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To: Sweet Ol who wrote (83493)6/18/2019 9:24:55 PM
From: Sr K
   of 85465
 
The first is the prior day's list, the second shows the count and the most recent day's list.

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To: Sr K who wrote (83494)6/18/2019 9:56:24 PM
From: Sweet Ol
1 Recommendation   of 85465
 
List of what?

Blessings,

SOJ

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From: Sam6/19/2019 5:18:57 AM
   of 85465
 
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 .

cnbc.com

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To: Sweet Ol who wrote (83493)6/19/2019 12:25:16 PM
From: Return to Sender
2 Recommendations   of 85465
 
The columns represent Point and Figure buy signals for the Nasdaq 100. Here is an explanation from StockCharts.com 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.



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From: Sam6/19/2019 2:07:58 PM
1 Recommendation   of 85465
 
Fed Scraps `Patient' Rate Approach in Prelude to Potential Cut By
Craig Torres
June 19, 2019 2:00 PM
bloomberg.com

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


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To: Return to Sender who wrote (83497)6/19/2019 2:50:38 PM
From: Sweet Ol
1 Recommendation   of 85465
 
Thanks for the explanation.

Blessings,

SOJ

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To: Sweet Ol who wrote (83499)6/19/2019 4:22:44 PM
From: Return to Sender
3 Recommendations   of 85465
 
BPNDX rises 3 to 69 - [ADBE BKNG CDNS] - Approaching overbought territory on the number of buy signals here but the market can get both overbought or oversold for extended periods of time regardless.

69
Wed
Jun 19

Tues Wed
AAPL AAPL
ADI ADBE
ADP ADI
AMAT ADP
AMD AMAT
AMGN AMD
AMZN AMGN
BMRN AMZN
CELG BKNG
CERN BMRN
CHKP CDNS
CHTR CELG
CMCSA CERN
COST CHKP
CSCO CHTR
CSX CMCSA
CTAS COST
CTSH CSCO
DLTR CSX
EA CTAS
EBAY CTSH
FAST DLTR
FB EA
FISV EBAY
GILD FAST
GOOGL FB
HAS FISV
HSIC GILD
IDXX GOOGL
ILMN HAS
INCY HSIC
INTU IDXX
ISRG ILMN
LBTYA INCY
LRCX INTU
LULU ISRG
MAR LBTYA
MDLZ LRCX
MELI LULU
MNST MAR
MSFT MDLZ
MXIM MELI
NFLX MNST
NTAP MSFT
NVDA MXIM
ORLY NFLX
PAYX NTAP
PCAR NVDA
PEP ORLY
PYPL PAYX
REGN PCAR
ROST PEP
SBUX PYPL
SIRI REGN
SNPS ROST
SWKS SBUX
TMUS SIRI
TSLA SNPS
TTWO SWKS
ULTA TMUS
VRSK TSLA
VRSN TTWO
VRTX ULTA
WLTW VRSK
XLNX VRSN
XRAY VRTX

WLTW

XLNX

XRAY

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To: Return to Sender who wrote (83490)6/19/2019 4:33:26 PM
From: Return to Sender
2 Recommendations   of 85465
 
BPSOX unchanged at 14 PnF buy signals out of a possible 30 or in the case of the data StockCharts is providing still only 29 symbols.

14
Wed
Jun 19

Symbol
ADI
AMAT
AMD
CY
LRCX
MLNX
MRVL
MXIM
NVDA
SLAB
SWKS
TER
TSM
XLNX

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To: Return to Sender who wrote (83501)6/19/2019 5:00:42 PM
From: Return to Sender
4 Recommendations   of 85465
 
10 New 52 Week Highs on the NDX - No New 52 Week Lows for Wednesday June 19, 2019

New Highs
ADBE
CDNS
CELG
EBAY
IDXX
LULU
MELI
MSFT
SNPS
XRAY

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To: Return to Sender who wrote (83502)6/19/2019 5:03:03 PM
From: Return to Sender
1 Recommendation   of 85465
 
Stocks push higher after Fed rate decision
19-Jun-19 16:20 ET
Dow +38.46 at 26504.00, Nasdaq +33.44 at 7987.31, S&P +8.71 at 2926.46

briefing.com

[BRIEFING.COM] The stock market finished with modest gains on Wednesday after the Fed kept rates unchanged and indicated it was more open to lower rates in upcoming meetings. The 0.3% gain in the S&P 500 left the benchmark index less than 1.0% from its record close.

The Dow Jones Industrial Average increased 0.2%, the Nasdaq Composite increased 0.4%, and the Russell 2000 increased 0.4%.

The FOMC's policy directive came in largely as expected. The fed funds rate was unchanged, the word "patient" was removed, and the directive noted that the Fed will act as appropriate to sustain the economic expansion amid increased uncertainties to the outlook. St. Louis Fed President James Bullard was the lone dissident among voting members, preferring to lower the fed funds rate by 25 basis points.

The Fed's updated dot plot showed a divided stance in policy for the remainder of the year, but it did show the Fed is leaning toward a rate cut in 2020. Eight voting members indicated they were in favor of a rate cut in 2019, while eight preferred to keep rates unchanged. One member forecast a rate hike. Nevertheless, the fed funds futures market now sees a 100% implied likelihood of a rate cut in July.

The major averages barely budged from their flat lines prior to the rate decision and wavered with modest gains afterwards. Most S&P 500 sectors finished higher, led by the defensive-oriented health care (+1.0%), utilities (+0.8%), and real estate (+0.7%) sectors. The materials (-0.5%), energy (-0.2%), and financials (-0.2%) sectors underperformed.

U.S. Treasury yields fell sharply after the release of the directive and took a leg lower during Fed Chair Powell's follow-up press conference.

The fed funds-sensitive 2-yr yield dropped nine basis points to 1.75% after touching 1.90% at its high. The benchmark 10-yr yield declined three basis points to 2.03% after touching 2.10% at its high. The U.S. Dollar Index declined 0.4% to 97.25. WTI crude declined 0.3% to $53.99/bbl.

In corporate news, Adobe Systems (ADBE 291.21, +14.43, +5.2%) reported upbeat earnings results, helping investors overlook its downside Q3 guidance. U.S. Steel (X 15.17, +0.59, +4.1%) lowered its Q2 EPS guidance due to softening end market demand, but shares pushed higher as investors presumably viewed the news as already being priced in.

Separately, the weekly MBA Mortgage Applications, which was Wednesday's lone economic report, declined 3.4% following a 26.8% surge in the prior week.

Looking ahead, investors will receive the following reports on Thursday: weekly Initial and Continuing Claims, the Current Account Balance for the first quarter, the Philadelphia Fed Index for June, and the Conference Board's Leading Economic Index for May.

  • Nasdaq Composite +20.4% YTD
  • S&P 500 +16.7% YTD
  • Russell 2000 +15.4% YTD
  • Dow Jones Industrial Average +13.6% YTD

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