I present to you two scenarios for PCE data on Friday. I believe it'll be soft but you know how markets like some dips prior to event. If we end up around 538/539 before event, BTD opportunity here...
2024-06-23 22:52:17 +0000 UTC View Post$SPX $QQQ ends the week virtually flat even though $GOOG saw a new ATH today, $NVDA WAS #1 company in the world earlier this week but reclaimed by $MSFT - for a no big data week, this isn't really ...
2024-06-21 19:15:08 +0000 UTC View PostStory of the morning so far, semi names still getting hammered including $NVDA $AVGO $DELL $SMCI what was really hot names just two days ago, now taking a backseat. As of this morning $MSFT has rec...
2024-06-21 12:21:19 +0000 UTC View PostNice start to the day, when $NVDA $SPY $QQQ opened up another ATH's but that quickly fizzled out as market sold off the overnight move on semi names and moved in to XLU/XLV/XLE/XLF $DIA. Which isn'...
2024-06-20 20:12:15 +0000 UTC View PostMajority of semi names gapped up this morning $SMCI $NVDA $DELL $ARM to name a few surrounding news yesterday on building AI Factory in Memphis. $SPY gapped up in to the 550 levels (SPX 5500) and t...
2024-06-20 13:14:31 +0000 UTC View PostAfter such a beautiful unexpected move yesterday to start the week $SPY $QQQ just ranged it today, which is great news. After a big move you want consolidation and some basing. Big news $NVDA is no...
2024-06-18 20:03:00 +0000 UTC View PostMarkets pretty darn close to that 5500 resistance, and I think it'll hit at some point today. I'd love a pull back down to 543 to buy the dip opportunity as that's the trendline here. $SPY
2024-06-18 13:09:11 +0000 UTC View Post
Nice day on the market! Brand new highs on $QQQ $SPY nearly topping the 550 level. Great wins on $AMZN $SPY and $AVGO calls today! Market is running hot and index almost at 5500, I hope this isn't ...
2024-06-17 19:38:56 +0000 UTC View PostGood Morning! Markets pretty flat this morning...$AVGO tops 1800 premarket, $SMCI still have some juice left and of course $NVDA is going to benefit from $AVGO's rally it's been having. On watch to...
2024-06-17 12:30:47 +0000 UTC View Post
TOP WATCHES THIS WEEK:
$DELL STO AT FLOOR, MACD DAILY TRING TO CURL, CLOSED ABOVE THE 5MA/50MA LAST TWO DAYS, 20D 144. I THINK THIS HAS A CHANCE THIS WEEK TO RISE.
2024-06-15 19:38:15 +0000 UTC
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Great week! All upside targets were achieved after CPI report. We also hit it big with $ORCL $AVGO $ADBE this week. One of my personal best week this year so far. $SPX closed at another weekly ATH!...
2024-06-14 19:32:32 +0000 UTC View PostPretty slow day today, not much but bag of mixed movements. The star really was $SMCI and even though $TSLA started the morning with a bang gave back some of the gains. We'll have to see how the sh...
2024-06-13 19:52:28 +0000 UTC View PostBreaking News out this morning: PPI YOY 2.2, EXP 2.5 PPI MOM -0.2 EXP 0.1 CORE PPI YOY 2.3 BELOW EXP. CORE PPI MOM 0.0%
This data would definitely be very welcomed by Powell and Company after...
2024-06-13 12:52:51 +0000 UTC View PostAs forecasted last week, we anticipated soft CPI. One of the reason for soft numbers this morning is because of auto insurance coming back down, and this has been a large make up of recent hot numb...
2024-06-12 19:37:07 +0000 UTC View PostBREAKING NEWS $SPY 2024-06-12 12:48:21 +0000 UTC View Post
We talked about the $AAPL chart of the weekend having run UP in to the WWDC event. Unfortunately, the event did not have "AI" sexiness the market is looking for, but a few cool new gadgets, bells a...
2024-06-10 20:11:20 +0000 UTC View PostTalk about bad luck. I have not held $AMD options over a weekend in months and when I did this weekend, $MS downgrades $AMD to $176 price target. However, we've seen this before, usually the stock ...
2024-06-10 12:56:02 +0000 UTC View PostAll major index closed green for the week, $SPY up over 1% on the week and $QQQ about 2% and new ATH's this week.
Next week's data:
T: CHINA CPI 830PM
W: CPI 830AM FOMC 11AM POWEL...
2024-06-07 20:12:22 +0000 UTC View PostData Out!!! BLOODY DAY? Or maybe not...NFP 272K vs 185K expected, BUT here's the conundrum and that's the Unemployment Rate came in 4.0% vs 3.9% expected. Don't let the NFP fool you it's the UR tha...
2024-06-07 13:12:18 +0000 UTC View PostAfter reaching all time highs, market expected to trade flat or consolidate for a period of time. NFP data tomorrow 830am. The Federal Reserve's dual mandate is to achieve maximum employmen...
2024-06-06 20:10:33 +0000 UTC View PostThe S&P 500 rose to a fresh high Wednesday as Nvidia led major tech stocks higher and slightly weak labor market data gave investors hope the Federal Reserve might move to lower interest r...
2024-06-05 19:44:47 +0000 UTC View PostJolts data today just pushed the market in to chop area - question is when do bad news (bad labor data) are actually bad for the market? Albeit, the market is not a direct mirror of how the economy...
2024-06-04 20:10:00 +0000 UTC View PostAfter a rather bullish move on Friday, market gave back some of those gains. Typically, when tech starts running hot premarket such as $AMD $NVDA $QQQ a pull back is warranted to consolidate. But a...
2024-06-03 20:11:51 +0000 UTC View PostJobs data week are really choppy, and we have already seen a large move on Friday, and I feel that type of move pulled in what should be this week potentially with soft jobs data. Remember, the fed...
2024-06-03 13:15:11 +0000 UTC View Post
Two Charts that we should pay attention to over the course of June are % of Stocks in SP500 over the 50DMA and 200DMA.
Both charts have been very telling when to sell the rips and when to bu...
2024-06-02 15:25:11 +0000 UTC View PostWe remind our viewers that $SPY still had roughly 4% gain this Month, and most of the pull back occured this week only after hitting fresh new highs of 534 day after $NVDA posted earnings. W...
2024-05-31 20:52:08 +0000 UTC View PostBREAKING $SPY
PCE YOY: 2.7 PREVIOUS, 2.7 EXP, 2.7% actual
CORE PCE YOY: 2.8 PREVIOUS, 2.8 EXP, 2.8% actual
GREAT NEWS OUT, as PCE inflation data shows moderation and this is the d...
2024-05-31 12:54:12 +0000 UTC View PostData this morning out Q1 GDP 1.3 vs 1.3 expected, initial jobless claims 219k vs 218k expected. Overnight, $SPY filled the 523.86 gap left from weeks ago, and now we wait to see PCE data. I think t...
2024-05-30 12:54:22 +0000 UTC View PostGDP data tomorrow and we're inching closer to the PCE data due out Friday. $SPX gapped down this morning and filled the 5269 gap, while there is a 5250 gap, but there's also a 5300 gap. Wild market...
2024-05-29 19:43:23 +0000 UTC View PostWell, this is something we haven't seen in a while: market gapping down on no news so far this morning. $TNX $VIX is up, and Asia sold off overnight as well. What's the worry here? GDP tomorrow or ...
2024-05-29 12:19:54 +0000 UTC View Post