(10/31/23) Markets were deeply oversold Monday, and had a very nice rally: Was it a trick or a treat? Markets will need to confirm over the next few days whether or not its rise is for real, and that…
10/30/23) Markets took out support at the 200-DMA last week, confirming the initial break. This brings markets back to a cluster of support from May of this year. As of Friday, we'd completed a 10% m…
(10/27/23) Market Futures & Fed Meeting preview; concensus is no rate hike in November, but possible in December. Dealing w Halloween candy inflation, controlling risk by utilizing bonds; planning to…
(10/26/23) Q3 GDP grew at an annual rate of 4.9% in the 3rd Quarter: It's not uncommon to see an economic uptick in economic activity prior to a recession; however, not all is rosy: bankruptcies are …
(10/26/23) Markets confirmed the break of the 200-DMA by sliding through that level on Wednesday. The next level of support will be at the 4,100 mark, which is 50% of the rally from October 2022. (T…
(10/25/23) Google's Earnings Report & Cloud Revenue weakness dampen markets' mood; there remains a dichotomy between the performance of the Mega-cap & and the rest of the market, particularly in mid-…
(10/25/23) Markets are hanging on by fingernails follwoing the break of the 200-DMA; this is why you have to be careful after the initial break. Markets look to open weaker this morning because of Go…
(10/24/23) Microsoft & Google report earnings today, and by next week 80% of the S&P will have checked-in w Quarterly results; the Fed enters blackout period before the next FOMC meeting, as corporat…
(10/23/23) Markets are wrapping up October with seasonal weakness, as the Israel War continues and rates remain high, weighing on sentiment. There's a Fed meeting next week, as well. Markets are work…
(10/23/23) Markets are working within that Summer weakness correctional phase, quite normal for October of a pre-election year. Weakness typically runs through the month of October, with stronger per…
(10/20/23) A bit of flavored coffee commentary to launch the show, 10-yr Treasuries hit 5%, and investor psychology hits the markets. Fed Chairman Jerome Powell says inflation is still too high; the …
(10/19/23) Fed Chairman Jerome Powell is on the prowl this week: Will it be 'higher for long,' more rate hikes, or have higher interest rates done enough? Those are the big questions to be answered t…
(10/19/23) Markets traded off the 20-DMA, with traders trapped in a narrowing price compression range between support on the 200-DMA at 4,020 and resistance at about the 4,500 level. Earnings are sup…
(10/18/23) Retail Sales doubled in September...but, on non-retail store sales; non-seasonally adjusted sales were acutally down 5%. All nuymbers are subject to revision. This is how we formulate gove…
(10/18/23) Markets opened lower Tuesday, but rallied before the close to end up essentially flat for the day. This is the pattern now o flate day buying as institutions come into the market to pick u…
(10/17/23) Earnings Season is in full swing, with Big Banks reporting this week. More interesting than earnings results will be forward outlooks. The unknown is the unintended consequences of COVID-e…
(10/17/23) Markets bounced right off the 20-DMA on Monday; the 50- and 200-DMA are the next cluster of resistance markets must move through in order to achieve a higher level by the end of the year. …
(10/16/23) The Israel & Ukraine wars are creating international fear, while domestically, US consumer sentiment is sinking as economic realities of higher interest rates and student loan payments res…
(10/16/23) Markets ended their two-week rally, falling on Thursday and Friday and running right into the convergence of the 50- and 100-DMA's and came to rest atop the 200-DMA. Market futures are fla…
00:05:17 |
Mon 16 Oct 2023
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