Is Global Gloom Setting In?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 9th of July.

This could be the start of a very interesting week, both in equities and in commodity prices. Earnings will be coming out this week on some major stocks and we will be on the lookout for more news from Europe. It would seem the global rate cuts last week did nada for the the markets so far.

TODAY’S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
CONSUMER GOODS: -1.09% Biggest Loser ATR -3.54%
SERVICES: -0.67% Biggest Loser SHLD -3.30%
HEALTHCARE: +0.91% Biggest Winner WCG +19.93%
ENERGY: -0.42% Biggest Loser WPX -2.85%
TECHNOLOGY: -1.13% Biggest Loser AKAM -4.03%
FINANCIAL: -0.64% Biggest Loser AMTD -2.57%
INDUSTRIAL GOODS: -0.81% Biggest Loser CFX -4.67%
BASIC MATERIALS: -1.03% Biggest Loser KRO -7.53%
UTILITIES: -0.56% Biggest Loser ORA -7.70%

Now, let’s analyze the major markets and stocks on the move using MarketClub’s Trade Triangle Technology