Yeah, even if shorts are running out of ammo, there's still a lot of sellers. Need to take them out to set the low.
QQQ MACD is now -6,3%, that's even more negative than in the mid of March 2020...we're not at the bottom yet.
Probably not, have been adding SH and PSQ as hedges. I am up like 21% for SARK, helpful to have some of these if we are in a downtrend market.
Top of the morning Stockaholics! Happy Thursday to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are just over 3 hours from the cash market open. GLTA on this Thursday, January the 27th, 2022.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading today and rest of this week! https://www.reddit.com/r/StockMarket/comments/sdycex/127_thursdays_premarket_stock_movers_news/
Morning Lineup - 1/27/22 - The Roller Coaster Continues Thu, Jan 27, 2022 Futures are pointing to a higher open this morning ahead of a busy morning for economic data and what has already been a busy overnight session for earnings and one that saw some wild moves in futures. With Asia down sharply overnight, S&P 500 futures were down well over 1% in the middle of the night, so thankfully most US investors were asleep to see that! As Europe opened for trading, sentiment started to rebound with markets in that region of the world posting mixed returns. Wherever futures are now, it's unlikely they will stay right where they are for the remainder of the day. The market is attempting to find a new equilibrium point, and that process will keep markets volatile in the weeks ahead. As mentioned above, the economic calendar is loaded this morning. Jobless claims were mostly inline, Durable Goods missed expectations, GDP was much stronger than expected while Personal Consumption was weaker. On the inflation front, the GDP Price Index was higher than expected at just under 7% while the Core PCE rose 4.9% which was in line with forecasts. The only two reports left on the calendar for today are Pending Home Sales and KC Fed Manufacturing which will both hit the tape at 10 AM. Yesterday's market action showed broad-based declines across the board as the S&P 500 dropped more than 1.6% from 2 PM through the close and every sector dropped more than 0.65%. Sectors hardest hit in the after-meeting sell-off were some of the sectors you would most expect. The rate-sensitive Real Estate sector was the hardest hit falling 2.27%. Behind Real Estate, growth-oriented sectors like Technology, Consumer Discretionary, and Communication Services all reversed their gains falling more than 2%. At the other end of the spectrum, defensive sectors like Utilities and Consumer Staples held up the best along with Financials which was the only other sector not to reverse at least 1% lower in the aftermath of Powell's hawkish comments. Try as they might to seek a port, if the Fed continues to guide to a more hawkish policy stance than markets anticipate at the time, there will little in the way of places for investors to hide in order to avoid at least some of the waves.
This is a sideways trading week, pinballing between SPX 4300 and 4400 every day. In a downwards-trading month. Going to keep going through tomorrow. Monday will need to bounce.
AAPL up after earnings, so futures should be off to the positive start this evening, whether we can hold onto those gains tomorrow or even before the market opens at 9:30 am will be another story due to high volatility
Small caps knocked on that floor again today...this time without the stunning reversal like we saw on Monday afternoon. Pulled off it ever so slightly after hours, but seem to be giving it back now.
Top of the morning Stockaholics! Happy Friday to all of you! And welcome to the final trading day of this week and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are just over 2 hours from the cash market open. GLTA on this Friday, January the 28th, 2022.
Next week's most anticipated ER calendar is now out for those lookin' for the quick sneak peek before the weekend. Hope y'all's have a great rest of your Friday and weekend ahead.
AAPL did a good job of holding December's low in the selloff into ER, and even came back for a kiss of the 34-week ema. This might have been its low for 2022.
VIX in weekly chart is a nice topping tail this week. Monday's lows were untouched, and volume went down. Still a lot of retail fear because the NDX closed this week lower than last week.
Happy weekend Stockaholics community! In case any of you missed it yesterday, here are next week's most anticipated earnings releases as well as the highest volatility earnings releases courtesy of Earnings Whispers for the new trading week ahead as earnings season rages on this week. Meanwhile, here is the market week ahead thread which is now up on Reddit for anyone looking for a quick read over this coming weekend: https://www.reddit.com/r/StockMarket/comments/sfk32i/wall_street_week_ahead_for_the_trading_week/ Have yourself a wonderful weekend ahead folks. And here's to another crazy amazing trading week ahead for y'all's! Will catch up with y'all's same bat time, same bat channel bright and early in the AM on Monday.
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the new trading week and the final trading day of January and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are just about 4 hours from the cash market open. GLTA on this Monday, January the 31st, 2022.
