Long rut for 2600 rut breakout of ath consolidation after 8 months. recent bear failed to break down and invalidated =breakout BOOON confirmed.
Summary: Big tech mega-caps led the Nasdaq and growth sectors higher while seemingly leaving the rest of the market behind. The Dow Jones Industrial and Russell 2000 declined. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, November 18,...
Summary: Retail sales data helped send growth stocks higher on Tuesday. Earnings reports by big retailers came together with the data, creating an overall surprise on how much consumers are spending despite inflation concerns. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
Summary: The strengthening US Dollar and rising treasury yields put a damper on Friday's rally in big tech. Investors moved into defensive and cyclical sectors as Biden put his signature to the Infrastructure Bill on Monday. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
Summary: Investors brushed off fears of inflation and sent indexes higher, led by big tech and growth sectors. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, November 12, 2021 Facts: +1.00%, Volume higher, Closing Range: 92%, Body:...
Summary: Trading was muted on Veteran's day as markets had lower than average volume. Nvidia led chipmakers higher while industrials weighed down the Dow Jones. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, November 11, 2021 ...
Summary: Inflation data caused selling in bond and equity markets while investors kept an eye on a possible default from China's Evergrande. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, November 10, 2021 Facts: -1.66%, Volume...
Summary: Producer Price Index data confirmed fears of continued high inflation for the month of October. We already expected indexes to pull back after a long streak of daily gains, but the inflation worries helped solidify the trend reversal. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline...
Summary: The materials sector led stocks higher after the House passed a massive Infrastructure Bill late Friday night. Tesla weighed down the major indexes thanks to new tweets from Elon Musk over the weekend. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
Summary: Positive employment data sent stocks higher in the morning. The rally faded mid-day, but indexes held on to new record closes. The employment report is especially favorable for small-caps that outperformed today. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
Summary: Chip stocks led the day as investors focused on big tech and growth. The Nasdaq and S&P 500 continued a record winning streak. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, November 04, 2021 Facts: +0.81%, Volume lower,...
(Opinion only) Just a chart, think for yourself. :)
Summary: The Fed's statements after the two-day Federal Reserve meeting sent the major indexes to new record closes. The expected bond purchase tapering will begin, but the Fed was still firm on inflation being transitory, and they don't see a need yet for interest rate hikes. Notes Ideas always welcome in the comments. Errors will be amended as comments on...
RUT breakout from a consolidation in place since March. Look for the prior uptrend to continue.
Summary: A great earnings season is keeping investors bullish even ahead of an anticipated announcement from the Fed on bond purchase tapering and interest rate hike timing. The result was another day of record-setting in the major indexes. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in...
Summary: Small-caps soared today as the Russell 2000 nearly set a record close. Tesla helped carry the Nasdaq higher while the four largest mega-caps declined for the day. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, November 1, 2021 ...
After nearly 9 months of consolidation we're seeing the Russell 2000 wake up here into the end of the year while volume picks up. Keep an eye on this weekly close for breakout confirmation.
Summary: Disappointing earnings from Apple and Amazon caused markets to dip in the morning, but it did not squash investor optimism. Three of the major indexes rebounded from the dip to end the day with record closes. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...