by Ian Harvey
September 15, 2019
The Past Week…..
Stock Market expectations were again met during the past week, with eight straight wins, its longest winning streak since May 2018. All three indices secured their third straight weekly win. Meanwhile, Wall Street's "fear gauge," the VIX, suffered its lowest close since late July.
More and different stocks participated in the market’s run to new highs, and that is a positive sign that the move higher is being built on a broader foundation.
Also, technical analysts see plenty of positives that should keep the rally going even after stocks regain their old highs.
Optimism for a trade deal pushed stocks near all-time highs in the past week and triggered the biggest weekly move in interest rates in nearly three years.
Earnings Predictions For Last Week….
“Earnings Predictions” members had an interesting week; with many trades being better to exit before earnings…..
EARNINGS PREDICTIONS RESULTS FOR WEEK BEGINNING SEPTEMBER 09, 2019
|DATE||TRADE||EXITING BEFORE EARNINGS||GAIN/LOSS|
|September 09, 2019||CTRP SEP 20 2019 36.000 CALL||29% P.P||19% P.P.|
|September 09, 2019||CTRP SEP 20 2019 34.000 PUT||33% P.P||21% P.P.|
|September 10, 2019||GME JAN 17 2020 4.000 CALL||73% P.P.||32% P.P.|
|September 10, 2019||ZS SEP 20 2019 67.500 CALL||19% P.P.||-55%|
|September 10, 2019||PLAY SEP 20 2019 45.000 CALL||62.5% P.P.||-12.5%|
|September 11, 2019||ACB SEP 20 2019 6.500 CALL||50% P.P.||110% P.P.|
|September 11, 2019||ACB JAN 17 2020 6.000 CALL||11% P.P.||31% P.P.|
|September 12, 2019||KR OCT 18 2019 25.000 CALL||23% P.P.||45% P.P.|
|September 12, 2019||KR OCT 18 2019 24.000 PUT||0% P.P.||-24%|
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Stock Market Expectations for the Week Ahead…..
Strength in semiconductors and a whole host of other sleeper stocks is a telling sign that the market will not only make it to new highs but could remain in an uptrend, according to technical analysts.
Semiconductors are considered the backbone of tech. The semiconductors are giving clues that things aren’t so bad and China is still ordering, and there’s the potential for a trade deal.
Stocks are powering higher amid positive developments in the trade wars, with U.S. officials preparing to meet Chinese counterparts next month.
And, trade developments could continue to move markets in the coming week, just as they have in the past week. Analysts say the market is most vulnerable if there’s a negative surprise.
Trading in the past week has been markedly different than in other phases of the bull market. Value stocks, or those less loved and with lower price-to-earnings ratios, have been gaining favor. At the same time, the momentum stock winners underperformed, though some are moving higher after falling at the beginning of the past week.
The Federal Reserve is expected to cut interest rates by a quarter point on Wednesday, but what it says about its future plans will determine whether stocks continue their run at record highs.
The stock market is dancing around new highs, as the Fed joins other central banks to ease policy, in the face of a global economic slowdown.
factor that may see the stock market expectations continue rallying is the global economy
may be poised for an upside surprise. If this occurs, the
yield curve would steepen, reflecting expectations for rising inflation and
stronger growth. As well, financial stocks would rally, and smaller stocks and
those linked to the economic cycle would gain on hopes the global growth engine
is stirring to life.
Stock Market Calendar for the Week Ahead
Stock Market Expectations for Earnings
Besides some of those companies mentioned above, which will be part of our stock market expectations considerations for members of “Earnings Predictions;” there are several that will be recommended to other members - of “Armchair Traders,” “Cut-to-the-Chase” and “Mentorship” - such as mentioned in the article…..
Other companies that may be recommended for options trades, either puts or calls, are…..
Action to Take Based on the Stock Market Expectations…..
According to our stock market expectations it is expected that the market will continue moving higher and the S&P 500 to reach 3,150 by the end of the year.
Improvements in indicators such as the advancing shares over declining; is a good sign for further gains. This past week has seen the percent of stocks with an upward sloping 200-day moving average is the best of the year so far, and new highs are showing up in transports, discretionary and banks.
The following still rings true for the stock market expectations in September, despite the past history as noted in an article earlier this month…..“I believe there is still plenty of upward movement in the stock market, with lots of volatility thrown in - “The Bull Rally Continues?” – as there are still plenty of driving factors such as better-than-expected earnings reported in sectors that help drive the economy, the trade tensions may ease and eventually be worked out, the Fed’s recent rate cut will help the housing market, world conflicts become less and the economy will continue to be okay. Obviously, there is always the unforeseen situation where a “black swan” raises its feathers, but for now there are still plenty of positives to profit from going forward.
So for Stock Options Made Easy, and its members, we tend to play our own game, not to be “sheep-to-the-slaughter”, and continue to profit!”
To get more overall investment insights,
earnings predictions for the week ahead, and profitable trades provided to
members in real time, join us at Stock Options Made Easy today!