Hello MarketClub members everywhere. As expected the stock market is headed higher today after yesterday's sell-off. However, trading volume is decidedly low heading into the long 4th of July weekend.
Let’s take a look at where the markets stand and where they are finishing up the 2nd quarter of 2017.
Key levels to watch next week: Continue reading "Wrapping Up The Second Quarter Of 2017"
Hello MarketClub members everywhere. The drop by the U.S. Dollar today has helped to pull crude oil off of its 10-month lows producing two straight days of gains heading into the weekend.
Overall, U.S. stocks have been little changed this week, with the Dow and S&P flat in the period. Meanwhile, the NASDAQ is on track to post a weekly gain of almost 2% after two weeks of losses.
Key levels to watch next week: Continue reading "Oil Stabilizes As The Dollar Falls"
Hello MarketClub members everywhere. I expected the market to react in a positive light when it was announced that Amazon.com Inc. (NASDAQ:AMZN) would buy Whole Foods Market Inc. (NASDAQ:WFM) for 13.6 Billion dollars. However, that was not the case.
The likes of Wal-Mart Stores Inc. (NYSE:WMT), The Kroger Co. (NYSE:KR), Sprouts Farmers Market Inc. (NASDAQ:SFM), and so on are down significantly on the day. Which of course is putting pressure on the overall market. What do you think about the announcement?
Crude Oil is up on the day, but it's still 2.5% lower for the week. That would be its longest run of weekly losses since August of 2015. This comes as OPEC member Libya restored production and the surplus in the U.S. shows little sign of abating.
Key levels to watch next week: Continue reading "Amazon Makes A Bold Move"
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