Original Link | RockwellTrading by Markus Heitkoetter
After a higher open, stocks were sideways in the morning. But the DOW was the exception.
Boeing (BA) took flight (pun intended) after announcing a dividend hike and massive buyback program. And a 1.1% gain in Boeing helped lead the DOW higher.
By the end of the session, both the S&P and DOW closed at new record highs.But it was the DOW leading the major indices with a 0.5% gain.
With the DOW up nicely and the NASDAQ finishing in the red, it looks like traders are moving out of tech and into financials again…something we’ve seen a few times over the last few weeks.
— TRENDING NOW—
Learn The Strategy That Could Pay You Up To $2,000 or More Every Week
Here’s where the major indices ended the day:
- The S&P finished 0.2% higher. Up 4 points, the S&P ended at 2,664.
- The DOW ended with a 0.5% gain. Adding 119 points, the DOW closed at 24,505.
- The NASDAQ was down 0.2%. With a 13 point loss, the NASDAQ finished at 6,862.
Crude Oil (CL) opened higher and immediately reversed course. Down 1.5%, CL finished the day at $57.13 a barrel.
TodayCalifornia based utility Edison International (EIX) got whacked 6% after rumors that a fire at one of their facilities could have potentially been the cause of the recent Southern California wildfires. But the stock is popping in after-hours trading after the Los Angeles Fire Department stated the fire was caused by an ‘illegal cooking fire’ instead.
Tomorrow is the big Fed day!
The probability of a rate hike is almost 100% (according to the fed fund futures). So a rate hike is already priced into the market. But traders will be looking for clues into future rate hikes.
The Fed Statement is out at 2:00pm ET and the Fed Press Conference is scheduled for 2:30pm ET. In the morning we have CPI Data out at 8:30am ET followed by Crude Oil Inventories at 10:30am ET.
— TRENDING NOW—
|
This “currency shock” could send Bitcoin to $10,000…
He’s predicting Bitcoin will reach $10,000… faster than what you might believe. But that’s nothing compared to the EVEN BIGGER opportunity this is creating: Imagine finding “the Bitcoin of the future”…. giving you a very real chance to double (or triple) your money, in no time flat. I can’t stress this enough: This is for greedy people only… those who want to milk this Bitcoin hype for every penny… Click Here To Find Out How Turn This “Currency Shock” Into Cash |
