Category: Market Watch

US stocks closed mixed on the week following news driven markets brought upon through Washington. The NASDAQ 100 continued to lead the way higher with the Dow showing strong downside closing well into the red on the week. On the other hand, the S&P500 closed near breakeven as the lack of correlation between markets continue. As the correlation breaks down, the moves in stocks are expected to be muted. With the lack of in sync moves taking place, equities have stutter stepped for the past few weeks. The divergent situation is even stronger in Europe where the FTSE closed down 90 basis points of a percent on the week, and the Frankfurt DAX closed up nearly 0.70%. As this lack of direction continues across global markets, equities will trade in tight ranges with little conviction in either direction. The chop trade also carried across into the metals market where gold … Continue reading Recap: Week Ending October 4, 2013

US stocks finished lower on the week following hitting all time highs in weeks prior. All three major indices closed in the red, with the S&P 500 opening Monday on its high of the week and falling from there. A similar story was seen in the Dow Jones Industrials, where selling started early in the week, and continued pushing the index to close for the week near its lows. Meanwhile, the NASDAQ 100 Index barely slipped into the red on the week following a weak push to the upside. Despite downside seen in both the Dow and S&P, the NASDAQ appears to be resilient continuing to push further up. It appears that the lack of correlation between US equities is muting any move to the upside. The Toronto Stock Exchange, TSX, closed slightly in the positive on the week. The lack of movement in the TSX this week comes after … Continue reading Recap: Week Ending September 27, 2013

US equity markets rocketed to new highs this week following news out the US Federal Reserve on Wednesday that the current level of bond buying will remain constant until further notice. Following the news from the FED both the Dow Jones Industrials and S&P 500 hit all new time highs with the Dow peaking at 15,709 and the S&P topping out at 1,709. Global equity markets rallied on the news with both London and German markets closing in the green for the week. The news from the FED comes after months of rumors and possible hints from FED Chairman Ben Bernanke that the current $85B a month bond buying quantitative easing program may slow in September. During the course of the summer, US equities flip flopped in both directions unsure about the direction and further and intentions of the Federal Reserve. Both investors and traders are breathing a sigh of … Continue reading Recap: Week Ending September 20, 2013

Equities broke into the second week of September with gains which have not been seen for weeks. This past week the Dow Jones Industrials clocked in the largest gain, rising for a total of over 3%. Other US equities stayed positive, but did not fair as well with the S&P 500 rising 1.879% and the NASDAQ 100 moving 1.025% to the upside. Many believe that the pop in stocks was mainly brought upon by major indices entering oversold levels, which incurred from the August sell off. Out of the three major US equity indexes, the Dow Jones fell the hardest in August and took the longest to rebound. With this being said, all indexes appear to be on the same level after the Dow’s major rally this past week. Meanwhile, in Canada the TSX lagged this past week following major commodity market moving news. The TSX, which has a strong … Continue reading Recap: Week Ending September 13, 2013

New MBA trading courses at the HIDC New Undergraduate trading courses at the GTF Despite global equities falling throughout the month of August, the final week of summer proved to be positive for stocks. The strongest gains on the week were seen on the Nikkei where the 225 rallied over 3.146%. The rally in Japanese’s equities started off from a push lower in the Yen vs the US dollar. The Yen became weaker as the week went on as the Bank of Japan (BoJ) decided to keep interest rates low at 0.1%, attempting to continue to devalue their currency. European equities also rose on the week with both the German DAX index and London FTSE recovering from the previous week’s poor performance. Meanwhile on the TSX stocks saw their lowest volumes in over 2 months with the TSX Composite Index closing slightly positive on the week. Throughout the past week, … Continue reading Recap: Week Ending September 6, 2013

New MBA trading courses at the HIDC New Undergraduate trading courses at the GTF This past week global equity markets continued to sell off with the bulk of downside activity being seen in Europe, in particular Germany. As markets continue to move in sync the directional energy builds, pushing the market lower. The inverse correlation between US equities and the US Dollar index is strong with the index closing well into the green to mark a second week of gains. The US Treasury bond also holds a strong inverse relationship with US equities and is seen as the save haven when equities turn sour. The 30 year has fall substantially since March, however, in the past two week has gained momentum to the upside and has closed positive on both occasions. If this inverse correlation in the 30 year along the US Dollar Index continues, US markets could see much … Continue reading Recap: Week Ending August 30, 2013