Yeah unfortunately crimes are going up in a lot of states in this country and high inflation doesn't help. I guess I will try to avoid filling the gas at night if possible
What a rally by SMH today They have been mostly lagging lately when the NASDAQ was rallying but today they led the NASDAQ rally. Haven't bough any chip stock lately and didn't average down with my losing positions, at least I am down just over 4% for my AMD position instead of 9 to 10% after today
The yen weakness continues The Nikkei should continue to outperform if the yen weakness continues. Brazil (EWZ) also hot lately and Saudi (KSA) is also at 52 week highs thanks to high oil prices. Anything related to housing remains pretty weak though, homebuilders along with HD and LOW continue to struggle
Top of the morning Stockaholics! Happy Friday to all of you! And welcome to the final trading day of this week and a frrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are over 3 hours from the cash market open. GLTA on this Friday, March the 25th, 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 Friday, March the 25th! https://www.reddit.com/r/StockMarket/comments/tnkvv5/325_fridays_premarket_stock_movers_news/
Morning Lineup - 3/25/22 - Semis Roll Fri, Mar 25, 2022 It almost took an entire quarter but the S&P 500 is on the cusp of its first back-to-back weekly gains in all of 2022. For the Nasdaq, a positive finish to this week would be the first back-to-back weekly gain since November. Futures are currently indicated higher, and the only economic reports on the calendar are Pending Home Sales and Michigan Confidence. Pending Home Sales are expected to bounce back modestly following January's surprise decline of 5.7%. Michigan Confidence, meanwhile, has been one of the most disappointing economic series of the last several months as it's well below its COVID lows and at levels last seen in late 2011 and before that the Financial Crisis. Markets in Europe are modestly positive with the major benchmark indices up between 0.5% to 1.0%. despite weaker than expected sentiment readings in Germany and Italy, while UK Retail Sales unexpectedly declined. Treasury yields in the US are higher again today with the 10-year up to 2.36% while the 5-year is even higher at 2.40%. Crude oil is down another 2% sending WTI down to $110 per barrel, gold is modestly lower, and bitcoin is trading above $44,500. Yesterday was a good day for the equity market, but it was especially strong for semiconductors as the Philadelphia Semiconductor Index (SOX) rallied close to 5%, and every stock in the index was up at least 2%!. In the process of Thursday’s rally, the SOX finished the day above its 50 and 200-day moving average for the first time since January and also managed to close back above its highs from last Summer (red line). We watch the relative strength of the SOX versus the S&P 500 as it has historically been a good leading indicator of the broader market. On the positive side, yesterday’s rally broke the most recent downtrend that has been in place since mid-January, but it came up just short of taking out the high end of last summer’s range. One thing the SOX has been this year is volatile. Over the last 50 trading days, the index has seen an average daily move of more than 2.5%. That ranks as the highest average daily change since the COVID crash (when it went much higher), and before that, you’d have to go all the way back to the financial crisis to find the last time daily volatility in the SOX was as high as it is now. In the post-dot-com era, this kind of volatility for semiconductors has been extremely uncommon.
Market not doing too bad considering how much interest rates are rising Energy looking strong and utilities are also strong. Pots stocks are on a tear too
U.S. Pending Home Sales Approach Two-Year Low; Consumer Sentiment Slumps | Investing News | US News The data were rather weak this morning but stocks and bonds yields still going up together
Gooooooooood Friday evening and a happy weekend ahead to y'all's here at Stockaholics! Bit of an earlier edition of the market week ahead thread for me here tonight due to being largely out of town this coming weekend. Nevertheless, here is the market week ahead thread which is now up on Reddit for anyone looking for a quick read over this weekend: https://www.reddit.com/r/StockMarket/comments/to55fm/wall_street_week_ahead_for_the_trading_week/ <- (click that link to open!) Next week's notable earnings calendar has to yet to be published, but I'll have this posted edit just as soon as it has (most likely by early AM tomo). Anyway, have yourself a wonderful weekend everyone! And here's to another awesome trading week ahead! Get that moola Will catch up with y'all's same bat time, same bat channel bright and early in the AM on Monday. Cheers y'all's!
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the new trading week and a frrrrrrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are just under 4 hours from the cash market open. GLTA on this Monday, March the 28th, 2022.
Morning Lineup - 3/28/22 - New Week Mon, Mar 28, 2022 What was looking like a positive start to the week has taken a turn for the worse as US equity futures have given up much of their earlier gains in the last few minutes. It's been a quiet morning so far in terms of economic data, and the only real fireworks are taking place at the short end of the Treasury curve and in the crypto space as bitcoin trades above $47K to its highest levels of the year. On the war front, Russia's stalled advance has that country now narrowing its focus to the 'liberation of Donbas' so there is some optimism that talks this week could lead to some sort of peace breakthrough. It's the last several days of what has been a very volatile quarter, so don't be surprised to see more of it as we close out the quarter. US stocks are still well off their highs from late 2021 and early 2022, but in the short-run, most are either close to or at short-term overbought readings. The S&P 500 moved into overbought territory last week for the first time since January 4th, and at current levels is just shy of taking out its early February highs - a level it stalled out twice at in the first ten days of February.
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 first trading day of the new week, March the 28th! https://www.reddit.com/r/StockMarket/comments/tq8nxq/328_mondays_premarket_stock_movers_news/ <- (click there to open!)
Would like to see QQQ retake the 200 sma this week...if not then I think we could see it playout where April sees a pullback, perhaps in conjunction with the yield curve inverting and that freaking everyone out. But even then I'm looking to be a buyer, and looking forward to May when the ERs pick up again.
Nice move by TSLA today on the stock split news I got lucky by averaging down last Friday and got out with profits today Now I am out of the stock and I guess it will continue to rally without me
Might be the best part of this WOKE show. But I thought Will Smith had a better punch in "Ali" Never mind. I doubled my TQQQ position 2 weeks ago, and it works out very well.
