D&D Note (5.1.2018) ~ Markets Stage Rally Ahead of FED & Apple Earnings ~ #StockMarket #FED #Apple

D&D Note (5.1.2018) ~ Markets Stage Rally Ahead of FED & Apple Earnings ~

Markets started the day in the red but staged an afternoon rally in a so-called Fed drift up ahead of the FOMC meeting where investors see the FED staying put. The Dollar hits near high of the year and appears to be breaking out from a longterm down trend. Treasury spreads between the long and short end continue to flatten.

Tech and banks led rally in afternoon to lift the NASDAQ and S&P 500 into the green to start May while the DOW finishes slightly lower.

Apple beats on earnings stock rallies 4% in after-hours. Services up 31%, iPhone sales of 52.2 million.

Facebook announces they are launching dating services on the platform this caused Match.com to fall 22%.

The D&D portfolio was capped on both ends of gains and losses today with Pot Stocks. Largest percentage gainers where MEDFF up 4.88% and CNTTF up 2.88% while largest percentage losers where IMLFF down -4.41% and TWMJF down -2.06%.

D&D movers:

– MEDFF up 4.88%

– CNTTF up 2.88%

– AAPL up 2.32%

– TSLA up 2.05%

– IMLFF down -4.41%

– TWMJF down -2.06%

– APHQF down -1.92%

– WNS down -1.45%

Indexes

– DOW down -0.27%

– NASDAQ up 0.91%

– S&P up 0.25%

Sector Movers:

– Technology up 1.46%

– Real Estate up 0.68%

– Consumer Discretionary up 0.16%

– Consumer Staples down -0.88%

– Telecom down -0.77%

– Energy down -0.58%

Notes

– US 2-YR 2.512% (up 0.024)

– US 10-YR 2.972% (up 0.036)

– US 30-YR 3.135% (up 0.039)

Volatility

– VIX 15.67 (down -1.63%)

Crypto (1:00 PST)

– BTC $8,973.75

– ETH $661.01

– BCH $1,288.16

– LTC $145.65

Metals

– Gold $1,305.80 down -1.02%

– Silver $16.18 down -1.35%

– Copper $3.0475 down -0.86%

Energy

– Oil $67.43 down -1.66%

– Brent $73.25 down -1.93%

– Nat Gas $2.802 up 1.41%