SoundsgoodTFtalks

SoundsgoodTFtalks

Bouncing back from losses posted last week, the major U.S. equity averages finished higher on Monday. The rebound allowed the S&P 500 to bounce off its lowest finish in more than a month. On the economic front, durable goods orders dropped by a larger-than-expected 4.5% in January. However, core durable goods jumped 0.7%, outpacing the 0.1% increase that...

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Stocks fell sharply last Friday to wrap up their worst week so far this year, as the Federal Reserve’s preferred inflation gauge unexpectedly accelerated in January and consumer spending surged. The core PCE price index jumped 0.6% in January and 4.7% from a year ago, coming in above economist estimates. Meanwhile, consumer spending surged 1.8% last month, the...

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U.S. stocks on Thursday were on track to end a volatile trading session higher, helped by gains in technology and energy names. After seesawing through the day, Wall Street's major indices moved decidedly up late in the day ahead of more economic data on inflation. Meanwhile, chip giant NVIDIA surged after its quarterly results. Concerns around the future of the...

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Shares dropped on Tuesday amid weak predictions from a couple of major retailers and ongoing concerns about interest rates. The Fed worries flared up again during Wednesday's trading, following the release of the minutes of the last central bank meeting, which ended with a rate hike of 25 basis points. The minutes showed that some Fed officials favored raising the...

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As Russia's war in Ukraine approaches its grim first anniversary, President Biden made a surprise trip to Kyiv on Monday to walk the streets of the capital and keep allies unified in their support for Ukraine. Air raids sirens even howled as he and Volodymyr Zelenskyy wrapped up a visit to the gold-domed St. Michael's Cathedral, in a show of solidarity that took...

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Stocks finished mixed Friday, with the S&P 500 concluding its second straight weekly decline, as Federal Reserve officials reinforced the message that interest rates need to rise. Fed Bank of Richmond President Thomas Barkin said he favors a quarter-point move to give the central bank flexibility, and Fed Governor Michelle Bowman said the central bank should keep...

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Chart: SPX daily and 15 mins Yesterday was the day I don't wanna trade. Because I still maintain a bearish outlook beyond the short term, at the same time, the market gave an inside-day pattern on the daily chart, and 8&21 EMA caught up, which making everything look so bullish. Therefore, when I meet a situation like this, I don't wanna be part of this trade,...

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Chart: TSLA daily & 15 mins TSLA corrected back to 8&21 EMA as we expected TSLA looks quite positive and bull trend is still there until a clear reversal sign comes out TSLA 15 mins kinda extended from 8&21 EMA, will likely correct back over price 200 EMA daily which is 226ish level will face strong resistance 190ish is short term support level ...

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A hotter-than-expected inflation figure triggered a choppy session on Tuesday, with the major U.S. equity averages eventually ending with a mixed performance. The Dow and S&P 500 finished in the red, while the Nasdaq posted a modest advance. CPI came in hotter than forecasts, which did not shock the market as oil and food prices stabilized last month. And the...

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Stocks rallied on Monday, bouncing back from losses recorded through much of last week. And as we expected, SPX moved up from 4060ish to 4100ish which is right across 8 EMAs. Chart: SPX daily Today, investors will try to get more clarity on market direction following the release of key inflation data on Valentine's Day. While January consumer prices are...

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Last week was the benchmark index's worst weekly performance of the new year so far, as sentiment was dampened by lingering concerns surrounding the Federal Reserve. Last Friday's explosive jobs report weighed on the mood at the beginning of the week, as market participants fretted that the surge in job openings would keep the pressure on the Fed to continue...

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According to the News, the Tesla Model Y was the best selling vehicle overall in California in 2022, surpassing the Toyota Camry. Tesla has also moved up to #2 in brand popularity. 1 out of every 10 vehicles sold in CA is now a Tesla. Model 3 was the 2nd best selling vehicle in CA. Chart: TSLA daily Chart: TSLA longer time frame Everyone hated Tesla...

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In a highly anticipated appearance at an event in Washington, D.C., Powell repeated sentiments he delivered as part of the Fed's last policy announcement, noting that the economy had entered a "disinflationary process." While the Fed chief added that the effort will take "a good amount of time," markets took heart from the fact that he didn't take an aggressively...

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The S&P 500 on Friday ended the week 1.6% higher, with its accompanying SPDR S&P 500 Trust ETF (SPY) also up 1.6%, as sentiment improved after the Federal Reserve meet on Wednesday. The S&P 500 posted gains in four out of five weeks this year. However, while Fed President Jerome Powell said progress had been made against inflation, a surprisingly robust jobs...

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Stocks surged in the wake of the Federal Reserve's latest interest rate announcement, with the Nasdaq ending Wednesday's session higher by 2%. Investors focused on comments from Fed Chair Jerome Powell suggesting that the central bank was starting to make progress in its fight against inflation. Chart: SPX 15 mins Chart: SPX daily From tech side of...

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As we expected, stocks lost ground on Monday, as investors booked profits after last week's advance. The slide came ahead of a busy week that includes the Federal Reserve's interest rate decision and a flood of high-profile earnings reports. The Nasdaq led the retreat, falling by about 2%. The decline included a bout of profit-taking in the EV sector. Price cuts...

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Chart: SPX daily Chart: QQQ daily Chart: DIA daily The DIA is still the strongest among all three indices, which gave a triangle ascending pattern on the daily chart. If it breaks 343ish trendline resistance with vol, then its uptrend breakup comfirm. However, in the past couple weeks since 2023, DIA found itself as the worst performing exchange...

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Chart: SPX 30mins for past week Stocks closed a winning week Friday following data that pointed to stronger than expected U.S. economic growth. The Commerce Department said Friday the personal consumption expenditures price index excluding energy and food showed prices rose 4.4% from a year earlier, a day after reporting a better than expected 2.9% gain in...