Online Trading Community for Traders and Investors!

Ken flagg's Blog Posts Tagged 'value:' (89)

SMF Notes S&P futures vs fair value: +4.10. Nasdaq futures vs fair value: -3.80.

As of 9:15 ET, futures trading has stopped. The S&P 500 futures ended higher by 0.3%, Dow futures added 0.1%, and Nasdaq futures shed 0.1%.

While equity futures and equity markets are closed today, all other CME Group products, including NYMEX and COMEX, will settle at their normal times.

Reports suggest that there was no damage to the NYSE (NYX 24.84, 0.00)…

Continue

Added by ken flagg on October 30, 2012 at 12:32pm — No Comments

SMF Notes S&P futures vs fair value: +4.50. Nasdaq futures vs fair value: +8.00.

Europe's major bourses are mixed at the moment. However, a handful of markets in the eurozone periphery are sporting impressive gains. Italy's MIB is up 0.7%; Spain's IBEX is up 0.6%, and; Greece's Athex 20 is up 3.3%, all despite a series of downgrades for Spanish banks by analysts at Moody's. Germany's DAX is currently up only 0.1%. Deutsche Bank (DB 37.18, +1.34) is a primary leader there following the stock's descent during the past month.…

Continue

Added by ken flagg on May 18, 2012 at 10:43am — No Comments

SMF Notes Nasdaq futures vs fair value: -24.30. WRAPX S&P futures vs fair value: -10.20.

Stock futures haven't had much of a reaction to the latest data, mostly because there weren't any big surprises to the numbers. Personal income for August declined by 0.1%, a 0.1% increase. The unexpected slip comes after income had increased by 0.3% in the prior month. However, personal spending increased by 0.2%, as had been broadly expected. Still, the pickup wasn't as strong as the 0.8% jump that was reported for the prior…

Continue

Added by ken flagg on October 1, 2011 at 12:31pm — No Comments

SMF Notes WRAPX S&P futures vs fair value: -10.20. Nasdaq futures vs fair value: -24.30.

Stock futures haven't really had much of a reaction to the latest dose of data, mostly because there weren't any dramatic surprises to the numbers. Personal income for August declined by 0.1%, which contrasts with the consensus call for a 0.1% increase. The unexpected slip comes after income had increased by 0.3% in the prior month. However, personal spending increased by 0.2%, as had been broadly expected. Still, the pickup wasn't as strong as the 0.8% jump…

Continue

Added by ken flagg on September 30, 2011 at 8:30am — No Comments

SMF Notes S&P futures vs fair value:

+12.40. Nasdaq futures vs fair value: +19.00.

Stock futures are up sharply this morning. The bid marks a continuation of the prior session's intraday climb, which helped the major averages settle at session highs. Strong gains abroad have helped perpetuate a positive tone. Most of Asia's major averages scored strong gains overnight. Japan's Central Bank made no changes to its monetary policy. As for Europe, its major… Continue

Added by ken flagg on September 7, 2011 at 7:41pm — No Comments

SMF Notes S&P futures vs fair value:

-30.60. Nasdaq futures vs fair value: -40.50.

Stocks had logged back-to-back losses before they entered the holiday weekend, but the break has done anything to cool selling interest. Premarket participants are applying sharp pressure to stocks in response to the steep losses suffered by Europe's major bourses on Monday. Stocks in Europe have rebounded today amid news that the Swiss National Bank set a minimum exchange… Continue

Added by ken flagg on September 6, 2011 at 8:26am — No Comments

SMF Notes S&P futures vs fair value: +12.40. Nasdaq futures vs fair value: +21.70.

Stock futures are up solidly in an extension of last week's advance, which was the first weekly gain in more than a month. The positive tone ahead of the open has also been bolstered by strong performances by the major bourses of Europe, where news that a merger between EFG Eurobank and Alphabank -- a pair of Greece's financial plays -- has been taken as a sign of progress toward a more stable banking system in the corners of the continent. None of the blue chips… Continue

Added by ken flagg on August 29, 2011 at 8:57am — No Comments

SMF Notes S&P futures vs fair value:

+13.80. Nasdaq futures vs fair value: +20.50.

Stock futures have eased back a bit since making a sharp surge in response to an encouraging monthly payrolls report. Officially, non-farm payrolls increased in July by 117,000, which is greater than the increase of 84,000 that had been expected, on average, among economists polled by Briefing.com. What's more, prior month payrolls were revised upward to reflect an increase… Continue

Added by ken flagg on August 5, 2011 at 10:30am — No Comments

SMF Notes S&P futures vs fair value:

+2.70. Nasdaq futures vs fair value: +7.50.

Stock futures point to a positive start for today's trade. The uptick comes after the stock market suffered seven straight losses for a cumulative decline of almost 7%. Relief buying has been supported somewhat by a better-than-expected ADP Employment Change, which portends a positive reading of the official payrolls report on Friday. Still to come, though, are the latest… Continue

Added by ken flagg on August 3, 2011 at 11:27am — No Comments

SMF Notes S&P futures vs fair value: +2.30. Nasdaq futures vs fair value: +5.00.

Stocks are finally getting some relief after the S&P 500 fell in each of the past seven sessions for a cumulative loss of almost 7%. Not only was the prior session's 2.6% loss the worst one-day drop in almost one year, it also left the stock market to settle at its lowest level since March. But after all of that bloodletting, buyers are showing tentative signs of interest. In turn, stock futures suggest that the cash market will open with a modest gain. Of… Continue

Added by ken flagg on August 3, 2011 at 8:48am — No Comments

SMF Notes S&P futures vs fair value: -9.90. Nasdaq futures vs fair value: -13.50.

Stock futures continue to work their way up from premarket lows. The cash market is still expected to open with a loss, though. Amid lingering weakness, traders have rotated into the dollar, which was recently quoted with a modest lead over a collection of competing currencies. That said, an interest in safety has helped gold prices push up 1.1% to $1639 per ounce. Silver prices are up an even headier 2.3% to $40.23 per ounce. As for oil, the energy component was… Continue

Added by ken flagg on August 2, 2011 at 1:33pm — No Comments

SMF Notes S&P futures vs fair value: -0.40. Nasdaq futures vs fair value: -0.80.

Equity futures are pointing to a flat open as debt ceiling talks make little progress in Washington. Earnings reports continue to come out mostly better than expected as Visa (V) and Green Mountain Coffee (GMCR) were among the companies to beat on both the top and bottom lines following yesterday's close while CME Group (CME) bettered expectations this morning. Earnings results were not all good as IMAX Corp. (IMAX) and Pulte Group (PHM) both missed. Treasuries… Continue

Added by ken flagg on July 28, 2011 at 8:36am — No Comments

SMF Notes S&P futures vs fair value:

-5.90. Nasdaq futures vs fair value: -12.00.

Stress tests late last week have failed to calm concern that precarious fiscal conditions continue to linger in various pockets of the eurozone. In turn, both the euro and the region's major bourses have turned lower to trade with marked losses. Specifically, the euro is off by 0.5% against the greenback, but the EuroStoxx 50 has fallen 1.1%. Germany's DAX is currently down… Continue

Added by ken flagg on July 18, 2011 at 1:32pm — No Comments

SMF Notes S&P futures vs fair value: +7.00. Nasdaq futures vs fair value: +18.70.

The stock market slid late in the prior session to settle at its session low, but an improved mood among morning traders has stock futures looking strong. Impressive GDP data from China have helped shift sentiment. Although gains are mostly modest in Europe, bourses there are seeing some relief from the losses suffered during the first couple of sessions of this week. The euro is also rallying after it fell to a four-month low against the dollar yesterday; the… Continue

Added by ken flagg on July 13, 2011 at 8:44am — No Comments

SMF Notes S&P futures vs fair value:

-2.60. Nasdaq futures vs fair value: +3.50.

Oil prices are under moder pressure in the opening minutes of pit trade -- the commodity was recently quoted with a 0.4% loss at $94.75 per barrel. Early morning electronic trade saw the energy component drop below $93.60 per barrel. Coming off of a strong performance in the prior session, natural gas prices are up another 0.6% to $4.30 per MMBtu. As for precious metals,… Continue

Added by ken flagg on July 12, 2011 at 12:21pm — No Comments

SMF Notes S&P futures vs fair value:

-3.50. Nasdaq futures vs fair value: -1.30.

Stock futures have managed to work their way up from morning lows in recent action, but they remain in the red as weakness from the prior session lingers in this morning's premarket trade. Initial negativity was partly perpetuated by renewed selling abroad, which saw Asia's major averages log losses overnight that ranged from Japan's 1.4% slide to Hong Kong's 3.1% drop. The… Continue

Added by ken flagg on July 12, 2011 at 11:46am — No Comments

SMF Notes WRAPX S&P futures vs fair value:

+12.60. Nasdaq futures vs fair value: +18.60.

Buying abroad has the EuroStoxx 50 up 1.0%. Buying comes amid the decision by the European Central Bank to add 25 basis points to its target lending rate, which now stands at 1.50%. The Bank of England opted to stand pat on its target rate, which remains at 0.5%. The BOE also kept in place its 200 billion pound asset purchase plan. Separately, industrial production in the… Continue

Added by ken flagg on July 7, 2011 at 11:36am — No Comments

SMF Notes S&P futures vs fair value: +4.80. Nasdaq futures vs fair value: +6.90.

Stock futures are up narrowly this morning. Buying interest, although modest, has been helped along by renewed strength in Europe, where the Bank of England kept its benchmark interest rate at 0.50%, as had been expected, but the European Central Bank announced that it has added 25 basis points to its target lending rate, which now stands at 1.50%. Domestic data features the June ADP Employment Report, which will be released at 8:15 AM ET. It will be followed by…

Continue

Added by ken flagg on July 7, 2011 at 8:27am — No Comments

SMF Notes S&P futures vs fair value: -2.60. Nasdaq futures vs fair value: +1.50.

Trade resumes today after an extended holiday weekend allowed the stock market to take a three-day breather after it had put together its best weekly performance in about two years. The tone this morning is more mixed, though. Corporate news flow is slow coming off of the holiday weekend. Factory orders figures for May make up the only item on the economic calendar; they are due at 10:00 AM ET. Foreign data featured more underwhelming data, this time in the form of… Continue

Added by ken flagg on July 5, 2011 at 8:16am — No Comments

SMF Notes S&P futures vs fair value: +3.70. Nasdaq futures vs fair value: +9.00.

The stock market heads into the final session of June with a monthly loss of almost 3% and a quarterly loss of little more than 1%, despite an advance of about 3% during the course of the past three sessions. The improved tone of trade displayed in recent sessions has carried over into this morning's premarket action. In turn, a modestly higher open is expected for the broad market. Participants continue to keep a watchful eye on the goings on of Greece. The… Continue

Added by ken flagg on June 30, 2011 at 8:59am — No Comments