SoundsgoodTFtalks

SoundsgoodTFtalks

The stock market ended this holiday-shortened session on a mixed note, but overall, things held up pretty well. The main indices showed nice resilience to selling efforts today amid below-average volume despite a decent sized loss in Apple ( NASDAQ:AAPL 148.11, -2.96, -2.0%); Earlier Friday morning, Reuters reported that iPhone production in November is projected...

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Chart 1.1 As chart 1.1 shows, holiday-shortened trading week normally sees lighter trading volume , so even breakup or breakdown can not be legit, it is more like price correction, sideway movements. Only biggest news was FED minutes on Wednesday. FED MINUTES: PARTICIPANTS AGREED THAT A SLOWER PACE OF RATE HIKES WOULD ALLOW THE FOMC TO BETTER ASSESS PROGRESS...

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*Investors face a holiday-shortened this week that could see lighter trading volume. *The highlight of the economic calendar looks be the release of the minutes of the last FOMC meeting. *While that meeting took place before the release of the October CPI report, the market could see a jolt when hawkish tone of members is seen in black and white. It will be a...

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Chart 1.1 Chart 1.2 As Chart 1.1 and 1.2 explained how I predict markets will goes for next couple weeks, I think it is pretty safe to recommend some safe buys. NIO is one of the top EV producers in China, and EVs are critical to China's future. Also, China is by far the most significant car market in the world and plans for EVs to account for 40% of all...

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Yesterday's trade started on a weaker note. Market participants again dealt with concerns about the Fed overtightening and forcing a recession for the U.S. economy. These concerns were stoked by comments from Fed officials ahead of the open. Specifically, St. Louis Fed President Bullard (2022 FOMC voter) acknowledged that the fed funds rate is not yet at a...

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* Retail sales increase 1.3% in October * Core retail sales rise 0.7%; September sales revised up * Import prices fall for fourth straight month * Manufacturing output rises 0.1%; prior months revised down U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer...

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*Producer prices increase 0.2% in October *PPI excluding food, energy, trade climbs 0.2% *PPI rises 8.0% year-on-year; Core PPI up 5.4% U.S. producer prices increased less than expected in October as services fell for the first time in nearly two years, offering more evidence that inflation was starting to subside, potentially allowing the Federal Reserve to slow...

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Idea posted on Nov 14th, before market open. Idea posted on Nov 11th, before market open. Yesterday's trade was indicative of a normal consolidation period after last week's big gains as what we expected. The major averages floated around the unchanged mark for most of the session before taking a sharp turn lower ahead of the close after the S&P 500 failed to...

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The cooler-than-expected October CPI report sent markets soaring this past week and has driven expectations for an end-of-year rally into overdrive. However, an end-of-year rally is not a done deal. For this week, all eyes will be on the retail sector with big reports due out from Home Depot ( NYSE:HD ), Lowe's ( LOW ), Walmart ( NYSE:WMT ), Target ( NYSE:TGT...

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The stock market had an impressive showing today. Market participants were motivated by the cooler-than-expected Consumer Price Index (CPI) for October, which showed a welcome moderation in the year-over-year changes for total CPI (to 7.7% from 8.2%) and core CPI (to 6.3% from 6.6%). The major indices all closed at, or near, their highs for the day,...

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SP:SPX This is the SPX idea I posted yesterday on TV, and now you might all know why I wanna take a break yesterday. The elections did not lead to a Republican sweep, as the party looked set to gain control of the House, but the race for Congress was yet to be determined. The uncertainty reflected in the stock market as all three averages opened lower to...

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Yesterday's trade had a positive disposition as market participants awaited midterm election results. The stock market's prevailing expectation is that the results will ultimately lead to a legislative gridlock environment that will make it near impossible to approve new tax hikes, large stimulus plans, and stepped-up regulatory pressure. The latter assumption...

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NASDAQ:SWKS Skyworks has released its earnings related to Q4 and full fiscal year 2022 (FY 2022) at the end of last week, beating slightly revenue and earnings estimates. Note that its top and bottom-line beats were quite small, in line with the past seven quarters. Not surprisingly, its share price reaction was muted, as key financial figures were practically...

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Investors are clamoring to know how the US midterms will affect their portfolios. But for all the hype whipped up around the elections by stock market pundits, there's not much substance. America's founding fathers designed the legislative system to be in gridlock more often than not, and that is the most likely outcome of this election. Fox and CNN don't take...

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This is the day that I started to say short BABA at highs, Oct 28th Even today, after Chinese tech names rebounded from the lows, still worse than what I expected. I hope its clear enough on my chart. Just simple research, you will see a lot of analysis saying that "BABA is The Time For Bottom Fishing" or "Alibaba Stock Could Potentially Double In 2023". I...

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The Fed's November 2nd policy meeting was not a surprise in any tangible respect. They raised rates by 0.75% for the fourth time this year, moving interest levels off of the 13-year "sugar high" that has convinced a generation of investors that double-digit stock returns are a birthright, and that leverage was the investor's version of a favorite toy. The further...

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Amazon's stock dropped to its lowest level since the COVID-19 panic meltdown. The market is overreacting, as Amazon's slowdown and earnings decline phase is likely transitory. The company should provide solid revenue growth and increase profitability in future years, increasing its share price substantially and making Amazon one of the top stocks to own for the...

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U.S. stocks ended sharply lower on Wednesday, as comments from Fed Chair Jerome Powell shattered initial optimism over a Fed policy statement that raised interest rates by 75 basis points but signaled that smaller rate hikes may be on the horizon. The U.S. economy will likely need a "restrictive" rate for some time, Federal Reserve Chairman Jerome Powell said...