econintersect.com
       
  

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.



10Apr2017 Market Update: Wall Street Back In The Green, DOW Up 50 Points, Sea-Saw Market Action Belies True Direction As Investors Shrug Off Geopolitical Tensions

Written by Gary

Although Wall Street is fractionally more volatile than the past two sessions, it is following the sideways trading seen last week. Crude prices stabilize in the higher region found this morning and the US dollar is displaying some weakness.


Here is the current market situation from CNN Money

North and South American markets are mixed. The S&P 500 is higher by 0.22%, while the IPC is leading the Bovespa lower. They are down 0.24% and 0.19% respectively.

Traders Corner - Health of the Market

Index Description Current Value
Investors.com Members Sentiment: % Bullish (the balance is Bearish) 66%
CNN's Fear & Greed Index Above 50 = greed, below 50 = fear

36%

Investors Intelligence sets the breath Above 50 bullish 64%
StockChart.com Overbought / Oversold Index ($NYMO) anything below -30 / -40 is a concern of going deeper. Oversold conditions on the NYSE McClellan Oscillator usually bounce back at anything over -50 and reverse after reaching +40 oversold. +14.54
StockChart.com NYSE % of stocks above 200 DMA Index ($OEXA200R) $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%. Following a major market correction, the conditions for safe re-entry are when:
a) Daily $OEXA200R rises above 65%
Secondary Bullish Indicators:
a) RSI is POSITIVE (above 50)
b) Slow STO is POSITIVE (black line above red line)
c) MACD is POSITIVE (black line above red line)
85%
StockChart.com NYSE Bullish Percent Index ($BPNYA) Next stop down is ~57, then ~44, below that is where we will most likely see the markets crash. 66%
StockChart.com S&P 500 Bullish Percent Index ($BPSPX) In support zone and rising. ~62, ~57, ~45 at which the markets are in a full-blown correction. 73 %
StockChart.com 10 Year Treasury Note Yield Index ($TNX) ten year note index value 23.61
StockChart.com 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 87.63
StockChart.com NYSE Composite (Liquidity) Index ($NYA) Markets move inverse to institutional selling and this NYA Index is followed by Institutional Investors 11,463

Stocks trade flat despite energy gains; Street shrugs off geopolitical tensions

What Is Moving the Markets

Here are the headlines moving the markets.

Wall St. in the red as banks slip ahead of earnings

(Reuters) - U.S. stocks reversed course to trade lower on Monday as losses in financial stocks, ahead of quarterly earnings later this week, offset a boost from energy shares.

'Best banker in America' blamed for Wells Fargo sales scandal

(Reuters) - An investigation by Wells Fargo & Co's board laid blame for the company's unauthorized accounts scandal on a high-pressure sales culture and a retail executive obsessed with stamping out negative views about her division.

Tesla becomes most valuable U.S. car maker, edges out GM

SAN FRANCISCO (Reuters) - Tesla Inc on Monday briefly became the most valuable U.S. car maker, reaching a market capitalization of as much as $51.105 billion, higher than General Motors's .

AT&T bets on 5G with Straight Path Communications buy for $1.25 billion

(Reuters) - AT&T Inc said on Monday it would buy Straight Path Communications Inc , a holder of licenses to wireless spectrum, for $1.25 billion in an all-stock deal as it aims to accumulate the airwaves it needs for a next generation network.

Facebook's Sandberg says number of monthly advertisers tops 5 million

SAN FRANCISCO (Reuters) - Facebook Inc plans to announce on Monday that more than 5 million businesses are advertising on the social network each month and that it is updating its suite of ad services to try to draw more small businesses onto its mobile platform.

SEC targets fake stock news on financial websites

(Reuters) - The U.S. Securities and Exchange Commission on Monday announced a crackdown against alleged stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites.

Oil surplus or scarcity? Shale makes it even harder to predict

LONDON (Reuters) - The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized.

Partial owner of Kushner's New York flagship property willing to sell

NEW YORK (Reuters) - Efforts to breathe new life into an ageing Manhattan office building that is the flagship property of the family of President Donald Trump's son-in-law has gained a green light after a partial owner of the building indicated a willingness to sell.

Barclays reprimands chief executive for trying to identify whistleblower

LONDON (Reuters) - British bank Barclays has reprimanded Chief Executive Jes Staley and will cut his bonus heavily after he tried to uncover the identity of an internal company whistleblower in a case being investigated on both sides of the Atlantic.

United CEO Responds

Following the dragging of a doctor from a plane - after he refused to leave when a computer selected him for removal when the airline overbooked the flight - United CEO Oscar Munoz has (finally) responded...

United CEO response to United Express Flight 3411. pic.twitter.com/rF5gNIvVd0

— United (@united) April 10, 2017

Everyone is Doing it: Injecting Micro-Chips is Cool!

Via The Daily Bell

The government isn't quite ready to force microchip injections on citizens. But if you want to do it on your own, it just makes tracking you and your data that much easier!

You can be just like the cool kids who are having microchips injected in their hands in order to open locked doors and store payment information. A wave of the hand is all it will take to start your car, buy a latte, or share all your data with governments and corporations.

"I'm turning the internet of things into the internet of us," said Jowan Osterlund in an interview with Recode. Osterlund is the founder of Biohax, a Swedish company that specializes in injecting small microchips, about the size of a grain of rice, under people's ski ...

Liberals Call For Ouster Of Democrat Representative After She Questions Syria Attacks

Sporting a sweet new "Resist" picture on Twitter, Neera Tanden, President of the Center for American Progress and author of numerous embarrassing email exchanges with John Podesta, called on Hawaiians to oust their Representative, Tulsi Gabbard, for having the audacity to question whether Assad was responsible for the recent chemical weapons attacks in Syria.

People of Hawaii's 2nd district - was it not enough for you that your rep met with a murderous dictator? Will this move you?1 https://t.co/jbwGuZIJ6R

— Neera Tanden (@neeratanden) April 7, 2017

Of course, we're almost certain that Neera's comments had nothing to do with the fact that Gabbard was one of the few House democrats to throw her support behind Bernie Sanders in the 2016 presidential election rather than Tanden's chosen candidate, Hillary.

Nevertheless, here is Gabbard speaking with Wolf Blitzer of CNN who, like many of his colleagues in the MSM, seems to suddenly be very trusting of the Trump administration.

Rep. Gabbard: "Yes, I'm skeptical" of claim Assad regime is behind chemical weapons attack https://t.co/fETssThsLF https://t.co/fpYdUNR2t4

— CNN (@CNN) April 7, 2017

Gabbard, who sits on the Armed Services and Foreign Affairs committees, drew criticism earlier this year when she took a somewhat mysterious trip alone to meet with Assad in Syria without alerting House Speaker Paul Ryan. The l ...

Stocks Slide On Report China Has Deployed 150,000 Troops To North Korea Border

While the catalyst is unclear, it appears the market dropped as headlines of further sanctions against Russia appeared and reports of China deploiying 150,000 troops to its North Korea border.

According to Korean news agency Chosun, the "Chinese army has deployed about 150,000 troops to the North Korean border in two groups to prepare for unforeseen circumstances." The reason: the prospect of "military options", such as preemptive attacks on North Korea, like the one the United States launched on Syria.

More Google translated:

As the United States announced its independent North Korean behavior and moved the United States Navy's nuclear-powered Calvinus (CVN-70) carrier class to Singapore, the Chinese army has deployed about 150,000 troops in two groups to prepare for unforeseen circumstances.

"The report said. It is because of the prospect of taking "military options", such as preemptive attacks on North Korea, just as the United States has launched an air raid on Syria.

Japan's Sankei Shimbun reported on the 9th that the Syrian missile strike in the United States shocked China, suggesting that the People's Liberation Army forces are moving toward the Yalu River, .

The newspaper said the video was also broadcast on the Internet, but the authorities removed the relevant information, saying the move was a medical and aft support unit for the Shenyang bulb (the northern light bulb)

Another possible catalyst is a report by

Amazon at $1,000, Wall Street's Not-So-Bold Call

Ten analysts now predict Amazon's shares will eclipse the $1,000 mark in the next year, and 13 others have price targets within 5% of that goal.

A Coal Revival but Not Because of Trump

America's coal industry has been ravaged by cheap gas and environmental concerns, but it is stabilizing and that has little to do with President Trump.

The $400 Million Man

Is a new CEO really worth $400 million? That is what investors in Axovant Sciences are saying.

March 2017 Conference Board Employment Index Improves Almost Ignoring March's Terrible Employment Numbers

Written by Steven Hansen

The Conference Board's Employment Trends Index - which forecasts employment for the next 6 months improved, and its authors say "The surprisingly weak job growth in March is mostly noise in an otherwise healthy and tight labor market".

Market Snapshot: Stocks wobble as bank weakness offsets energy strength

U.S. stocks are flat, retreating from an earlier advance as weakness in banking shares offsets a rally by energy names. Caution was also elevated going into the first-quarter earnings season.

Europe Markets: European stocks close down fractionally, staying near 16-month high

European equity investors held back from making major moves Monday, leaving the Stoxx Europe 600 index near its highest close since December 2015.

10 shocking passages from the Wells Fargo report on aggressive sales practices

Here are selected passages from the Wells Fargo board's report into sales practices.

Earnings Summary for Today

Earnings Calendar provided by Investing.com.

leading Stock Positions

Leading Stock Quotes powered by Investing.com

Current Commodity Prices


Commodities are powered by Investing.com

Current Currency Crosses

The Forex Quotes are powered by Investing.com.



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

gary@econintersect.com

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Live Market

search_box

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 Econintersect.com
Main Home
Analysis Blog
Why Long-Run Theories of Profit and Accumulation Fall Short
Brexit - Who Wins and Loses
News Blog
Worthless Mining Waste Could Suck CO Out Of The Atmosphere And Reverse Emissions
Average Gasoline Prices for Week Ending 24 April 2017 Rose Over 1 Cent
The Worst Roads In The USA
What We Read Today 24 April 2017
Best And Worst States To Retire In The United States
April 2017 Texas Manufacturing Survey Continues to Expand
March 2017 CFNAI Super Index Moving Average Declined
What Is The Informal Labor Market?
Changes In Labor Force Participation
Infographic Of The Day: 10 Habits Of Millionaires For Building Wealth
Early Headlines: Asia Stocks Mostly Up, China Down, Dollar And Oil Up, Gold Down, European Stocks Open Up, 2nd SCOTUS Seat For Trump?, SCOTUS Gets Gerrymander, UK Has Huge Gender Pay Gaps, And More
Most Read Articles Last Week Ending 22 April
GOP Healthcare Plan Would Cost The Poor And Old The Most
Investing Blog
Market And Sector Analysis 23 April 2017
Markets Rally As Expected
Opinion Blog
Reducing Inequality Could Be A Matter Of Survival
America's Gilded Age 2: On The Rocks
Precious Metals Blog
Three Gold Plays For The New Era Of Chaos
Live Markets
24Apr2017 Market Close: Wall Street Closes Higher, DOW Closes Up 216 Points, Investors Now Worry About A Looming Shutdown Of The Federal Government
Amazon Books & More






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































 navigate econintersect.com

Blogs

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

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved