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.

24Nov2015 Market Update: US Averages Melt Up To Flat Status, DOW Up 2 Points, Oil In Low 43's And Expected To Fall Again

Written by Gary

Global jitters regarding Russian jet being shot down, the oil glut, weak 3rd quarter financial's and the Conference Board Consumer Confidence Index declining have struck a nerve in investors. Oil has only risen fractionally and the US dollar remains stable and trading sideways. We expect the Turkey shooting incident to go away, but weak markets will remain.

Here is the current market situation from CNN Money

North and South American markets are lower today with shares in Mexico off the most. The IPC is down 0.36% while Brazil's Bovespa is off 0.26% and U.S.'s S&P 500 is lower by 0.12%.

Traders Corner - Health of the Market

Index Description Current Value Members Sentiment: % Bullish (the balance is Bearish) 62%
CNN's Fear & Greed Index Above 50 = greed, below 50 = fear 56%
Investors Intelligence sets the breath Above 50 bullish 47.8% Overbought / Oversold Index ($NYMO) anything below -30 / -40 is a concern of going deeper. Oversold conditions on the NYSE McClellan Oscillator usually bounce back at anything over -50 and reverse after reaching +40 oversold. +2.02 NYSE % of stocks above 200 DMA Index ($NYA200R) $NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Dropping below 40%-35% signals serious continuing weakness and falling averages. 36.29% NYSE Bullish Percent Index ($BPNYA) Next stop down is ~57, then ~44, below that is where we will most likely see the markets crash. 53.25% S&P 500 Bullish Percent Index ($BPSPX) In support zone and rising. ~62, ~57, ~45 at which the markets are in a full-blown correction. 67.00% 10 Year Treasury Note Yield Index ($TNX) ten year note index value 22.36 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 81.16 NYSE Composite (Liquidity) Index ($NYA) Markets move inverse to institutional selling and this NYA Index is followed by Institutional Investors 10,424

What Is Moving the Markets

Here are the headlines moving the markets.

Swatch signs pact with Visa on payment watch: report

ZURICH (Reuters) - Swatch Group Chief Executive Nick Hayek has signed a contract with credit card company Visa Inc. in connection with the Swiss firm's new watch that enables wearers to make payments, a newspaper reported on Tuesday.

U.S. GDP growth raised for third quarter

WASHINGTON (Reuters) - The U.S. economy grew at a healthier clip in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an acceleration in growth in the final three months of the year.

Car emissions campaigners turn sights on Renault

BERLIN/LONDON (Reuters) - Renault's flagship Espace minivan released toxic diesel emissions 25 times legal limits in a Swiss study, despite complying with EU tests carried out at unrealistically low engine temperatures, a German environmental group said on Tuesday.

Global security tensions weigh on indexes

(Reuters) - U.S. shares weakened in cautious trading on Tuesday as nervous investors sought low-risk assets after Turkish jets shot down a Russian warplane near the Syrian border.

DraftKings hires Exiger to review financial controls, compliance

NEW YORK (Reuters) - Daily fantasy sports company DraftKings said on Tuesday it hired regulatory risk and compliance firm Exiger to conduct a review of its financial, operational, compliance and risk controls, as the company and its top competitor, FanDuel, have come under fire from state and federal regulators.

Dollar Tree sales beat estimates after Family Dollar deal

(Reuters) - Dollar Tree Inc reported better-than-expected net sales for the third quarter, its first since acquiring Family Dollar and becoming the largest discount retailer in the United States.

Campbell Soup raises profit forecast as cost cuts boost margins

(Reuters) - Campbell Soup Co reported a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, helped by cost-cutting measures introduced in July.

Valeant Just Won't Stop Falling

Despite Ackman's triple-down, Valeant has given up all the after-hours' gains and is rapidly losing last week's "buying spree" dead-cat-bounce rally as Pershing's newly synthetic position in the troubled stock moves deeper in the red...

As we noted previously, Pershing's position 'proxies' 34.12 million shares at an average cost of $113.76...

Although his exposure is dramatically non-linear should things not work out (and note he remains even more drastically underwater still even on this newly acquired position).

Sudden Buying-Panic Lifts Dow Into Green As Algos Ignore Turkish "Hostile Act"

It appears the "hostile act" in Turkey was not enough to keep the dip-buyers from bidding The Dow back into the green for the day. Nasdaq and the S&P are still lagging... as is the credit market.

As soon as Europe closed, stocks surged...

Of course, the machines will be looking to take out the stops from pre-Russia...

Oil Prices Rise on Turkey Jet Shooting

Oil prices rose on Tuesday after the Turkish military shot down a Russian jet fighter along the Syrian border and the dollar weakened.

Stocks Fall as Turkey Downs Jet

Global stock markets fell as the Turkish military shot down a jet fighter along the Syrian border, potentially raising geopolitical tensions.

J.P. Morgan Warns It Could Unplug Quicken and Quickbooks Users

J.P. Morgan plans to disable customers’ access to their bank-account information through software designed to help manage their personal finances unless the customers take steps to confirm their identity with the bank.

November 2015 Conference Board Consumer Confidence Declines And Now At 15 Month Low

Written by Doug Short and Steven Hansen

The Conference Board Consumer Confidence Index declined to 90.4 in November from the September final reading of 99.1, an upward revision of September's initial 97.6. The market expected (from Bloomberg) this index to come in between 100.0 to 106.0 (consensus 102.5).

The surprising reason airline food tastes like cardboard

It’s not entirely the airline’s fault that their food is mediocre.

Market Extra: Downed Russian warplane highlights geopolitical risks

Global stocks sold off Tuesday as officials confirmed that Turkish forces had indeed shot down a Russian jet that Turkish officials said had intruded in the country’s airspace, but the overall market reaction remains muted.

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
Taking a Wrench to Healthcare
Rising Tide Does Not Lift All Ships
News Blog
September 2016 CFNAI Super Index Moving Average Declines
Consequences Of Rising Income Inequality
America's Most Competitive Renters: Why Many Are Choosing To Rent
Historical Echoes: The Bank Teller Action Figure, Or It's All In The Packaging
Infographic Of The Day: The Oil Market Is Bigger Than All Metal Markets Combined
U.S. 2016 Election Divides Advanced And Emerging Economies
Which Countries Read The Most
The World's Most Expensive Retail Locations
How To Help Energy Demand Match Renewable Supply
Music Subscriptions Revive Revenue
How The Space Station Avoids Junk In Space
Infographic Of The Day: The Most Popular Jobs In A Decade
Early And Late Cycle Verdicts Are Baseless
Investing Blog
FinTech Is Taking A Bite Out Of Banks
Options Early Assignment - Should You Worry?
Opinion Blog
The Beer Goggles Stock Market
US 2016 Election: Will US-China Relations Change
Precious Metals Blog
Preparing For Post-Election Social Unrest
Live Markets
24Oct2016 Pre-Market Commentary: Wall Street Moves Higher Ahead Of Corporate Earnings And Friday's GDP Report, Texas Tea Slips Lower, US Dollar Not As Strong As Friday, Gold Skyrockets Upwards
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