Insights

Webinar 1: Navigating the US markets, live from Chicago [Full Video]

06 May 2019 | EDUCATION

We're in the thick of earnings season in the U.S. Economy. Strong economic fundamentals are battling market signs of overvaluation. What's next in the U.S. Market? Will it rise or fall? Watch the video below for exclusive insights for your trading strategy!

S&P 500 Overview: Momentum slowing at potential resistance

RSI showing overbought conditions
Weakness in energy & commodities potentially bearish for broader market
Good news mostly priced in, with risk of sentiment worsening
Calendar less active, with fewer near-term catalysts. However, a trade deal with China (now less expected) would be viewed positively.
No big pullback in S&P 500 all year, after 4 months of solid gains.
Potential for a retest of 2850 or 2800.

Sector review: Strong ‘risk on’ bias

Growth remains strong: Chips, e-commerce, media and software
Domestic “real economy” strong: Banks, housing, transports
Russell 2000 small caps starting to outperform
Commodities struggle: Gold miners, energy, metals
Global struggles as USD rises.
Healthcare down on political risk, pricing pressure, general rotation

Economic review: US picture keeps getting better

Deep strength in labor market seems to be pushing
workers up the income scale. Good for consumer spending and potentially housing.
Low inflation creating ‘Goldilocks’ conditions.
U.S. economy seems to be undergoing major shift toward production / “new regime” in post-WWII era.
Construction recovering, partially fueled by state & local governments.
IT infrastructure/software spending on the rise as cloud computing spreads.

Idea to consider: Russell 2000 ETF (IWM)

Benefits from domestic economy
Potential to accelerate from tight Bollinger band squeeze / “golden cross”
Starting to outperform S&P 500 and Nasdaq-100

Idea to consider: Snap (SNAP)

Second-tier social media network compared to Facebook (FB) / Twitter (TWTR)
Valued at $82/DUA (daily active user) vs TWTR at $229 and FB at $353
Last 2 quarters have shown potential turnaround, user growth
New gaming platform, other innovations, announced April 4.

Idea to consider: Progressive (PGR)

Fast-growing insurance company with history of leading industry
Rallied on April 16 after results. It’s now pulled back to old highs around $74 and 50-day moving average.

David Russell is VP of Content Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

Risk Disclaimer: The information above is of general nature only and does not take into account your objectives, financial situation or investment needs. Prior to you make an investment decision, please make sure you carefully read and fully understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other relevant documents that you can obtain from this website. Monex Securities Australia Pty Ltd (AFSL No. 363972; ABN 84 142 210 179) is the Financial services provider. Financial products trading carries risks and may not be suitable for all investors. You are strongly recommended to seek independent financial advice before making any investment decisions.

S&P 500, Russell 2000 ETF, Snap, Progressive,

What you need to know about investing in the top five Asian stock markets

There is no doubt about the strong economic links between Australia and Asia. According to the Australian Trade and Investment Commission, the Asian region accounted for 62%..

What Are ETFs And How Can They Help My Portfolio?

Exchange-traded funds or ETFs are a type of fund that owns the underlying assets (stocks, commodities, bonds, etc.) and divides ownership of those assets into shares. ETFs are bought and sold l..

Search

Archives

Monex Securities Australia Pty. Ltd. Is registered in Australia (ABN 84 142 210 179 |AFSL No. 363972). The ultimate holding company is a Japanese public company, Monex Group, Inc. (TYO: 8698)

This website is owned and operated by Monex Securities Australia Pty. Ltd. (“Monex AU”) and it is compiled and presented in accordance with Australia laws and regulations. Monex AU solicits business in Australia, the products and services described herein may not be available in all countries and jurisdictions.

The information, content and material on this website is for information purposes only. It is believed to be reliable at the time of publication, however Monex AU does not warrant its completeness, timeliness or accuracy. The information and materials contained in this website are subject to change without notice.

The information contained in this website is for general information only. As general information, no consideration or evaluation is given of the investment objectives or financial situation of any particular person. Trading and investing involves substantial financial risk. All customers of Monex AU should make their own evaluation of the merits and suitability of any financial products and/or advice or seek specific personal advice as to the appropriateness of engaging in any activity referred to in this website in light of their own particular financial circumstances and objectives. Please ensure that you read the Financial Services Guide (FSG), Terms and Conditions and other relevant documents on this website before deciding to acquire any of the financial products and services we provided.

Please click here to read our full disclaimer.