Yeah the semiconductors weakness probably has at least something to do with China/Hong Kong. China seems to be sticking with the zero COVID policy, I heard they had to shutdown the plants in Shenzhen since it is located next to Hong Kong and Hong Kong is having a pretty big COVID outbreak now.
Based on some of the "loss porn" (their words, not mine!) I saw over there as GME & AMC came crashing back to reality, I think it's safe to say those guys on Reddit are never happy...
Yeaaah, I think I am going to lock-in what has happened over the last 6 trading days and sit back and watch what happens the rest of the week and spot-shop for deals. I have a good feeling were in for another slide, its just a matter of how soon. Hopefully I am not jumping off the train too soon. I might wait until lunch-time and see whats happening
stupid question. Can someone explain what pre-market/post-market activity is? and why some people/entities have access to the stock market at times that the general public does not...
In my humble opinion, never let a winner turn into a loser. If you want to let a trade run, an idea could be to take 50% off the table & then set your stop to whatever your entry was.
Top of the morning Stockaholics! Happy Hump Day to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are about 4 hours from the cash market open. GLTA on this Wednesday, March the 23rd, 2022.
Morning Lineup - 3/23/22 - More Fed Speak Wed, Mar 23, 2022 After Jerome Powell hinted at the possibility of the FOMC hiking rates by 50 bps earlier this week, Cleveland Fed President Loretta Mester became the latest Fed official to throw their hat in the ring in support of a 50 bps hike when she said that she would "find it appealing to front-load some of the needed increases earlier rather than later". Mester is only the first of a number of Fed officials scheduled to speak today with a roster that includes Powell at 8 AM, Daly at 11:45 AM, and Bullard at 3 PM (all times eastern). Futures are lower this morning as the Nasdaq leads the declines. There's been no major news regarding the war in Ukraine. President Biden will be traveling to a NATO summit where the US and EU are expected to issue additional sanctions against Russia, and the White House National Security Advisor warned that the war is not going to be easy or quick. Crude oil and gold are basically flat on the morning, while bitcoin is modestly lower as it continues to trade in what has been a relatively narrow range. Volatility in nickel continues, though, with the metal rallying 15% as that market attempts to find equilibrium. On the economic calendar, mortgage applications fell more than 8% w/w, and the only other report on the calendar for today is New Home Sales at 10 AM. That report is expected to show an increase of about 1.5% to 814K versus January's reading of 801K and would be down just under 3% versus last year's level. We have really seen some monumental moves in financial markets over the last few weeks. Since we're talking about the Federal Reserve, the latest example includes the S&P 500’s performance in the week since last week's hike. From the close last Tuesday before the Wednesday FOMC announcement, the S&P 500 has rallied 5.85%. Going back to 1994 when the FOMC first started announcing its policy decisions on the day of the meetings, the S&P 500’s performance in the five trading days from the close on the day before last week’s announcement has been stronger than comparable time periods following any other rate hike. Heading into this hike, the S&P 500 was trading down further from its 52-week high than nearly every other rate hike since 1994, so the performance over the last week has helped the market to dig itself out of the hole. The chart below shows the five-day performance of the S&P 500 following every prior rate hike announcement since 1994. Overall, the average five-day return of the S&P 500 following the 41 rate hike announcements has been a decline of 0.08% with positive returns less than half of the time (44%). The current period is easily the strongest on record, and the only two other periods where the S&P 500’s performance was even close were in March 2000 and before that June 1999. Granted, the S&P 500 was down sharply ahead of this hike, but any time March 2000 is the closest comparison you can find, that’s a comparison bulls don’t want to see.
The pre-market thread is now up on the r/StockMarket subreddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Hump Day, March the 23rd! https://www.reddit.com/r/StockMarket/comments/tkt7d5/323_wednesdays_premarket_stock_movers_news/
38 Stocks Moving In Wednesday's Mid-Day Session 12:00 pm ET March 23, 2022 (Benzinga) Gainers Allego N.V. (NYSE: ALLG) shares jumped 158.5% to $21.41 after the company announced the completion of its merger agreement with Spartan Acquisition Corp., which resulted in 98% of the company notes redeemed at the merger vote. The company is also gaining retail investor interest. 4D pharma plc (NASDAQ: LBPS) shares gained 38.3% to $6.46 after the company announced the primary efficacy endpoint was met early in the renal cell carcinoma group in Part B of the study of MRx0518 and KEYTRUDA. Alpha Tau Medical Ltd. (NASDAQ: DRTS) gained 30% to $13.41. Zentek Ltd. (NASDAQ: ZTEK) climbed 26.7% to $3.42. The stock began trading on the Nasdaq on Tuesday following an uplisting from the OTC Pink Sheets. The Marygold Companies, Inc. (NYSE: MGLD) rose 21.7% to $2.2797 after dropping more than 6% on Tuesday. Cenntro Electric Group Limited (NASDAQ: CENN) jumped 21.3% to $2.79. Cenntro Electric Group recently agreed to acquire an equity interest in Mosolf SE & Co KG's subsidiary Tropos Motors Europe GmbH (TME). Clear Secure, Inc. (NYSE: YOU) gained 20.5% to $26 after the company reported better-than-expected Q4 EPS and sales results. The company also issued Q1 sales guidance above estimates. Mogo Inc. (NASDAQ: MOGO) surged 19.3% to $2.9001 after the company reported Q4 sales results were higher year-over-year and announced a $10 million buyback. Creative Realities Inc (NASDAQ: CREX) shares gained 18.9% to $1.02 after the company reported better-than-expected Q4 sales results and issued FY22 sales guidance. Zenvia Inc. (NASDAQ: ZENV) gained 15.4% to $6.05. aTyr Pharma, Inc. (NASDAQ: LIFE) jumped 14.5% to $6.09. aTyr Pharma recently files for mixed shelf upto $200 million. Femasys Inc (NASDAQ: FEMY) rose 14.3% to $2.16. Femasys recently named Dov Elefant to new position of Chief Financial Officer. Alset EHome International Inc. (NASDAQ: AEI) rose 13.5% to $0.6120. iQIYI, Inc. (NASDAQ: IQ) gained 13% to $4.72. Kezar Life Sciences, Inc. (NASDAQ: KZR) jumped 12.8% to $18.09. HC Wainwright & Co, last week, maintained a Buy rating on the stock and raised its price target from $20 to $22. GDS Holdings Limited (NASDAQ: GDS) jumped 12.4% to $44.29. Raymond James downgraded GDS Holdings from Strong Buy to Outperform and announced a $68 price target. Stealth BioTherapeutics Corp (NASDAQ: MITO) rose 12.3% to $0.7520. Stealth BioTherapeutics recently presented new data demonstrating the potential synergistic relationship between elamipretide and an exon-skipping phosphorodiamidate morpholino oligomer (PMO) in the X-linked muscular dystrophy (mdx) animal model. Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) rose 12.1% to $1.3450. Spectrum Pharmaceuticals recently posted a Q4 loss of $0.17 per share. Intrepid Potash, Inc. (NYSE: IPI) jumped 12.1% to $88.96. Waterdrop Inc. (NYSE: WDH) shares gained 11.5% to $1.53 following Q4 results. Alpine Immune Sciences, Inc. (NASDAQ: ALPN) jumped 11.3% to $9.72. GameStop Corp. (NYSE: GME) rose 9.1% to $134.32 after jumping over 30% on Tuesday. Smart Share Global Limited (NASDAQ: EM) rose 8.3% to $1.31. Smart Share Global recently posted a Q4 loss of $0.04 per share. ThermoGenesis Holdings, Inc. (NASDAQ: THMO) shares rose 7.7% to $0.6062 after dropping around 12% on Tuesday. Losers Codex DNA, Inc. (NASDAQ: DNAY) dropped 19.4% to $7.42 after the company reported worse-than-expected Q4 EPS results. Vicor Corporation (NASDAQ: VICR) dipped 19.3% to $62.56. CJS Securities downgraded Vicor from Market Outperform to Market Perform. Cue Health Inc. (NASDAQ: HLTH) fell 18.1% to $7.42. Cue Health recently partnered with Albertsons Companies for COVID-19 test kits. AdTheorent Holding Company, Inc. (NASDAQ: ADTH) dropped 14.6% to $8.88. Snap One Holdings Corp. (NASDAQ: SNPO) dropped 13.7% to $17.68 after the company reported Q4 earnings results. PetVivo Holdings, Inc. (NASDAQ: PETV) declined 13.3% to $2.3850. Q&K International Group Limited (NASDAQ: QK) dipped 12.9% to $1.89. GAN Limited (NASDAQ: GAN) shares fell 12.7% to $4.7650 after the company reported worse-than-expected Q4 EPS and sales results. The company also issued FY22 sales guidance below analyst estimates. JX Luxventure Limited (NASDAQ: LLL) fell 11.4% to $3.88. JX Luxventure shares jumped around 120% on Tuesday after the company announced it signed a $60 million sales agreement. Apyx Medical Corporation (NASDAQ: APYX) dropped 11% to $5.91. Apyx Medical recently posted Q4 loss of $0.06 per share. Adobe Inc. (NASDAQ: ADBE) fell 9.6% to $421.63. Adobe reported better-than-expected results for its first quarter, but issued a disappointing forecast for the current quarter. Winnebago Industries, Inc. (NYSE: WGO) dropped 8.2% to $57.27 following Q2 results. Aptose Biosciences Inc. (NASDAQ: APTO) shares fell 7% to $1.19 after the company reported worse-than-expected Q4 EPS results. Thor Industries, Inc. (NYSE: THO) dropped 6.7% to $83.01. THOR Industries announced a regular quarterly cash dividend of $0.43 per share. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Looks like we have topped for the week. A little pullback to end it now. Hmm SMH is currently at the low of the week. We'll see what happens to it the next couple of days.
Capitalize on the best market segments with the newly launched Fairlead Tactical Sector ETF The Fairlead Tactical Sector ETF: TACK has hit the financial market on Wednesday and offers investors a way to gain exposure to risk-on and risk-off sectors of the market at the right time and place by capitalizing on a technically driven top-down approach to the financial marketplace. TACK is an actively managed ETF that invests in a combined weighting of SPDR Sector ETFs and risk-off SPDR treasury and gold ETFs. The ETF works with monthly data and rebalances itself on a month-to-month basis providing investors with the best opportunities to take advantage of leading sectors of the economy. At the current moment, the fund has a stake in seven S&P sectors. See list and weighting below: Materials Select Sector SPDR ETF (XLB) 12.83%. Energy Select Sector SPDR ETF (XLE) 12.83%. Financial Select Sector SPDR ETF (XLF) 12.81%. Utilities Select Sector SPDR ETF (XLU) 12.72%. Health Care Select Sector SPDR ETF (XLV) 12.68%. Technology Select Sector SPDR ETF (XLK) 12.49%. Consumer Staples Select Sector SPDR ETF (XLP) 12.05%. Moreover, from a risk-off stance, TACK also has positions in SPDR Gold Shares (GLD), SPDR Portfolio Short Term Treasury ETF (SPTS), and SPDR Portfolio Long Term Treasury ETF(SPTL), weighted at 3.95%, 3.94%, and 3.66%, respectively. TACK offers a new twist to take advantage of the S&P 500 (SP500) by picking and choosing which market sectors are best fitted at different times. The ETF also comes forward with a 0.70% expense ratio. Additionally, Fairlead Strategies employs a systematic approach to technical analysis when evaluating the financial markets. The firm is focused on the identification of important support and resistance levels along with the identification of trend-following, overbought/oversold, and relative strength levels. Only invests in ETFs, so I guess it won't have any bitcoin.
Yeah SMH continues to look weak Semiconductor is one of my favorite sector but I haven't bought any of them lately even when I was looking to buy a tech stock or two on a red day
I am back in DRIP at $2.56 just before the closing bell, hard to resist whenever oil has a big green day
Top of the morning Stockaholics! Happy Thursday to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are under 4 hours from the cash market open. GLTA on this Thursday, March the 24th, 2022.
The pre-market thread is now up on the r/StockMarket subreddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Thursday, March the 24th! https://www.reddit.com/r/StockMarket/comments/tm4eyq/324_thursdays_premarket_stock_movers_news/
Morning Lineup - 3/24/22 - Energy Back on Top Thu, Mar 24, 2022 We've had a positive tone in equity futures for most of the night and into this morning, although the magnitude of the implied gains has been waning in the last several minutes. Initial and continuing jobless claims were just released and both came in lower than expected falling to levels not seen in more than 50 years! Durable Goods Orders, however, weren't as strong with both the headline and ex Transportation readings coming in at negative levels. On the geopolitical front, today's NATO summit is likely to result in some headlines later today as more sanctions will be announced. On the ground in Ukraine, Russian troops still appear to be facing much more significant than expected resistance. For more on that, check out our commentary in today's report. The strong resistance on the part of Ukraine has been impressive and welcome, but also raises the risk of Russia taking more drastic measures to win the war, something none of us hope to see. After a brief period mid-month where the sector took a back seat performance-wise, Energy finds itself back on top of the leaderboard with a gain of over 8% in the last week. For the year, Energy is up nearly 40% and once again remains the only sector in positive territory for the year. For much of the year, Energy's gain meant pain for sectors like Consumer Discretionary and Technology, but both of these sectors are currently ranked in the top four of the eleven sectors with gains of 4.2% and 2.5%, respectively, over the last week. At the bottom of the list, no sectors are down in the last week, but defensive like Real Estate, Health Care, Utilities, and Consumer Staples have lagged with gains of less than 1%. So the market has been in a bit of a risk-on mode lately. Despite their underperformance over the last week, Utilities and Health Care are two of just four sectors that are in overbought territory.
One very good sign for the market this morning is in the sector of semiconductors; SMH gapped up, and thus it is looking like it will hold support for this week. If SMH gets over 269 then the market is going along with it.
