

Econintersect Live Market


Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Take a look at what is going on inside of
Main Home
Analysis Blog
Rising Tide Does Not Lift All Ships
Comments on Feyerabend’s ‘Against Method’, Part II
News Blog
New Seasonal Outlook Updates from NOAA and JAMSTEC - Let's Compare Them.
Infographic Of The Day: Driving Into A Battery Powered Future
Earthquake Risk - Location Matters
Investor Alert: Be On The Lookout For Investment Scams Related To Hurricane Matthew
Lost In Translation: Five Common English Phrases You May Be Using Incorrectly
The Size And Scope Of Samsung's Business
Immigration Is The Top Worry For Britons
People Killed By Russian Airstrikes In Syria
Have You Taken These 4 Simple Steps To Improve Your Trading?
14 October 2016: ECRI's WLI Growth Index Insignificantly Declines
Mom Breaks Down In Tears When Son With Autism Meets Service Dog
Rail Week Ending 15 October 2016 Paints A Negative Economic View
What Is The New Normal For U.S. Growth?
Investing Blog
FinTech Is Taking A Bite Out Of Banks
Options Early Assignment - Should You Worry?
Opinion Blog
US 2016 Election: Will US-China Relations Change
Prop. 51 Versus A State-Owned Bank: How California Can Save $10 Billion On A $9 Billion Loan
Precious Metals Blog
How Will The Election Outcome Impact Precious Metals?
Live Markets
21Oct2016 Market Close: Major US Indexes Close Flat On Low Volume, Crude Prices Resume Climb, US Dollar Stabilizes In Mid 98 Handle, Yes, Most Investors Are Worried Which Way This Market Will Go
Amazon Books & More

.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government

Crowdfunding ....



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved