The US stock market

[ilearn2t]

Hello Everyone

Yesterday we ended in the "Red" after the Fed's Bank of Philadelphia President Charles Plosser said the central bank's current taper pace could be too slow if the economy improves as forecast.

Hopefully the FOMC Meeting Minutes (7:00pm BST) can be more hawkish than expected for the "Buyers", with the "Bond" traders being more sensitive to the release of the report.

Close of trading:

The Dow Jones Global Indexes: 16374.31 -137.55 (-0.83%)

Nasdaq Composite Index: 4096.89 -28.92 (-0.70%)

The S&P 500 Index: 1872.83 -12.25 (-0.65%)


For the second day running "Gold" finished slightly up on 1293.91

Current price: 1292.40

Good luck
ilearn2t

 

[caplas]

Is there a break or something? Please, continue reporting

 

[ilearn2t]

Hello caplas

All three "markets" continued on the up-side for the fourth day running, with no Economic reports today the odds for more records being broken favor the brave among us, as the "buyers" continue to break the old "Sell in May and go away" theory.


Close of trading:

The Dow Jones Global Indexes: 16675.50 +69.23 (+0.42%)

Nasdaq Composite Index: 4237.07 +51.26 (+1.22%)

The S&P 500 Index: 1911.91 +11.38 (+0.60%)


Gold hit a new "Low" 1264.20 yesterday (Daily) last seen around 10/Feb/14 as the world's leading gold-mining country China saw its imports from main conduit Hong Kong drop to a 14-month low of 67.040 tonnes in April, from 85.128 tonnes in March. Hopefully a new month (June) will bring a little sparkle back to the "Buyers" eyes.

Current price: 1264.52

Good luck
Liz

 

[caplas]

Thank you, Liz, I've been reading this thread for quite some time and I'd hate to see it cease

 

[ilearn2t]

Hello Everyone

Wednesdays "stocks" fell, ending their four day rally, despite the S&P 500 posting a new 1,914.46 record high.

Thursdays Unemployment Claims - Prelim GDP q/q - Prelim GDP Price Index q/q all forecasting different results and all at 1.30pm (BST) can swing the "markets" before the Pending Home Sales m/m is announced at 3.00pm (BST). A strong reading lately suggest that the housing market will continue to support growth in the US economy. Pending home sales are expected to rise further by 1.1%.

Close of trading:

The Dow Jones Global Indexes: 16633.18 -42.32 (-0.25%)

The S&P 500 Index: 1909.78 -2.13 (-0.11%)

Nasdaq Composite Index: 4225.07 -0.28% (-0.28%)

Gold continues its end of month slide to its current price 1257.82 last seen around the 7th February 2014.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

As suspected the "markets" hold firm after the 1.30pm results return a mixture of good & bad.

The S&P 500 looks set to open at or around a new record high (whats new now-a-days )

Looking for a good "Forecast" at 3.00pm (BST) Pending Home Sales m/m.

Gold could finish this month off were it started February around the 1240 - 50 mark, hopefully signaling a new upward surge.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Pending home sales rose 0.4% in April, not as good as I would have liked but still up for the second month in a row.

Early reactions from S&P 500 shows up.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

S&P 500 breaks 1920 range a few minutes before "Close" to set yet more records.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Thursday saw all three "markets" back in the "Green" as the last day of this months trading will see 7 minor reports, usually not big game players, best of the bunch for me, is the two "Personal Income m/m" and "Personal Spending m/m" both due at 1.30pm (BST), usually one should feed of the other, so low income = low spending or high income = high spending. So be interesting to see how the "markets" move if both light up the same colour.

Close of trading:

The Dow Jones Global Indexes: 16698.74 +65.56 (+0.39%)

Nasdaq Composite Index: 4247.95 +22.87 (+0.54%)

The S&P 500 Index: 1920.03 +10.25 (+0.54%)

Gold continued not to disappoint myself at it "Close" 1255.20 as we look for the 1240 - 50 mark today.

Current price: 1254.19

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Friday show a mixed day on the "markets" with Nasdaq closing in the "red" while the Dow & S&P 500 closing in the ""Green" with the latter hitting new records.

Monday could get the markets moving again with the Manufacturing index (3:00pm BST) expected to have made another gain in May for the 4th monthly gain in a row.


Close of trading:

The Dow Jones Global Indexes: 16717.17 +18.43 (+0.11%)

Nasdaq Composite Index: 4242.62 -5.33 (-0.13%)

The S&P 500 Index: 1923.57 +3.54 (+0.18%)


Gold ended the month 1249.13. looking forward to seeing if this month will bring a little spring into its step upwards.

Good luck
ilearn2t