Random Walk Trading.com
Wednesday
April 29, 2015
Prepared by the good people at Random Walk, LLC.
Closing Prices From Yesterday
Closing Prices From Yesterday
FED MEETS TODAY
The awaited results come out at 2:00pm eastern
Below are the major stocks reporting earnings
1/3 of all S&P 500 stocks report this week
1–855–798–0008
Today’s Number(s)
Today’s Number(s)
Yesterday and Today
Yesterday
To sum it it ā a bit strange.
The market opened down a little, and within the first few minutes worked its way back to break-even in the S&P. Shortly after that the market started to fall. After the release of some economic numbers the bonds began to fall and took the Dow and E-minis with it. At the lows the SPX cash was down -$14.03 before bouncing relatively steady and fast. By the end of the day the Eminis closed up $7.25, the last $1.25 being after cash closed up almost $6.
BONDS
Bonds had a big drop of 1.36% which pushed rates up to the high end of the range.
TWTR
Twitter was suppose to release its earnings after the close until the numbers were leaked prior to the close. The stock fell from 51 and change to close down 2.99 while awaiting orders to come in to establish the new opening price. When the market finally reopened the stock opened at about $40 with the stock down over 20%.
AAPL
Apple opened up higher and quickly sold off to unchanged. The stock then fell down $3 net down on the day. Once the stock hit its lows the stock bounced to be up $0.50 on the day before falling $2.50 again. It was someone schizophrenic but in a tight range.
Politics
During the day rumors came out that Iran had seized a US cargo ship and over crew members. This of course turned out to be BS (like most rumors) as the ship was not an American ship.
TODAY
We have a lot of earnings in S&P stocks coming out today. In addition we have a plethora of economic numbers coming out. The most important part of today will be the Fed’s release of economic numbers.
The major concern I have today is a surprise by the Fed. I am not saying they will raise rates unexpectedly, but a word in their speech taken the wrong way could cause an avalanche of bond selling, which would wreck our market. We are at the high end of the interest rate range we have been stuck in for a long time. One spark through that could trigger stop loss selling in the bond market market which would cause a ripple effect through the stock market.
On an optimistic note.
Yesterday we saw the mini-Dow index, otherwise known as AAPL, sell off. We also saw bonds sell of dramatically. Yet the market struggled and fought ever minute to move higher. With all the negative indicators this market would normally have sold off at least 100 Dow points, but we closed up 72. We saw a surprise in TWTR knock the stock down 20%, but once it reopened the market rang up another 20 Dow points. This āfeelsā like it wants to go higher, but is not getting any help for all the prerequisites to a successful rally ā and yet it went up.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 ā RWT ā 0008 for more details.
Too True To Be Funny
If the protestors who are causing arson, looting, etc. want justice I suggest they light themselves on fire. Nothing would be more just than their homes being robbed while they are out looting.
Attorney Stuff
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