{"id":2277,"date":"2019-01-28T16:52:17","date_gmt":"2019-01-28T21:52:17","guid":{"rendered":"https:\/\/liferep.net\/?p=2277"},"modified":"2019-01-28T16:52:17","modified_gmt":"2019-01-28T21:52:17","slug":"monday-january-28-2019","status":"publish","type":"post","link":"https:\/\/liferep.net\/?p=2277","title":{"rendered":"Monday January 28, 2019"},"content":{"rendered":"

Stocks could be in for a sharper decline as Apple and other big tech firms report<\/strong><\/p>\n

Apple, Microsoft and Amazon are among the avalanche of earnings releases this week, as stocks work through a period of choppiness following the big run up from December’s low.
\nSome technical strategists see a potential return of the S&P 500 to 2,500, as the market consolidates and continues to build off a base.
\nThe next level to watch on the downside is 2,600, the Oct. 29 low and a zone that spurred more selling when it broke again in December, one technical analyst said.
\nCNBC.com<\/p>\n

The stock market could be in for a period of rocky trading to lower levels, as investors work through earnings season and wait for developments on trade, analysts said.
\nStocks were slammed Monday in a selloff that accelerated on negative earnings news from global cyclical Caterpillar and chipmaker Nvidia. Both companies pointed to weakness in China, feeding fears of a global slowdown.
\n“We’re not making big bets for or against stocks and bonds. We’re trying to see if this is a garden variety slowdown or if it’s the beginning of something worse. I don’t think any of us knows the answer to that now,” said Ed Keon, portfolio manager and chief investment strategist at QMA.
\nSome technical strategists who say the S&P 500 could fall further, see a drop of 5 percent as a possibility with the S&P dipping to a support level of around 2,500. But some analysts, like Keon, say more than declining, it would not be surprising if the market becomes locked in a sideways move for awhile.
\nFor the month of January, the S&P 500 was up 5.2 percent as of Monday and up 12.2 percent since the Dec. 24 closing low. The S&P 500 was trading just under 2,640 Monday afternoon, a decline of 1 percent. Stocks were selling off Monday on the eve of a Fed meeting where the Fed is not expected to take any action on interest rates but is expected to sound very wiling to pause its rate hiking.<\/p>\n

“Tactically, February does sport a mixed performance reputation and may be a catalyst for a pause or consolidation after a +15% rally. There’s been some modest loss of momentum over recent days, but we’d look to the 2500\/2550 area to offer support and contain weakness moving forward,” Strategas analysts wrote in a note. On average, the S&P 500 has been flat in February, going back to 1950, according to Strategas data.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks could be in for a sharper decline as Apple and other big tech firms report Apple, Microsoft and Amazon are among the avalanche of earnings releases this week, as stocks work through a period of choppiness following the big run up from December’s low. Some technical strategists see a potential return of the S&P […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2277","post","type-post","status-publish","format-standard","hentry","category-daily-news"],"_links":{"self":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2277"}],"version-history":[{"count":1,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2277\/revisions"}],"predecessor-version":[{"id":2278,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2277\/revisions\/2278"}],"wp:attachment":[{"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}