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Forex

MarketsNow - Daily Update


MarketsNow is a research tool that provides news, commentary, trending indicators, live charts and an exchange rate calculator focused on the world's major currencies and commodities. Every trading day, we publish daily updates summarizing recent developments for currencies and commodities that we cover. From time to time, we also publish proprietary research into topics such as fiscal and macroeconomic policy, speculator sentiment and economic data. The service is geared towards helping traders gain a better understanding of currencies and commodities based on a transparent process. Check us out at https://www.marketsnow.com

This article is from MarketsNow and is being posted with MarketsNow’s permission. The information provided in this article is from MarketNow and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


18037




Technical Analysis

Nasdaq - Technical Take


Markets are taking a breather today after what is shaping up to be a solid month.  The Dow Jones Industrials is now the only major index not in positive territory YTD. Underneath the hood technology and energy have been the top performing sectors both this month and YTD. Technology was last year’s top performing sector with a gain of 39% and is currently up 9.2% YTD. Energy is rebounding from a (1%) decline in 2017 which extend into the start of 2018 with a Q1 decline 6.6%.  However Q2 has seen a sharp reversal higher and the S&P 500 energy index is up 15.2% QTD which brought it back into the green with a YTD gain of 7.6%. The energy index is now at a key inflection point as it now testing the ~5754 resistance line which marks the highs for the index since recovering from the crash in 2014 – 2015. It reaches this expected level of overhead supply with a daily RSI already at an extended 72 reading, and the weekly RSI, 67, not far from being overbought itself. Over the near to intermediate term the sector seems overdue for some backing and filling in order to work off overbought momentum readings and regroup for a potential breakout of resistance.

 

Nasdaq's Market Intelligence Desk (MID) Team includes: 

Michael Sokoll, CFA is a Senior Managing Director on the Market Intelligence Desk (MID) at Nasdaq with over 25 years of equity market experience. In this role, he manages a team of professionals responsible for providing NASDAQ-listed companies with real-time trading analysis and objective market information.

Jeffrey LaRocque is a Director on the Market Intelligence Desk (MID) at Nasdaq, covering U.S. equities with over 10 years of experience having learned market structure while working on institutional trading desks and as a stock surveillance analyst. Jeff's diverse professional knowledge includes IPOs, Technical Analysis and Options Trading.

Steven Brown is a Managing Director on the Market Intelligence Desk (MID) at Nasdaq with over twenty years of experience in equities. With a focus on client retention he currently covers the Financial, Energy and Media sectors.

Christopher Dearborn is a Managing Director on the Market Intelligence Desk (MID) at Nasdaq. Chris has over two decades of equity market experience including floor and screen based trading, corporate access, IPOs and asset allocation. Chris is responsible for providing timely, accurate and objective market and trading-related information to Nasdaq-listed companies.

Brian Joyce, CMT has 16 years of trading desk experience. Prior to joining Nasdaq Brian executed equity orders and provided trading ideas to institutional clients. He also contributed technical analysis to a fundamental research offering. Brian focuses on helping Nasdaq’s Financial, Healthcare and Airline companies among others understand the trading in their stock. Brian is a Chartered Market Technician.

This article is from Nasdaq and is being posted with Nasdaq’s permission. The views expressed in this article are solely those of the author and/or Nasdaq and IB is not endorsing or recommending any investment or trading discussed in the article. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


18035




Stocks

Nasdaq Market Intelligence Desk - Equity Market Insight May 18, 2018


As of 10:36 AM EDT:

NASDAQ Composite -0.38% Dow -0.06% S&P 500 -0.28% Russell 2000 +0.05%

NASDAQ Advancers: 1034 Decliners: 1107

Today’s Volume (100 day avg) -1.4%

 

The markets opened quietly this morning with the major indices little changed.  The R2K index is fractionally higher and that is enough to keep it in record territory.  That index is up about 6% YTD, in line with the Nasdaq Composite and well ahead of the SPX and Dow.  Looking at the sectors, three are in the green led by Industrials (+0.3%) while Consumer Staples (-0.9%) and Energy (-0.8%) rank last.  News flow is light and though there has been a good but of back and forth on NAFTA and trade with China, nothing specific has emerged.  Trading volumes have been a little soft this week and that may continue next week given a tame economic calendar and earnings season winding down.  Treasury yields are holding steady, the dollar index advances 0.3% while gold and crude oil are flat.

 

  • Exchange Traded Funds that focus on commodities has net outflows during the past week as investors turned cautious on the space. Outflows for ETF’s that invest in precious metals increased while funds that focused on energy assets also had losses. Outflows from commodity ETF’s totaled $267 million in the w/e 5/17 compared to deposits of $108 million the previous period. Precious metal funds had outflows of $342 million vs losses of $107 million the week before. Finally, Energy funds had outflows of $80.5 million compared with inflows of $25.1 million the week before.

 

  • Smoking Elmos coming to a corner by you. New York City Comptroller, Scott Stringer issued a report this week on estimated tax revenues from the legalization of marijuana in New York. Estimated annual tax revenue could top $435 million annually for New York State, while New York City’s cut would be about $336 million. In 2012, NYC Comptroller’s office estimated that the NYC annual marijuana market is worth $1.65 billion. Mr. said Stringer. "This is a new revenue stream... This is going to impact the kinds of resources we'll have to invest in education, to invest in healthcare." Currently, legislation to legalize marijuana use throughout New York is pending in Albany.

 

  • In company news Campbell Soup (-11%) trades lower amid limp earnings and CEO departure, and that weighs heavily on the Consumer Staples sector.  Nordstrom (-9.6%) wrinkles on tepid same-store compsApplied Materials (-9%) short circuits on soft revenue guidance and a downgrade.  AMD (+2.3%) advances as the top performer in the SOX Index on an outperform rating and potential for market share gains.  Deere (+5.3%) gains on a strong FY18 outlook and sprints to the top rank in the industrial sector.

 

Nasdaq's Market Intelligence Desk (MID) Team includes: 

Michael Sokoll, CFA is a Senior Managing Director on the Market Intelligence Desk (MID) at Nasdaq with over 25 years of equity market experience. In this role, he manages a team of professionals responsible for providing NASDAQ-listed companies with real-time trading analysis and objective market information.

Jeffrey LaRocque is a Director on the Market Intelligence Desk (MID) at Nasdaq, covering U.S. equities with over 10 years of experience having learned market structure while working on institutional trading desks and as a stock surveillance analyst. Jeff's diverse professional knowledge includes IPOs, Technical Analysis and Options Trading.

Steven Brown is a Managing Director on the Market Intelligence Desk (MID) at Nasdaq with over twenty years of experience in equities. With a focus on client retention he currently covers the Financial, Energy and Media sectors.

Christopher Dearborn is a Managing Director on the Market Intelligence Desk (MID) at Nasdaq. Chris has over two decades of equity market experience including floor and screen based trading, corporate access, IPOs and asset allocation. Chris is responsible for providing timely, accurate and objective market and trading-related information to Nasdaq-listed companies.

Brian Joyce, CMT has 16 years of trading desk experience. Prior to joining Nasdaq Brian executed equity orders and provided trading ideas to institutional clients. He also contributed technical analysis to a fundamental research offering. Brian focuses on helping Nasdaq’s Financial, Healthcare and Airline companies among others understand the trading in their stock. Brian is a Chartered Market Technician.

This article is from Nasdaq and is being posted with Nasdaq’s permission. The views expressed in this article are solely those of the author and/or Nasdaq and IB is not endorsing or recommending any investment or trading discussed in the article. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


18034




Futures

Blue Line Futures - Midday Market Minute


Bill Baruch shares what he is looking at in the last trading day of the week.

Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Visit our website at www.bluelinefutures.com to open an account and stay up to date with our research.

Bill Baruch is President and founder of Blue Line Futures. Bill has more than a decade of trading experience. Working with clients he focuses on developing trading strategies that present a clear objective for both long and short-term trading approaches. He believes that in order to properly execute a trading strategy, there must be a well-balanced approach to risk and reward.

Prior to Blue Line, Bill was the Chief Market Strategist at iiTRADER which followed running a trade desk at Lind Waldock and MF Global.

Bill is a featured expert on CNBC, Bloomberg and the Wall Street Journal as well as other top tier publications. 

Blue Line Futures is a leading futures and commodities brokerage firm located at the Chicago Board of Trade. We work with clients that range from institutional to professional to novice and from self-directed to broker-assisted. No matter what type of trader you are, our mission is simple; to put the client first. This means bringing YOU strong customer service, consistent and reliable research and state of the art technology. 

This video is from Blue Line Futures and is being posted with Blue Line Futures’ permission. The views expressed in this video are solely those of the author and/or Blue Line Futures and IB is not endorsing or recommending any investment or trading discussed in the video. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


18036




Stocks

Interactive Brokers - JC Penney Faces Financial Headwinds as Strategy Changes Unfold


The analysis in this video is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


18018




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