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 continues 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/skyvmb/wall_street_week_ahead_for_the_trading_week/ Have yourself a wonderful weekend ahead folks. And here's to another awesome 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.
Spoiler: Click to Show! (I'll just keep my reaction hidden in that spoiler up above and will let y'all's draw your own conclusions on what that answer may be lmao. )
btw just a super quickie correction in here per EW(earnings whispers)..but twtr er is actually bmo on thurs and not thursday amc as was previously shown on its calendar. here is the corrected version, just a quick fyi for any wondering. sorry 'bout that!
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the new trading week 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 Monday, February the 7th, 2022.
not nearly the "tear" as it may appear. i've noticed cnn's futures (particularly their nasdaq futs) are a bit wonky on monday's haha. here's the corrected data per finviz: it's up, but not nearly as much as cnn futures would indicate haha.
Morning Lineup - 2/7/22 - Picking Up Steam Mon, Feb 7, 2022 After a lower start overnight, futures have slowly picked up steam this morning and are now in modestly positive territory across the board with the Nasdaq leading the way higher. Overnight, economic data in Asia was on the weak side with China's Services PMI missing expectations while Japan's index of Leading Indicators decelerated relative to December. Here in the US today, the only economic report on the calendar is Consumer Credit at 3 PM Eastern. On the earnings front, key reports after the close today include Amgen (AMGN), Tenet Healthcare (THC), and Simon Properties (SPG). If you talk to just about any investor lately, they'll tell you that it has been a difficult year in the market. Putting the recent moves into perspective, it could have been a lot worse. Friday's close marked 23 trading days since the S&P 500's last closing record high, and during that span, the S&P 500 is down 6.2%. When comparing the last 23 trading days to other 23 trading day periods since 2000, there have been plenty of periods where the market saw much larger declines. Prior to the current period, the last time the S&P 500 declined 6% over a 23 trading day period was in late September 2020, but six months before that we saw what was the largest decline in a 23 trading day period since the Great Depression when the S&P 500 lost more than a third of its value from its peak on 2/19/20 to its low on 3/23/20.
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 on this first trading day of the new week! https://www.reddit.com/r/StockMarket/comments/smr3os/27_mondays_premarket_stock_movers_news/
Hey @Value543 are we allowed to comment in your trade journal? Just wanted to say a thanks for showing that US oil supply line getting hit ~90 (you charted USO instead of USOIL because that's the one with options). https://stockaholics.net/threads/value-543-trade-journal-2-0.12676/#post-163535
A pretty light week on economic data but the CPI will be out on Thursday, I guess we will have a better idea of how aggressive the FED will be this year after that number is out
Yeah it was interesting to see the divergence between cryptocurrency and stock today although it wasn't like stocks were selling off hard today
Industrials stocks are getting weaker lately after being the popular plays last year, HON and MMM are pretty close to their 52 week lows
Of course you can! And you're welcome! I'm long USO and have been for quite some time. Just don't have enough shares to trade it weekly through covered calls. I check the chart periodically anyway. Only reason why I caught it approaching that upper TL... Im looking to see another pullback; just hope geopolitical events & winter storms don't delay it for too long. I tried to give myself extra time on the puts I bought. Thanks again @anotherdevilsadvocate
Top of the morning Stockaholics! Happy Tuesday 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 4 hours from the cash market open. GLTA on this Tuesday, February the 8th, 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 on this Tuesday, February 8th! https://www.reddit.com/r/StockMarket/comments/snkikc/28_tuesdays_premarket_stock_movers_news/
Morning Lineup - 2/8/22 - New Highs in Yields Tue, Feb 8, 2022 Futures are modestly higher for the S&P 500 and Dow this morning, but the Nasdaq is indicated to open lower in what's looking like a mixed session for stocks. Futures started to lose some steam shortly after the European open as Treasury yields have been moving higher with the 10-year eclipsing 1.95% to its highest level since summer 2019. The latest read on small business sentiment dropped to an 11-month low, but 61% of companies surveyed reported that they have raised prices, so inflation pressures remain firm. On a brighter note, WTI is trading back below $90 after hitting multi-year highs late last week. We're barely a month into the new year, but 2022 is shaping up to be a year where it's Energy and everyone else. Year to date, the sector is up over 25%, and besides Financials, which is up less than 3%, every other sector is staring at losses. The chart below shows the performance of the ProShares S&P 500 Ex Energy ETF (SPXE) compared to the performance of the S&P 500 Energy sector ETF over the last year. For much of the last twelve months, Energy has outperformed the S&P 500 Ex Energy, but as the calendar flipped to 2022, the divergence has widened out to extreme levels. Even as Energy has risen more than 25% this year, the rest of the S&P 500 is down close to 7% on a market-cap-weighted basis, and that has stretched the one year performance gap between the two ETFs over the last year to 50 percentage points (63.96% vs 13.95%).
