Pulled back to Monday's low, retracing the gains of the week. Still if we finish strong, then looking for a new high next week.
Gooooooooood Friday evening and a happy weekend ahead to y'all's! Bit of an earlier edition of the market week ahead thread for me once again here due to being very busy and away this coming weekend. Nevertheless, here is the market week ahead thread which is now up on r/StockMarket subreddit for anyone looking for a quick read over this weekend: https://www.reddit.com/r/StockMarket/comments/tu6qhy/wall_street_week_ahead_for_the_trading_week/ <- (click there to view!) Next week's notable earnings calendar has to yet to be published, but I'll have this post edited just as soon as it has. Anyway, have yourself a wonderful weekend everyone! And here's to another awesome trading week ahead! Good luck to all of you in this brand spanking new trading month and quarter. 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 about 3 hours from the cash market open. GLTA on this Monday, April the 4th, 2022.
Morning Lineup - 4/4/22 - Elon Flips the Bird Mon, Apr 4, 2022 Heading into today, it was looking like a quiet start to what was looking like a slow week as the economic calendar is light and earnings season doesn't kick off for at least another week. That changed a bit following news that Elon Musk had taken a passive 9.2% stake in Twitter (TWTR) pushing the stock up by more than 25% in pre-market trading to its highest level since late November. Last week on Twitter, Musk made the statement at the top of this note and then followed up with the question, "What should be done?" Well, this morning we appear to be getting an answer. Twitter has long been criticized for not realizing its full potential, and TWTR shareholders are hoping Musk can move the company in that direction. With the stock poised to open up more than 20% this morning, it will be just the fourth time in its history as a public company in 2013 that TWTR has gapped up more than 20%. Two of those days were in reaction to earnings (July 2014 and February 2018), and then on the day of its IPO in November 2013. Today, it's all Elon.
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 Monday, April the 4th! https://www.reddit.com/r/StockMarket/comments/tw1jb0/44_mondays_premarket_stock_movers_news/ <- (click there to read!)
Looking for a new high this week, then a pullback which may provide a platform for news to blabber about the yield curve inversion. The inversion is a very big thing, but it takes years to play out.
Transports got hammered last Friday and it is underperforming again today Thanks to Elon Musk I am now in profit with my TWTR position
Top of the morning Stockaholics! Happy Tuesday to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are a little over 3 hours from the cash market open. GLTA on this Tuesday, April the 5th, 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 Tuesday, April the 5th! https://www.reddit.com/r/StockMarket/comments/twtrd3/45_tuesdays_premarket_stock_movers_news/ <- (click there to read!)
Contrarian energy plays are looking good right now...I may be getting back into SCO and/or shorting UNG
As long as the FED remains hawkish and inflation remains high, we should continue to see volatility rather than smooth sailing back to the ATHs. Homebuilders and semiconductors have been weak for awhile but now seems like the transports want to roll over too. Utilities have been a pretty decent place to hide, I bought D at $72.79 last November basically for the dividends and a safety play and I am up 18% now, didn't expect it to do so well to be honest
Top of the morning Stockaholics! Happy Hump Day to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are a little under 3 hours from the cash market open. GLTA on this Wednesday, April the 6th, 2022.
Morning Lineup - 4/6/22 - Hard Time to be a "Vampire" Wed, Apr 6, 2022 It's looking like it's going to be one of those days. Futures were just modestly negative overnight but then started to really weaken as Europe opened for trading and things haven't stabilized since. The S&P 500 faces losses of around 1% at the open with the Nasdaq down over 1.5%. If equities were looking to rally coming into the week, yesterday's Fed commentary put at least a temporary stop to that. Interest rates are higher across the curve and the 2s10s yield curve has steepened well out of inverted territory, but that comes along with yields on the 10-year above 2.6% to its highest level in just over three years. The economic calendar is light today as weekly mortgage applications were the only release, and they fell 6.3% following a 6.8% last week and an 8.1% decline the week before that. Besides that, Energy inventories will be released at 10:30 and the Minutes from March's FOMC meeting will be released at 2 PM. Philly Fed President Harker and Richmond Fed President Barkin will also be speaking this morning. For bond investors, these days are tough indeed. With inflation rampant around the world and central banks finally putting the brakes on the gravy train of liquidity, the increase in interest rates has been relentless with bond prices seeing some of their largest declines in years. A case in point is the iShares 20+ Year US Treasury Bond ETF (TLT). It's already down 13% YTD and indicated to open lower today by another 1%. The chart below shows historical drawdowns from record closing highs in TLT since its inception in late 2002. Based on where the ETF is trading this morning, it has now declined 26% from its last record closing high back in early August 2020. Throughout its history, there have only been a handful of other periods where TLT ever experienced a peak to trough decline of more than 20%, and the only other time it dropped more was coming out of the Financial Crisis.
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 Wednesday, April the 6th! https://www.reddit.com/r/StockMarket/comments/txljri/46_wednesdays_premarket_stock_movers_news/ <- (click there to read!)
Initial reaction to the Fed was a little bump, now it looks like it will go redder. I no longer think we're getting that high this week Making a shopping list though.
is it just me, or do the markets feel a bit uninspiring lately? i mean, i have no skin in the game atm, and don't plan to trade again until sometime in h2 most likely. but, can the markets be anymore mundane than they've been as of lately? i mean, sure you'll always have your individual movers that are making some moves for sure. but, the price action on the majors have been all over the map for the past few weeks now lol. the best analogy i could use here is like a flea on crack if you will haha. doesn't know what it wants or where to go. so far this pullback/selloff/or whatever we want to call it has been very much on the "orderly" scale to me. nothing much to see here for now....just a whole lotta choppy action in both directions. we'll see how things shake out over the course of the next couple of weeks/months ahead. perhaps we'll finally get some decisive direction whether that's up or down. i know this week was a really lite week for econ news and what not. i think we'll get the new CPI figures sometime next week, and the kickoff to earnings season and the whole 9 yards. hopefully that'll spice things up in the market again. for now though, man this market is defo super uninteresting for me here at least. we're kinda sitting in no-man's land here, essentially sitting about the middle of the entire range of the correction we've had this year from the ATH down to those feb. lows. maybe the "sell in may and go away" period will actually come to fruition this year for a change, as i believe that hasn't really worked much over the years either lol. hope you all are having a pretty good week, and nice spring season up to this point. i know i've only been coming around on here in the AM's to post my pre-market stuff. it's just that i've been super hella busy with RL (real life) lately, with hardly much time to monitoring the every day markets anymore. couple that with the markets kinda boring me out the past few as well haha.
I will make a shopping list too Looking for entries into some transports or semiconductors stocks if they go down low enough
LOL I didn't think about May all that much yet but yeah it could get pretty ugly in May with the FED seems to be getting more hawkish and hawkish while inflation showing no sign of easing.
