Nov 17th 2014 – AWESOME traders!

 

A boring day in the market following a fantastic weekend course.  We ran our foundational course “Stock Market Success” on Saturday and Sunday and had a blast with a new group of AWESOME traders!

I just love teaching my strategies and getting feedback from people that are now really making serious money in the market.  That was the last one till January.  I look forward to kicking things off again in the new year.

Great people make great events rock!  Thank you all for attending and I look forward to seeing you at the next event.

Market News:

U.S. stocks were little moved on Monday, with the S&P 500 recording a 42nd record close of the year, as comments by European Central Bank President Mario Draghi helped offset data that unexpectedly showed Japan’s economy in a recession.

Monday’s U.S. economic reports had industrial production falling 0.1 percent in October, compared to expectations for a 0.2 percent gain.

Separate data had manufacturing activity in New York state rising in November, bouncing back from the prior month’s read.

Coming back from a 27-point deficit, the Dow Jones Industrial Average gained 13.01 points, or 0.1 percent, to 17,647.75, with UnitedHealth Group leading blue-chip gains.

The S&P 500 added 1.5 point, or nearly 0.1 percent, to 2,041.32, with energy falling the most and utilities faring the best among its 10 major industry groups.

Halting a five-session win streak, its longest since August, the Nasdaq dropped 17.54 points, or roughly 0.4 percent, to 4,67100.

Tuesday:

Earnings: Home Depot, TJX Cos, Dick’s Sporting Goods, Jack-in-the-Box, La-Z-Boy, PetSmart, Manchester United

8:30 a.m.: Producer price index

9:00 a.m.: TIC data

10:00 a.m. NAHB survey

1:30 p.m.: Minneapolis Fed Narayana Kocherlakota

News Sources:  CNN Money & CNBC