News: Yesterday inflation data come in hot. Hotter than expected. Markets gapped down, but rallied and turned green by mid-morning. Then a Fed member came out in favor of a full 1 point rate hike. And markets tanked. Futures are gapping down this morning too as the market tries to find its footing… This weekend …
News: Markets gapped higher yesterday and held those gains all day. The Dow Jones, represented by the chart below, shows a near-perfect “spinning top” and a gap to fill underneath it. Gaps like this typically get filled the next day or become strong support. So once again I’m waiting to see how today goes. I’m …
News: Yesterday the market rallied broadly, indexes gained about 1% each. And this morning futures are up across the board. The rally comes as mask mandates are falling by the wayside in liberal-leaning states. A “return to normal” may be getting priced back in. Despite travel numbers reaching some pre-pandemic levels, there is still a …
News: Yesterday the market held a nice rally right into the last hour of the trading session. And then on light volume gave it all up. No bulls were anywhere to be found as the bear closed the market. No catalyst to be found either. Just general weakness. The strongest rally I saw was in …
News: According to a report from Bloomberg retail trading is slowing down. I can see this in my daily scans as fewer low float stocks are holding their gains. Bitcoin is moving up, likely due to institutional buying. This is extremely bullish for the digital asset. I continue to be a buyer on this front. …
News: Meta (FB) fell 26% yesterday and lost ~$230 billion in market cap. The largest single-day loss for a company in stock market history. After hours SNAP reported earnings and blew everyone away, its stock surged 50%. AMZN (pick and shovel play with AWS) beat expectations too and is trading up ~12% at writing. There …
News: Yesterday before the markets opened investors shrugged off private payroll data that showed job losses when “expectations” were for gains. PYPL released disappointing earning premarket as well. But the markets rallied anyway logging the fourth day of gains. Afterhours was a different story. FB, SPOT, SNAP, saw their stocks plummet after disappointing earnings. Futures …
2/3/22 Earnings, Jobs, Disappointment Everywhere Read More »
News: Yesterday was another day of gains on Wall Street. Markets rose steadily, which is more consistent with a bull market. GOOG, GOOGL announced a 20-to-1 stock split. TSLA and AAPL rose up to 30% between announcement and split in 2020. UPS upped its dividend by about 50%. While T slashed their dividend. There are …
News: Markets closed January on a strong note. The Nasdaq led the charge with a gain of 3.4%. Many of the stocks I mentioned yesterday spiked. It’s good to see some risk-on behavior. The gamblers might be coming back! Oil and energy stocks are outperforming as Europe prepares for conflict with Russia. Being that Russia …
