We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksSemi Equipment Analysis

Previous 10 Next 10 
To: Return to Sender who wrote (83486)6/18/2019 4:09:12 PM
From: Return to Sender
2 Recommendations   of 85667
BPSOX rises 1 to 14 - [NVDA added]

Jun 18

Symbol Symbol


Share RecommendKeepReplyMark as Last ReadRead Replies (2)

To: Return to Sender who wrote (83490)6/18/2019 4:42:14 PM
From: Return to Sender
2 Recommendations   of 85667
13 New 52 Week Highs on the NDX - No New 52 Week Lows for Tuesday June 18, 2019

New Highs

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Return to Sender who wrote (83491)6/18/2019 4:43:43 PM
From: Return to Sender
   of 85667

Stocks rally on trade optimism, dovish expectations
18-Jun-19 16:20 ET
Dow +353.01 at 26465.54, Nasdaq +108.86 at 7953.87, S&P +28.08 at 2917.75

[BRIEFING.COM] The stock market rallied on Tuesday, boosted by U.S.-China trade optimism and dovish comments out of the European Central Bank (ECB). Each of the major indices advanced between 1.0% (S&P 500) and 1.4% (Nasdaq Composite).

The advance began overnight after ECB President Mario Draghi said the central bank is willing to provide additional stimulus if economic conditions don't improve and inflation remains low. Sovereign bond yields fell on the news, sending Germany's 10-yr bund yield to a fresh record low at -0.32%, while U.S. equity futures pushed higher.

U.S. stocks took a leg higher minutes after the opening bell after President Trump updated the market with U.S.-China trade news. Specifically, the president tweeted that the U.S. will resume trade talks with Beijing before the G-20 summit and that he will have an extended meeting at G-20 with President Xi.

Increased hopes for a trade deal contributed to an 4.6% gain in the price of oil ($54.16/bbl, +$2.40) and to the outperformance of the S&P 500 cyclical sectors. The industrials (+1.9%), information technology (+1.7%), energy (+1.4%), and financials (+1.3%) sectors finished with gains above 1.0%.

Apple (AAPL 198.45, +4.56, +2.4%) and the semiconductor space, both of which are highly sensitive to U.S.-China trade relations, also outperformed the broader market. The Philadelphia Semiconductor Index climbed 4.3%. Conversely, the defensive-oriented consumer staples (-0.6%), real estate (-0.3%), and utilities (-0.3%) sectors were the lone sectors that finished lower.

The Fed will presumably keep a watchful eye as to how trade talks unfold in front of its July meeting. In the meantime, its two-day policy meeting wraps up tomorrow with a rate decision due in the afternoon. While no rate cut is expected, the market has high expectations for the Fed to take a dovish-minded stance like its European counterpart in its policy directive.

U.S. Treasuries spent a bulk of intraday action pulling back from session highs, leaving yields slightly lower. The 2-yr yield declined one basis point to 1.84%, and the 10-yr yield declined three basis points to 2.06%. The U.S. Dollar Index increased 0.1% to 97.62.

Separately, Facebook (FB 188.47, -0.54, -0.3%) released the white paper for its cryptocurrency project. The stock popped to a 2.9% gain at the open, but quickly retreated and finished in negative territory, as the stock had already climbed over 15% since June 3 prior to the session.

Reviewing Tuesday's economic lone economic report, Housing Starts and Building Permits for May:

  • Housing starts dipped 0.9% m/m in May to a seasonally adjusted annual rate of 1.269 million ( consensus 1.240 million) from an upwardly revised 1.281 million (from 1.235 million) in April. Permits increased 0.3% m/m in May to a seasonally adjusted annual rate of 1.294 million ( consensus 1.295 million) from an upwardly revised 1.290 million (from 1.269 million) in April.
    • The key takeaway from the report was that the number of units under construction at the end of the period held at a seasonally adjusted annual rate of 1.131 million for the third straight month. That left the second quarter average 1.5% below the first quarter average, which will be a negative input for Q2 GDP forecasts.
Looking ahead, investors will receive the FOMC's Rate Decision and the weekly MBA Mortgage Applications Index on Wednesday.

  • Nasdaq Composite +19.9% YTD
  • S&P 500 +16.4% YTD
  • Russell 2000 +15.0% YTD
  • Dow Jones Industrial Average +13.5% YTD

Share RecommendKeepReplyMark as Last Read

To: Return to Sender who wrote (83489)6/18/2019 6:15:45 PM
From: Sweet Ol
   of 85667
I am curious. What is the meaning of those 2 columns of stock symbols?



Share RecommendKeepReplyMark as Last ReadRead Replies (2)

To: Sweet Ol who wrote (83493)6/18/2019 9:24:55 PM
From: Sr K
   of 85667
The first is the prior day's list, the second shows the count and the most recent day's list.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Sr K who wrote (83494)6/18/2019 9:56:24 PM
From: Sweet Ol
1 Recommendation   of 85667
List of what?



Share RecommendKeepReplyMark as Last Read

From: Sam6/19/2019 5:18:57 AM
   of 85667
Carlyle’s Rubenstein: I’ve spoken to US and Chinese officials and I see a trade
deal by year-end
Published Tue, Jun 18 2019 7:45 AM EDT Updated Tue, Jun 18 2019 9:48 AM EDT
Matthew J. Belvedere @Matt_Belvedere

Key Points

  • “I do think there will be a resolution before the end of the year” in the U.S.-China trade war, says private equity billionaire David Rubenstein.
  • Rubenstein says he’s spoken to U.S. and Chinese officials. “My view is both sides want a deal.”
  • He predicts that President Trump and Chinese President Xi Jinping will meet at this month’s G-20 summit .

Share RecommendKeepReplyMark as Last Read

To: Sweet Ol who wrote (83493)6/19/2019 12:25:16 PM
From: Return to Sender
2 Recommendations   of 85667
The columns represent Point and Figure buy signals for the Nasdaq 100. Here is an explanation from where I get the data. It's also where Gottfried got the data before he stopped sharing here:

Point & Figure Buy Signal
Initiated when a column of X's goes higher than the previous column of X's. The signal remains in effect until a P&F Sell Signal occurs. This very simple pattern is used to calculate the various Bullish Percent Indexes.

Here is a long term chart of BPNDX of mine. Note that readings over 70 are considered overbought while readings under 30 are considered oversold. There is a lot more information on this chart than just that but that is the basic premise for following Point and Figure buy signals on any index.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

From: Sam6/19/2019 2:07:58 PM
1 Recommendation   of 85667
Fed Scraps `Patient' Rate Approach in Prelude to Potential Cut By
Craig Torres
June 19, 2019 2:00 PM

The Federal Reserve indicated a readiness to cut interest rates for the first time in more than a decade to sustain a near-record U.S. economic expansion, citing “uncertainties” in their outlook.

While Chairman Jerome Powell and fellow policy makers left their key rate in a range of 2.25% to 2.5% on Wednesday, they dropped a reference in their statement to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year.

Read More: Bloomberg's TOPLive blog on the FOMC decision

While inflation near the goal and a strong labor market are the most likely outcomes, “uncertainties about this outlook have increased,’’ the Federal Open Market Committee said in the statement following a two-day meeting in Washington. “In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion.”

The FOMC vote was not unanimous, with St. Louis Fed President James Bullard dissenting in favor of a quarter-point rate cut. His vote marked the first dissent of Powell's tenure as chairman.

Policy makers were starkly divided on the path for policy. Eight of 17 pencilled in a reduction by the end of the year as another eight saw no change and one forecast a hike, according to updated quarterly forecasts.

In the statement, officials downgraded their assessment of economic activity to a “moderate” rate from “solid” at their last gathering.

The pivot toward easier monetary policy shows the Fed swinging closer to the view of most investors that President Donald Trump’s trade war is slowing the economy’s momentum and that rates are too restrictive given sluggish inflation.

The change in tone follows attacks on the Fed by Trump for not doing more to bolster the economy and Tuesday’s report by Bloomberg News that the president asked White House lawyers earlier this year to explore his options for demoting Powell from the chairmanship.

That risks casting a political shadow over whatever policy decision the Fed makes, though Powell and his colleagues say they're focusing only on the economic goals Congress gave them.

Officials noted that “growth of household spending appears to have picked up from earlier in the year” and that indicators of business fixed investment “have been soft.” They repeated that the labor market “remains strong.”

Investors have been betting the Fed will reduce rates at its next meeting in late July, though a majority of economists surveyed earlier this month don't expect a move until December. Yields on 10-year Treasuries have fallen to the lowest since 2017. The hope of fresh stimulus has sent U.S. stocks to near a record.

Recent U.S. economic data have been mixed. Consumer spending held up in May but job gains were disappointing, and some gauges of business sentiment have cooled on uncertainty around the outlook for trade. The Fed remains bedevilled by inflation continuing to undershoot the central bank's 2% target despite unemployment being at a 49-year low.

Central bankers are likely hoping for greater clarity over Trump’s trade war with China. Stocks jumped on Tuesday after the president said he would meet Chinese leader Xi Jinping at next week’s Group of 20 summit in Japan.

The Fed, which raised interest rates four times last year and as recently as December projected further hikes in 2019, isn't alone in shifting tack. European Central Bank President Mario Draghi on Tuesday paved the way for a rate cut, and central banks in Australia, India and Russia have lowered borrowing costs this month.

Get More
The median projection for 2019 GDP growth was unchanged at 2.1% and revised up by a tenth of a point to 2% in 2020. The 2021 estimate was held at 1.8%.
The median unemployment rate forecasts 2019-21 were all lowered by a tenth of a point. Officials see 3.6% this year rising to 3.7% next year and 3.8% in 2021.
Officials see the jobless rate most consistent with full employment in the long run at 4.2%, versus 4.3% in March.
Officials cut estimates for their preferred inflation gauge. The personal consumption expenditures price index is expected to increase just 1.5% in 2019, down from a 1.8% projection in March. By 2020, the main and core gauges are both projected to rise 1.9%, below the target.
— With assistance by Chris Middleton

Share RecommendKeepReplyMark as Last Read

To: Return to Sender who wrote (83497)6/19/2019 2:50:38 PM
From: Sweet Ol
1 Recommendation   of 85667
Thanks for the explanation.



Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10