(8/24/23) NVDIA's earnings report blows off the doors; market action will be driven by this news today. But NVDIA outlook is for slower growth moving forward. The company is fast on track to be as bi…
(8/24/23) Markets have been very oversold, and there is great anticipation for a rally as markets approach a cluster of resistance at the convergence of the 50-DMA and 20-DMA sitting in top of each o…
(8/23/23) It's NVDIA Report Day: The NVDIA Drinking Game: How many times will they mention, "AI?" Economic data & the Citi Economic Surprise Index. Manufacturing data is not improving; what happens o…
(8/23/23) Markets rallied a bit on Tuesday before selling off by the close; nothing out of the ordinary. Futures this morning are pointing higher, and an ideal situation would be for markets to close…
(8/22/23) All eyes are on NVDIA's report and the fulfilment(?) of 50% sales increase promises. Sustainability of growth numbers will be key. Fed governors are holding Jackson Hole prelude meetings. V…
(8/22/23) Markets have had a nice, 5% sell off, as expected (and completely normal within any given year). Markets on Monday got within a stone's throw of the 100-DMA before rallying, and we're looki…
(8/21/23) Back to School & The Rocky Racoon Saga comes to a close; Jackson Hole preview: Will Powell change his stance? Could the Markets correct some more? MACD Oscillation is consistent with bullis…
(8/21/23) More market correction is possible, but not likely without a reflexive rally first. Following market peaks in July, we forecast an overdue correction. Last week saw the completion of a 5% c…
(8/18/23) Market over-exuberance is now letting off steam; high interest rates are likely here to stay for a while. WalMart results reflecting more traffic from upper-income households suffering impa…
(8/17/23) The Atlanta Fed is now predicting GDP growth at 5.8% for the 3rd quarter, and another rate increase is expected as liquidity continues to move through the system. The S&P needs to get above…
(8/17/23) Can markets reclaim the 50-DMA and negate its breakage of that support level? Yesterday's downside close was probably the break we were looking for. Markets are oversold, and a rally back t…
(8/16/23) The continuing saga of Rocky Racoon at the Roberts' house; Retail Sales are still strong; the Atlanta Fed's GDP forecast calls for 5% growth = Inflation is still present, so no rate cuts f…
(8/16/23) Markets broke the 50-DMA Tuesday, but that's not necessarily dire news. However, if the market fails to get above the 50-DMA, the next logical support level will be the 100-DMA at about 4,2…
(8/15/23) Texas Heat & a trapped racoon (the saga continues...) Is Inflation on the rise again? Earnings estimates growth are predicated on no Recession; could the Fed raise its target inflation rate…
(8/15/23) Markets bounced right off the 50-DMA Monday in an initial test of support in consolidation of correction activity. But futures are opening a bit weaker this morning for yet another test of …
(8/14/23) August means hot weather in Texas, and the conclusion of earnings season, with a re-focusing on economic data. A burning question at the upcoming Jackson Hole rich guys' confab: What will i…
(8/14/23) Markets came down on Friday, testing the 50-DMA and bounced and closed slightly higher than the previous low. Futures this morning look a little bit higher, and the question today is whethe…
(8/11/23) The Summer Malaise (and associated heat) continues, with no Recession: Looking for a market pullback. This is not a normal economic cycle; what will holiday spending reveal? The impact of A…
(8/10/23) CPI Day: What happens if Inflation ticks-up? No expectation of Fed to react w rate hike; the housing component of CPI, Home Owner Equivalent Rent, lags by 3-months. Tomorrow's PCE report ma…
(8/10/23) Markets are continuing their correctional phase, selling off again Wednesday. This is what we've been anticipating, and now that it's underway, there's really nothing of any concern. We've …
00:03:15 |
Thu 10 Aug 2023
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