Top of the morning Stockaholics! Happy Hump Day 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 under 3 hours from the cash market open. GLTA on this Wednesday, February the 16th, 2022.
ye still holding despite i almost never hold futures contracts for longer than a day or so. but since i can't babysit it due to IRL craziness atm. i know a lot of people are attributing this recent dip in the market to the whole russia/ukraine stuff. but me? i still think it's all about the FED at the end of the day if you will. soaring inflation concerns aren't just disappearing because someone in russia/ukraine farted if you get my drift lmao. case in point? i'm still very much in that STFR (sell/short the fucking rips) this year until the FEDs tell me we're back in BTFD (buy the fucking dip) mode again. this won't play out overnight of course (it never does) will be drawn out over the course of the next couple of months me thinks. meanwhile, those talking head idiots on the television/radio can keep hyping up the whole russia/ukraine stuff, which lookit, i'm not downplaying the situation at all btw. i think it's bigly serious. but, i just think for me at least it's more about what the FED is doing this year more than ANYTHING else at least. sure, the whole russia/ukraine stuff could be a short-term black swan event, etc. but, the FED is more of a longer term view for me. and yes, i realize if the russia/ukraine invasion stuff actually materializes and blows up in a bigly way it will impact our economy in a pretty meaningful way too such as i think energy prices could rip a new asshole in that event which wouldn't be too positive for us domestically speaking. but whatevs. still i think it's all about the FED, at least for me anyway to each their own haha. hope you're doing well Chris and everyone else! sorry i haven't be able to update much in here as of late. IRL (in real life) has been sooooo fucking bloody insane for me as of late. really sucks the bigly one tbh.
Morning Lineup - 2/16/22 - Retail Sales Lead a Busy Day Wed, Feb 16, 2022 Retail Sales were just released and came in much stronger than expected at the headline level (3.8% vs 2.0%). Backing out Autos and Gas, the numbers were even stronger relative to expectations. Last month's report was revised lower than originally reported but not by enough to offset this month's strength. Other data released this morning includes Import and Export Prices, and both of those were also stronger than expected. Still on the calendar today, we have Industrial Production (9:15), Capacity Utilization (9:15), Business Inventories (10:00), and Homebuilder Sentiment (10:00). Then at 2 PM we'll see a release of the Minutes from the January meeting. Futures have seen a bit of a bounce in reaction to news but are still indicated to open modestly in the red. Yesterday was just the third time in 2022 that the S&P 500 tracking ETF (SPY) traded in positive territory from the opening to the closing bell, and over the last 50 trading days, there have been just eight times where the S&P 500 traded higher all day. As recently as 2/1, though, the trailing number of times over the last 50 trading days that the SPY traded higher all day was at just six which was the lowest reading since March 2018. What's even more notable is that back in early December, just as Powell was retiring the term transitory, the 50-day reading of the number of trading days that SPY traded in positive territory for the entire trading day reached a record high of 20. In other words, there's been quite a reversal in the last three months where the market has frequently opened higher and stayed there to more a of choppy environment where the market has jumped between gains and losses throughout the trading day.
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 Wednesday, February 16th! https://www.reddit.com/r/StockMarket/comments/stw8a7/216_wednesdays_premarket_stock_movers_news/
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 under 4 hours from the cash market open. GLTA on this Thursday, February the 17th, 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 Thursday, February the 17th! https://www.reddit.com/r/StockMarket/comments/suonte/217_thursdays_premarket_stock_movers_news/
Morning Lineup - 2/17/22 - Snap Out of It! Thu, Feb 17, 2022 Futures are in the red again this morning but just modestly, and while they're off their lows of the overnight session, they've just recently started heading lower again. Russia continues to take up a lot of the headlines, but unfortunately, there's little in the way of resolution on the horizon. Just released headlines quoting US officials suggest that Russia is moving towards an imminent invasion, and US Secretary of State Anthony Blinken will head to the UN today to address the Security Council. No one besides Putin really knows when and how the situation will resolve itself. Earnings season came to an 'unoffical' close today with Walmart's (WMT) better than expected report, and given the multiple tape bombs that were dropped throughout the reporting period, investors will be happy to see this earnings season wind down. It was a busy morning for economic data as well, and while most of this week's data has been better than expected, this morning's results were mixed. We'll discuss it in more detail later today, but after seeing the latest investor sentiment readings from the American Association of Individual Investors (AAII), we couldn't not mention them. As of the latest survey, bullish sentiment dropped from an already low reading below 25% to less than 20% this week. As shown in the chart below, the only other times that bullish sentiment was as low as it is now were in January and May 2016. Just about every survey of sentiment these days, whether it covers the economy or financial markets, shows elevated levels of pessimism. We realize there's no shortage of concerns out there and you can take your pick as to which one is the biggest problem, but one has to ask whether these levels of pessimism are starting to get a bit extreme.
NVDA, just like AMD when it reported earnings, getting rejected at the December low. Trading inside January's range.
Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform. NV5 Global The Trade: NV5 Global, Inc. (NASDAQ: NVEE) Chairman and CEO Dickerson Wright disposed a total of 40,000 shares at an average price of $106.29. The insider received around $4.25 million as a result of the transaction. What’s Happening: The company is expected to report Q4 results on February 28. What NV5 Global Does: NV5 Global Inc is a provider of professional and technical engineering and consulting services, offering solutions to public and private sector clients in the energy, transportation, water, government, hospitality, education, healthcare, commercial and residential markets. Bunge The Trade: Bunge Limited (NYSE: BG) Director Paul Fribourg sold a total of 660,000 shares at an average price of 101.37. The insider received around $66.91 million from selling those shares. What’s Happening: The company recently posted upbeat quarterly earnings. What Bunge Does: Founded in 1818, Bunge is a global agribusiness and food company with operations along the farm-to-consumer food chain. ZoomInfo Technologies The Trade: ZoomInfo Technologies Inc. (NASDAQ: ZI) 10% owner Carlyle Holdings I Lp sold a total of 321,989 shares at an average price of $57.90. The insider received $18.64 million as a result of the transaction. What’s Happening: The company posted upbeat quarterly earnings. What ZoomInfo Does: ZoomInfo Technologies Inc provides a go-to-market intelligence platform for sales and marketing teams. Its cloud-based go-to-market data and insights platform deliver comprehensive and high-quality intelligence and analytics to provide sales and marketing professionals with accurate information and insights on the organizations and professionals. Datadog The Trade: Datadog, Inc. (NASDAQ: DDOG) Director Shardul Shah sold a total of 3,909,055 shares at an average price of $167.69. The insider received around $2.76 million from selling those shares. The insider also acquired a total of 3,133,333 shares. What’s Happening: Datadog recently reported better-than-expected Q4 EPS and sales results and issued Q1 and FY22 sales guidance above estimates. What Datadog Does: Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered as software-as-a-service, allows a client to monitor and analyze its entire IT infrastructure. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Failure of SMH (semiconductors) to retake December's low, with all the big dogs done reporting now. Would not be surprised if we trade back down to January's low. See how this month ends.
still targeting a retest of the correction low in the spuz. not sure how quickly we get there (seems like maybe a bit sooner than i'm thinking due to geopolitics or whatever bullshit the media wants to point to as the "reason/cause/etc/blah blah blah"). those nimrods on the tube can be such thick headed idiots sometimes. sorry, just saying it like i see it is all haha. but anyway, think i may exit my spuz shorts around that retest, which i still thought we'd get there even if no russia/ukraine invasion news, etc, but again i don't think it'll get there in a "straight line" down. anyway, hope everyone is having a terrific day so far today! it's been a lovely day here, and getting a bit of an early spring feel really puts it over the time for me here at least haha. i just wish i wasn't so fucking busy with IRL sometimes so i can actually monitor the action a bit more. it really bites the bigly one that i can't as much anymore.
Bought a little bit of MU today but yeah semi is looking pretty weak, I am ready to average down if needed
