HI Financial Services Commentary 05-17-2016

HI Financial Services Commentary 05-17-2016

RECORDING Market Commentary 05-17-2016

HI Financial Services Commentary 05-17-2016

What are my choices in the stock market because everything I look at seems to be the same?  Hurley Investments Client
Everything is the same from a broker, registered investment advisor to a financial planner

The put you in to a financial planning software answer is 60 equities 40 bonds

Then they all invest your money and in their minds the job is done. 

When it doesn’t work what is their answer? = DON’T worry your invested for the long term

 

You guys made a choice to do something different!!!!

 

 

What’s happening this week and why?

Good news is bad news and bad news is good news

Empire Manufacturing -9.0 vs est 6.6

Building Permits 1116 vs est 1130

CPI .4 vs est .3

Core CPI  .2 vs est .2

Housing Starts 1172 vs est 1135

Capacity Utilization 75.4 vs est 75.0

Industrial Production .7 vs est .2

 

 

Where will our market end this week?

Down 1% from here

 

 

DJIA – Bearish and trying to hold the 50 day SMA

 Screen Shot 05-17-16 at 02.46 PM  

SPX –  Bearish and trying to hold the 50 day SMA

 Screen Shot 05-17-16 at 02.47 PM

COMP – Bearish and trying to hold the 50 day SMA

Screen Shot 05-17-16 at 02.48 PM

Also approaching 10% correction territory

 

Where Will the SPX end May 2016?

05-17-2016           -2.5%

05-11-2016           -2.5%

05-04-2016           -2.5%

 

 

What is on tap for the rest of the week?=

Earnings:

Tues:          HD, TJX

Wed:          AEO, CSCO, HRL LB, LOW, CRM, TGT, URBN

Thur:          AAP, AMAT, DKS, ROST, SMRT, WMT

Fri:             BKE, DE, FL

 

 

Econ Reports:

Tues:          Building permits, Housing Starts, CPI, Core CPI, Industrial Production, Capacity Utilization

Wed:          MBA, Crude, FED minutes,

Thur:          Initial, Continuing Claims, Phil Fed,

Fri:             Existing Home Sales

 

 

Int’l:

Tues –         JP: GDP

Wed –         EMU: HICP

Thursday –  JP: All Industry, GB: Retail Sales

Friday –    

Sunday –    JP: Merchandise Trade

 

 

How I am looking to trade?

I haven’t taken off the collars from the earnings session

Options expiration on Friday and I feel like I need to sell some more premium

To sell premium short puts against long puts and roll covered calls or add new covered calls as volatility has picked up

 

Questions???

 

 

www.hurleyinvestments.com 

www.myhurleyinvestment.com = Blogsite

customerservice@hurleyinvestments.com = Email

 

Don’t Let Disney’s Recent Woes Deter You From The Stock

http://seekingalpha.com/article/3975091-let-disneys-recent-woes-deter-stock?app=1&auth_param=vnn53:1bjftrl:c38fea102680486355d363564de555ee&dr=1

 

ESPN Subs And Sales Positioned To Go Through The Roof

http://seekingalpha.com/article/3975367-espn-subs-sales-positioned-go-roof?app=1&auth_param=vnn53:1bjk08l:334d1d1716c48a6200f1412626d2eaec&dr=1

 
Apple Is Making iPhone 7 The Next Killer Device

http://seekingalpha.com/article/3975731-apple-making-iphone-7-next-killer-device?app=1&auth_param=vnn53:1bjmmdm:087c897036b824712319ee1762bbccea&dr=1&source=email_rt_article_readmore&utoken=54f1ca3dd59c1d05d3136b55438177dc
Trump will ‘scare the hell out’ of markets, but that’s OK: Stockman

http://www.cnbc.com/id/103631699

 

Disney: Don’t Get Too Distracted By Quarterly Results And The Reaction To Them

http://seekingalpha.com/article/3974136-disney-get-distracted-quarterly-results-reaction?app=1&auth_param=vnn53:1bj6p36:33f3f81e761f2a66c72b569b5248e288&dr=1#alt1

 
Tim Cook, We (Still) Need More Share Buybacks

http://seekingalpha.com/article/3974452-tim-cook-still-need-share-buybacks?source=email_rt_article_readmore&app=1&auth_param=vnn53:1bj92dj:fd543414e384ebd040515d8cf709be54&dr=1#/alt1

 

  3 Undervalued Companies Paying Increasing Dividends

http://seekingalpha.com/article/3973444-3-undervalued-companies-paying-increasing-dividends?source=email_rt_article_readmore&app=1&auth_param=vnn53:1bj3af8:51b45daa51275f4c68eb903a2b1bcd98&dr=1

 
Baidu Blasted, Probed For Search Manipulation

http://seekingalpha.com/article/3970661-baidu-blasted-probed-search-manipulation?source=email_rt_article_readmore&app=1&auth_param=vnn53:1bihmbd:72fddbca98f6ca9a2c1819fda386429f&dr=1

 

Apple: Carl Icahn Just Threw In The Towel, Should You?

http://seekingalpha.com/article/3970668-apple-carl-icahn-just-threw-towel?app=1&auth_param=vnn53:1bihmt1:c6cd5b4cc7eac1eb3ca2dbab7c51aacf&dr=1#alt1

 

Dow, S&P 500 suffer lowest close in 3 weeks as energy stocks tumble

http://www.marketwatch.com/story/us-stocks-slide-as-global-growth-fears-resurface-apple-snaps-losing-streak-2016-05-03?siteid=bnbh

 

Why I’d Rather Own Ford Than A Dividend Aristocrat

http://seekingalpha.com/article/3970421-ford-pays-price-dividend-parvenu#alt1

 

Ford: Profit Soars But Not The Stock

http://seekingalpha.com/article/3970197-ford-company-proposes-analyst-disposes#alt1

 

Baidu: Still Spending And Still Cheap

http://seekingalpha.com/article/3970224-baidu-still-spending-still-cheap?app=1&auth_param=vnn53:1bieuso:f174e5c7df587e7c1e16e9e540760d32&dr=1

 

Too Late To Buy Facebook?

http://seekingalpha.com/article/3970226-late-buy-facebook?app=1&auth_param=vnn53:1bievc4:d0cd03fc5425945f5df8bc0fbcb6091f&dr=1#alt1

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