Market Check-Up, Thursday Feb. 19th

Stock Markets Are DownAs of 1047 A.M., EST, the DOW seems confused currently reading down -38 points to 17991.82. The S&P is also pointing lower by 1.78 points at 2097.90. The NASDAQ is actually mildly higher up 13.82 points to 4920.18. As of yesterday’s session, here were the following closing levels: DOW – 18029.85; S&P – 2099.68; and NASDAQ – 4906.36.

A look at the foreign markets indicates the Nikkei 225 index consistently rose gaining +65 points to end the session at 18264.79. The Hang Seng also tacked on +47 points to finish the session @ 24832.08. The FTSE 100 index is down -10.86 points reading 6887.22. The CAC 40 is up 26.32 points to 4825.35. The German DAX is up +20.46 points coming in at 10981.46.

Oil continuing its plummet down 2.37/barrel to 49.77. Mmmmmm. 40’s again. Hungry investors?? Crude continues to slide as investors and analysts lower their hopes for the black gold. Oil stock prices continue to remain attractive for investors.

The precious metals are basking in the glory of green so far with Gold up 8.90/oz to 1211.90 and Silver up .16/oz to 16.51. Platinum is up .80/oz to 1169.00 and Palladium is also up 3.50/oz to 781.00. The safety of the precious metals always gives investor that needed security. With all of the news to be released today, some investors feel the metals are the way to go.

The markets will digest a host of information from various sources today regarding stats. Today, we’ll see jobless claims, the consumer comfort index, the Philly Fed Survey, Leading Indicators, the nat. gas report and petroleum status report, along with the Fed. Balance Sheet and Money Supply @ 4:30PM EST.

Keep an eye on markets as there is expected to be activity. Also SMM is watching plenty of HOT Penny Stocks! The Marijuana Sector continues to heat up and Cannabis and Hemp Stocks begin making their moves. Stocks like THCZ, GRCU, ERBB, HEMP, CBIS, MJNA, PHOT, and VRCID remain on our watch list.

Other Penny Stocks with big movement have been ENIP, RSHCQ, SUTI, RCHA, and ECIG. Watch for these stocks to make big movement to come. We’ll keep you posted as the morning evolves!!

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