On break!

Hey guys, I'm at Korea right now because of spring break and because of the time difference I can't really update my blog here. I'm coming back to the U.S. at 04.10.2016, so until then my blog won't be updated. I'll see you guys then.

Today's Stock Market (2016.03.25)-Market Holiday

Daily Analysis

• NYSE has closed today due to Good Friday.

• Oil continues to stay around $39 per barrel

• $39.46 per barrel (2016.03.24 end of the day)

International/U.S. Economy

• Saudi Aramco, the state oil company of Saudi Arabia, has recently announced a plan to buy the sprawling Port Arthur, Texas refinery. The facility is the largest refinery of U.S. and it can produce 600,000 barrels of oil per day.

• A group of New York millionaires are telling the governor and the state law makers to raise the tax for them and use it to help the poor. The group released an message that urged the passage of "1% plan for New York tax fairness".

• The terror on Brussel, Belgium has not only taken people's lives, but it also affected the European economy. Brussel was the center of political gravity of E.U., and its importance to E.U. is similar to that of Washington D.C. and U.S..

• Although the stock market is rebounding back, investors are still betting huge amount of money in gold. According to Bank of America Merrill Lynch, $13.4 billion was poured into gold assets for the past 11 weeks. This is the largest weekly inflow for gold since the economic crisis of 2009. 

• Gold is a safe asset which would maintain its value even during an economic crisis, and investors are still concerned about how the market was crashing early 2016.

Today's Stock Market (2016.03.24)

Daily Analysis

Dow, Nasdaq and S&P by closing time (5:16pm ET)

Dow and Nasdaq throughout trading hours (4:33pm ET)

• Dow and Nasdaq managed to close higher than yesterday, but S&P couldn't fully recover

• In the beginning of the market, all three indexes experienced a huge crash

• influenced by the drop in oil prices

• Oil price drops below $40 per barrel

• $39.59 per barrel (12:00am ET)

International/U.S. Economy

• China's foreign takeover has set off an alarm in the United States. State owned ChemChina has announced a $43 billion deal to buy Switzerland's Syngenta, which is a giant seed and pesticide company. However, U.S. senate and farmers are alarmed by this because they run researches and production facilities.

• The oil seems to be doing well; last week it had finally went over $40 per barrel. However, according to the latest EIA report, the oil remains to be oversupplied, and the future does not seem bright for the oil price.

• The federal reserve might raise rates starting from this April; St. Louis Fed President James Bullard has told that they might have a raise in April.

Individual Analysis

• Tesla (TSLA) stocks are on attention as the reveal of Model 3, their new lineup of cars, is just a week away. The company has been doing greatly since it has hit its low in February as oil prices started to rebound recently. Tesla shares experienced a 2.37% incline today.

• Office Depot (ODP) stocks rose 9% as U.S. District judge criticized Trade Commission's attempt to stop a merger between Office Depot and Staples (SPLS).

• Staples Stocks have also increased 14% today.

• Energy companies like Williams Companies (WMB) have dropped as oil prices continued to drop today. Williams Companies have experienced a 5.6% drop today.

Today's Stock Market (2016.03.22)

Daily analysis

Dow, Nasdaq, and S&P by closing time (4:47pm ET)

Dow and Nasdaq throughout trading hours (4:47pm ET)

• All three indexes were very unstable throughout the day

• Dow and S&P closed lower than yesterday, and Nasdaq closed slightly higher than yesterday.

• The market was affected by oil prices, which was lower than yesterday.

• Oil price continued to rebound over $40 per barrel

• $41.35 per barrel (4:35pm ET)

International/U.S. Economy

• In just 5 weeks, the stock market has experienced an unbelievable rebound. S&P 500 has rose 13% since its low at February 11. There were multiple reasons for this, including the rebound of oil prices and U.S. recession fears fading away, and Federal reserve tapping breaks on plans for raising interests.

• Although the Chinese economy is slowing down, they are still a huge market. It turns out that Chinese tourism spent $215 billion abroad last year.

• According to a research done by a business lobby group, Britain's exit from E.U. (Brexit) could cost 100 Billion pounds ($144 billion) and 950,000 jobs by 2020.

Individual Analysis

• Valeant Pharmaceuticals (VRX) has surged 10% as the company decides to abandon their previous CEO and appoint billionaire activist  Bill Ackman to the board.

• Office Depot (ODP) stocks rose 9.72% today as rumors about Amazon (AMZN) is interested in buying their business.

• Staples (SPLS) was marked as a Barbarian at the gate (Strong stocks crossing above resistance with today's range greater than 200%) due to various reasons including their average dollar volume, and their stocks have traded above its daily resistance level. Staples stocks surged 7.63% today.

Today's Stock Market (2016.03.18)

Daily Analysis

Dow, Nasdaq, and S&P by closing time (4:01pm ET)

Dow and Nasdaq throughout trading hours (4:01pm ET)

• All three indexes finished higher than yesterday

• Indexes were slightly unstable throughout the day, but it didn't experience any sudden crashes or inclines.

• Oil price slightly dropped under $40 per barrel

• $39.33 per barrel (3:34pm ET)

International/U.S. Economy

• According to the London School of Economics, if Britain decides to leave the E.U. (Brexit), then it would cut the average household income by $1232 per year.

• This would happen because when Britain exits E.U., then income from trading would decrease.

• While other Latin American countries are suffering from depression, Peru is having a great time. The country's economy grew 3.3%, which is the highest among Latin American Countries.

• While the NCAA Brackets are going on, it turns out that the amount of money that Americans would spend for this would be massive. According to the American Gaming Association, Americans would use around $9.2 billion for the NCAA brackets this year.

Individual Analysis

• Valeant Pharmaceuticals (VRX) continued crashing since last Tuesday when the company showed signs of default. At Tuesday the company's stock crashed more than 50%, and it crashed 9.2% today despite the CEO's Bankruptcy assurances.

• Tesla Motors (TSLA) continued rising throughout the week as oil prices continued to rebound. It rose 2.81% today.

• Amazon (AMZN) stocks continued to decline since Wednesday. Today it declined 1.31%. One of its reasons is because Apple (AAPL) decided to use Alphabet/Google (GOOGL)'s cloud platform instead of Amazon's web server.

Today's Stock Market (2016.03.17)

Daily Analysis

Dow, Nasdaq, and S&P by closing time (5:16pm ET)

Dow and Nasdaq throughout trading hours (4:33pm ET)

• All three indexes finished higher than yesterday.

• All three indexes were steadily inclining throughout the day, and they continued its rise from yesterday.

• Oil price jumped up to $40 per barrel today

• $40.34 per barrel (5:05pm ET)

International/U.S. Economy

• As oil price rebounds to $40 per barrel and U.S. economy continues to improve, the Dow has finally turned positive today. Dow has recovered around 2000 points since the start of the year.

• The Irish economy is booming. Their economy has grown 7% since last year, and despite the financial crisis and the great recession that they had to face, their economy is growing rapidly.

• It turns out that labor price at China isn't that cheap compared to the U.S. According to Oxford Economics, the average labor costs of China is only 4% cheaper than U.S. labor costs.

Individual Analysis

• Fedex (FDX) stocks surged 11.83% as they released their third quarter earnings report with good performances. The company's revenue increased 9% to 12.7 billion, and they showed earning of $2.51 per share, which was far better the expectation of $2.34 per share.

• Energy stocks are continuing to rise as oil rebounds to $40 per barrel. Chesapeake energy (CHK) rose 9.11% today, and Exxon Mobil (XOM) rose 1.48%.

• Chipotle (CMG) stocks were downgraded from "hold" to "underperform" by Jefferies as it's performance continued to decline due to the outbreak of E.Coli. Chipotle stocks declined 5.75% today during trading hours.

Today's Stock Market (2016.03.15)

Daily Analysis

Dow, Nasdaq, and S&P by closing time (5:16pm ET)

Dow and Nasdaq throughout trading hours (4:33pm ET)

• Dow closed higher than yesterday, Nasdaq closed lower and S&P remained the same as yesterday.

• All three indexes faced an huge crash today morning, and while Dow and S&P managed to recover from this crash, Nasdaq couldn't fully recover.

• Oil prices continued to drop; it dropped below $37 per barrel today.

• $36.88 per barrel (6:41pm ET)

U.S. and International Economy

• If Britain decides to exit the E.U. (Brexit), then it would cost more for British travelers to travel among European air than it is right now.

• Although China is facing its slowest growth in 25 years, the government is holding back from intervening to the market to improve its growth. As long as there aren't any major domestic/international economic crisis, the Chinese government would not interfere with their market.

• The number of active oil and natural gas rigs inside the U.S. has plunged to the lowest level since 1949. This is a response to the plunging oil prices that has been going on since last year.

Individual Analysis

• Valeant Pharmaceuticals (VRX) plunged more than 50% (51.46%) today as the company could possibly go into a default.

• Apple (AAPL) stocks jumped 2% as tracking information reveals that they may have sold 57 million units in the March quarter, which is far beyond the expected 50 million units.

• Hewlett Packard (HPE) stocks surged 2% as Wells Fargo notes that they could benefit from divestitures.