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06/17/2017 Weekend Update

06/17/2017 Weekend Update

Postby Cobra » Fri Jun 16, 2017 4:16 pm

The institutional buying and selling chart from stocktiming still argues a range market to me.
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Re: 06/17/2017 Weekend Update

Postby Cobra » Fri Jun 16, 2017 4:19 pm

No stock picks for the next week, here's the latest strong stocks count:
viewtopic.php?f=10&t=2505

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Re: 06/17/2017 Weekend Update

Postby Cobra » Fri Jun 16, 2017 4:20 pm

please don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2503

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Re: 06/17/2017 Weekend Update

Postby Al_Dente » Fri Jun 16, 2017 4:33 pm

Last five days
INDICES % performance
[Recall that 14 June, Wednesday, was rate hike day]
Interesting: gold line is the utility index, and purple is SPX pancake flat, 0%
616five day percent.png.png

Food Retailers & Wholesalers Sector
“ONE WEEK” sorted by worst %
(This was shot 15 minutes before Friday’s close, so yours may vary)
616food week.png.png
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Re: 06/17/2017 Weekend Update

Postby Al_Dente » Sat Jun 17, 2017 1:16 pm

The Rent is Too Dammm High in San Francisco and Silicon Valley.
That’s old news, but here is a new GOOG solution: they just spent $25-$30m on modular homes for their employees.
https://www.theverge.com/2017/6/15/1580 ... -francisco
via zh, where the author’s hyperbole includes calling it “some sort of canary in the coal-mine”:
http://www.zerohedge.com/news/2017-06-1 ... -francisco

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Re: 06/17/2017 Weekend Update

Postby TraderJoe » Sun Jun 18, 2017 2:17 am

Something to think about;

Total debt outstanding for Russell 2500 companies is $2.1 trillion. Every one percent rate increase would translate to over $20 billion of additional interest expense over a period of time.

Cumulative market cap of Russell 2500 companies has grown 16% from year-end 2014 through end of first quarter of 2017 and yet the decline in net income was nearly 20% in 2016 over the past two years. Essentially, stock appreciation has come entirely from multiple expansions.

32% of the companies in the Russell 2500 had negative income in 2016
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Re: 06/17/2017 Weekend Update

Postby Al_Dente » Sun Jun 18, 2017 4:54 pm

ALMANAC:
“DJIA Down 24 of Last 27 Weeks after June Option Expiration”
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