Investing.com Weekly Wrap-Up 18 October 2013
by Investing.com Staff, Investing.com
U.S. stocks gain on Fed expectations, earnings; Dow rises 0.18%
U.S. stocks rose on Friday after investors cheered better-than-expected earnings, while expectations for the Federal Reserve to continue stimulating the economy to
offset any damage inflicted on recovery the shutdown may have caused also boosted share prices.
At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.18%, the S&P 500 index rose 0.65%, while the Nasdaq Composite index rose 1.32%.
What We Read Today 18 October 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list reports on what a losing proposition managed futures funds are for investors and how profitable they are for providers........ and the last article is a report from John Mauldin about the discovery of the second largest oilfield in the world in Texas.
Market Commentary: Market Viagra Keeping Markets Up As New Highs Made
Closing Market Commentary For 10-18-2013
The DOW finally saw green today and the small caps are raging like a bull pushing upwards setting new highs along the way. The large caps are still testing previous highs with the exception of the SP500 that reached a new high earlier this afternoon but on relatively low volume. It descended somewhat on much higher volume signaling weakness.
That SP500 high, however, is still in the resistance 'zone' and hasn't broken out yet. Plus, the bullish up trend lines haven't been broken either, so it is more than possible to continue melting upwards in the near term. All of this bullishness is directly contributed the QE Infinity and someday this 'Market Viagra' isn't going to work any more.
Market Commentary: Markets Sea-Saw Consolidating For Next Move
Midday Market Commentary For 10-18-2013
Noontime rolled around and the averages are doing the sea-saw thing on low to moderate volume. Not enough volume to be testing the upper resistance so the markets must be consolidating.
Seriously, the numbers are not there for further advancement, but the 'Market Viagra' being supplied by the Feds every month is certainly have its effect providing support for an otherwise floundering economy.
Rail Week Ending 12 October 2013: Continued Growth Even with Government Shutdown
Econintersect: Week 41 of 2013 ending 12 October shows same week total rail traffic (from same week one year ago) improved according to data released by the Association of American Railroads (AAR). Railcar count was up, and intermodal count is up. Weekly overall data is up, and up even more ignoring coal and grain.
ATF Fights Cigarette Smuggling by Smuggling Cigarettes Themselves
The US ATF has been fighting cigarette smuggling by smuggling cigarettes. Agents buy smokes in low tax states like Virginia and sell them in high tax states like New York. The ATF is cashing in to cover expenses.
11 October 2013: ECRI's WLI Growth Lowest Since September 2012
ECRI's WLI Growth Index decline continued, but remains positive. A positive number predicts positive growth to come within the next six months. ECRI also released their coincident index this week.
Market Commentary: Markets Open Up Testing Upper Resistance
Opening Market Commentary For 10-18-2013
Markets opened up cautiously (+0.10%) after the premarkets were flat until the opening bell. Volume is low and the DOW has remained in the red but closer to the positive line. Small caps are pushing ahead at +0.85% which is bullish, but being so close to previous highs I would consider this a test of that resistance.
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The Essence of Low Risk Trading
Online Trading Academy Article of the Week
by Gabe Velazquez, Online Trading Academy
A common perception among the general retail investing and trading public is that in order to garner large profits you must take on big risk. So where does this view come from? Who perpetuates it? And is it necessarily true?
Terminal Velocity (25) 'The Final Curtain'
Written by Adam Whitehead, KeySignals.com
Terminal Velocity 'And Now the End Is Near' observed the onset of the next financial crisis crystallizing around the confusion emanating from the Federal Reserve. The Fed has created the tide of liquidity that has sustained the recovery in financial markets; and the recovery in the US Economy to a significantly lesser extent. Any uncertainty emanating from the Fed therefore ripples through the financial markets and the economy with greater amplitude.
Read more >>
USA Shutdown: The Laughing Stock of the World
by LEAP/Europe 2020, Leap2020.eu
It's one of those times when history accelerates. Whatever the outcome of the negotiations on the shutdown and debt ceiling, October 2013 is one of them. It's the deadlock too far which has opened the eyes of those who still support the United States. A leader is followed when he is believed, not when he is ridiculous.
China: GDP Growth Increases
Econintersect: The third quarter GDP report from China shows an increase to a
7.8% year-over-year rate. The second quarter was 7.5%. The 3Q reading was also higher than the first quarter growth of 7.7%. The sustainability of the growth rate above 7.5% is being questioned though. Data in recent days has shown slowing of growth in industrial production, retail sales and investment for the month of September. However, the data for the first three quarters seems to assure that China will meet its official target of producing growth for the year of at least 7.5%.
New Book by Frank Li
Econintersect:
GEI Weekly columnist Frank Li has published a new book with a diagnosis of what it will take to 'fix' the Republican Party in time to compete in the 2016 presidential election. He starts the introduction at Amazon.com with a statement indicating that he thinks the "
GOP is deeply in trouble". He further states that, as things stand now, the party is "
without any hope" for future presidential elections, at least for the "foreseeable future".
The book, "The GOP Bible for 2016", has been released as a Kindle E-book with a price of $4.99, free to borrow for Amazon Prime members. Click on the book image to access the book's page at Amazon.
Investing.com: Technical Analysis 17 October 2013
Investing.com Technical Analysis (as of Thu, 17 october 2013 05:00pm EDT)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and
currency pairs, based on market activity at the close of the 17 October 2013 U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.
Fed's Balance Sheet 16 October 2013: Record Growth Continues
Total Fed Balance Sheet
Fed's Balance Sheet is $3.769 trillion (up from the last week's record $3.715 trillion). The complete balance sheet data and graphical breakdown of the cumulative and weekly changes follows the "read more".
Read more >>
Government Agencies Scheduling Recovery From Shutdown
Econintersect: Gasoline prices were released this afternoon from the EIA, and the BLS has begun rescheduling data not released due to the shutdown, as well as rescheduling future releases.
Week Ending 14 October 2013: Just over a Cent Gasoline Price Decline
Econintersect: Gasoline prices fell an average of 1.1 cents nationwide this past week following last week's fall of 5.8 cents from the week before. Since September 2nd, gas prices have declined 24.8 cents.
Average prices by region and a breakdown by grade follow after the "Read more>>".
Infographic of the Day: Do You Know Who's Watching You?
Ever get the feeling you're being watched? Most people still don't have the slightest idea of the extent that their privacy has already been invaded. 170 million Facebook profiles are fully accessible to the public, Google is recording the entire world, and the NSA is monitoring almost everyone's phone calls.
