69 procent av alla icke-professionella kunder förlorar pengar på CFD-handel hos den här leverantören. Du bör tänka efter om du har råd med den stora risk som finns för att du kommer att förlora dina pengar.


Mixed Apple results appear unable to save US indices from distribution

Mixed Apple results appear unable to save US indices from distribution

One of the clearest signs that an uptrend is over occurs when stocks fail to rally on good news. Despite generally positive earnings reports so fat this quarter, stocks haven’t been able to advance any further and some have declined, indicating traders are generally looking at results as an opportunity to take money off the table not for a reason to jump in. This reaction suggests that markets may have already priced in expectations of strong earnings and guidance plus a Clinton election win. In recent days, indices have been peaking at lower highs and indices have seen early morning advances evaporate in the afternoons, both signs of distribution. Today, another sign of uptrend exhaustion emerged in the form of a bull trap reversal or buying climax that saw the NASDAQ 100 break out over 4,900 but then fall back under that level. Late in the day the NASDAQ too another run at 4,900 following Apple’s earnings report, failed and then turned downward, a sign the index may have peaked. On a down day for the S&P, the only positive sectors were consumer staples and utilities while consumer discretionary underperformed a classic defensive rotation and sign of bearishness. Earnings reports were more mixed than has been the case lately with significant bullish and bearish surprises. DuPont beat the street while Whirlpool missed and some companies put out mixed reports like Caterpillar who beat the street on earnings and then guided downward. Apple’s report was mixed beating the street by only a penny on earnings Sales were a touch soft but IPhone shipments were strong and the company guided next quarter above expectations. The US Dollar also appears to have peaked starting the day strong then falling back. US consumer confidence came in below expectations but the main culprits appear to have been technical exhaustion and a rebound in GBP after a selloff was quickly contained. Crude oil has come under pressure this afternoon with WTI sliding back under $50.00 following a 4.8 mmbbl increase in API inventories. This is not a huge surprise given the big drawdowns of recent weeks but a bit discouraging. Crude oil may be active again Wednesday around the DOE inventory report. Materials underperformed in the US today and with oil in retreat, resource stocks could come under pressure today In Asia Pacific trading. Corporate News Apple $1.67 vs street $1.66, iPhone sales $28.1B vs street $27.7B, guides next Q sales to $76-$78B above street $74.9B Chipotle same store sales (21.9%) vs street (18.2%) Canadian National $1.25 vs street $1.22, raises financial outlook Economic News Significant announcements released overnight include: US API Crude oil inventories 4.8 mmbbls US FHFA house process 0.7% vs street 0.4% US consumer confidence 98.6 vs street 101.5 US Richmond Fed (4) as expected Germany IFO business climate 110.5 vs street 109.6 Germany IFO current assessment 115.0 vs street 114.9 Germany IFO expectations 106.1 vs street 104.5 Upcoming significant economic announcements include: (Note: 11:30 am in Sydney/Melbourne is currently 1:30 pm in Auckland, 4:30 pm in Vancouver, 7:30 pm in Toronto/Montréal, 12:30 am in London and 8:30 am in Singapore) 11:30 am AEDT Australia Q3 consumer prices street 1.1% vs previous 1.0% 4:00 pm AEDT Singapore industrial production street 1.0% 9:00 am BST Italy retail sales street 0.5% 8:30 am EDT US advance goods trade balance street ($60.5B) 9:45 am EDT US flash service PMI street 52.5 10:00 am EDT US new home sales street 600K 10:30 am EDT US DOE crude oil inventories street 2.0 mmbbls 10:30 am EDT US DOE gasoline inventories street (1.0 mmbbls) CMC Markets is an execution only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

CMC Markets erbjuder sin tjänst som ”execution only”. Detta material (antingen uttryckt eller inte) är endast för allmän information och tar inte hänsyn till dina personliga omständigheter eller mål. Ingenting i detta material är (eller bör anses vara) finansiella, investeringar eller andra råd som beroende bör läggas på. Inget yttrande i materialet utgör en rekommendation från CMC Markets eller författaren om en viss investering, säkerhet, transaktion eller investeringsstrategi. Detta innehåll har inte skapats i enlighet med de regler som finns för oberoende investeringsrådgivning. Även om vi inte uttryckligen hindras från att handla innan vi har tillhandhållit detta innehåll försöker vi inte dra nytta av det innan det sprids.

Standardiserad riskvarning: CFD-kontrakt är komplexa instrument som innebär stor risk för snabba förluster på grund av hävstången. 69 procent av alla icke-professionella kunder förlorar pengar på CFD-handel hos den här leverantören. Du bör tänka efter om du förstår hur CFD-kontrakt fungerar och om du har råd med den stora risk som finns för att du kommer att förlora dina pengar.