News: Markets closed the week on a strong note Friday as “smart money” bought up cheap shares. NFLX was bought by Bill Ackman its CEO. Kathie Wood bought HOOD. Barron’s called TSLA a buy at these levels. Even a giant German bank bought AAPL. Small caps continue to suffer as nearly 80% of stocks trade …
News: Markets generally moved sideways yesterday with a downward tilt. But that’s not to say there aren’t winners to be found out there… AAPL reported blowout earnings and its stock is up about 4% in premarket trading. NFLX surged nearly 8% yesterday after Bill Ackman announced his hedge fund, Pershing Square, bought 3+ million shares. …
News: The Fed has confirmed it’s ready to start raising interest rates as soon as March. Fed Chair Powell told us to the Fed will, “move steadily away from the … policy that we put in place to deal with the … pandemic.” In short, no more free money… After the market heard this … …
News: Oil is rising as international tensions show no signs of subsiding. Bitcoin is bouncing off of recent lows as inflation concerns remain high. And market volatility remains extremely high as we await word from the Fed today. The FOMC’s 2-day meeting wraps up today and Fed chair Powell will give a press conference at …
News: Monday was a day on Wall Street! The Nasdaq slid nearly 5% before markets staged a late-day comeback. All major indexes closed in the green. During the intra-day session, the S&P 500 fell into correction territory while the Russell 2000 fell into a bear market. The positive close could indicate a near-term bottom. But …
Hello! Here’s what’s happening in the market today… News: Last week was brutal for the markets. The Nasdaq fell to correction territory. And Bitcoin is now more than 50% off its all-time highs. As Omicron wanes, Dr. Fauci said, it’s “going in the right direction right now” other factors are weighing on the market. Inflation …
News: The market tried to rally yesterday but ended up getting stuffed. Swinging from 2% gains in the Nasdaq to more than a 1% loss. Peloton Interactive, Inc. (PTON), facing low demand, has shut down the production of its bikes and treadmills. Its stock fell more than 20%. Netflix, Inc. (NFLX) is down more than …
Hello! Here’s what’s happening in the market today… News: It was another day of selling yesterday as the S&P 500, the Nasdaq, and the Russell 2000 sank well below previously establish support levels. Despite the positive earnings report from BAC. You can see the breakdown in this long-term SPY chart plain as day. The Nasdaq …
Hello! Here’s what’s happening in the market today… News: Tuesday was an epic day on Wall Street. Everything fell and there wasn’t a buyer in sight. Banks are reporting declining profits. And oil prices are at 8-year highs. But I’m still not seeing the bears I’d expect to see. Let’s go to the technicals… Technicals: …
Hello! Here’s what’s happening in the market today… News: Earnings season is here. Banks will take the lead with GS, BAC, and MS reporting today and tomorrow. Later in the week AA and NFLX will give us some insights into travel and tech. Inflation concerns remain the lead problem for the markets. The 10-year bond …
1/18/22 Earnings Season Arrives, Markets Fall Below Support Read More »
