7 Minute Read

Market Recap: August 19 2015

August 19, 2015

By | 1 Comment

ECONOMIC EVENTS & NEWS
NEWS!

Stocks were down amid weakness in Materials, Energy and Crude Oil.  July CPI below expectations.  FOMC comes off as dovish, and the Dollar slides in response.

Link to this news click here

Google up 0.7% on relative strength. Utilities lead the sectors for the Bulls. Energy lead for the bears.

S&P 500 stuck in a long-term range. Stocks have been flat for most of 2015.

Fedwatch link
 for rate hike predictions= Sept. 55%
Option volatility VIX spikes to 15.66.

This week to watch on economic calendar:

Thursday = Jobless claims and the Philly Fed Business Outlook.
Friday – PMI Manufacturing

 

MARKETS
(click on symbol for chart)
SPX –  Bear
DOW–  Bear
Nasd –  Bear
Russ –  Bear

VIX –  15.66

 

SECTORS – trend on daily chart (click symbol for chart)

Materials (XLB) Bear
Energy (XLE)    Bear
Financials (XLF)Bear
Industrials (XLI)Bear
Technology (XLK) Bear
Staples (XLP) –   Bull
Utilities (XLU) –  Bull
Healthcare (XLV)  Bear
Discretionary (XLY) –  Bear
Mining (XME) –    Bear
Real Estate (IYR) –  Bull 
Retail (RTH) –    Neutral
Transports (IYT) – Neutral

Oil (USO)Bear
Ag (DBA)Bear
GLD –   Bull
SLV –    Bull

WORLD WATCH
VEU – world markets – USA companies – BEAR
EEM – global emerging markets- BEAR big time

THE DOLLAR
UUP – USD weighted ETF – Bearish

COACHES TRADING THOUGHTS

 

Bearish action in Stocks, Commodities, and Currency today. Not a lot of carry through after the initial selling. Watch for the range to hold and support to play a role on the neutral sectors and Indices soon. A break on the S&P500 would be a strong sell signal on stock prices in general. Oil was a major player today, selling sharply. Gold continues to be a short term safety net and rallied on the news.

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis.  This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise.  Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products.  By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials.  In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

 

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

 

One Reply to “Market Recap: August 19 2015”

  1. Avatar DELBERTSTAVINOHA says:

    Nice report

Comments are closed.

Chart Modal

Tackle Trading