White House warns of 'extraordinarily elevated' March inflation (yahoo.com) Looks like we don't have to wait till tomorrow to know the numbers will be bad tomorrow
A bad day for the NASDAQ but ARKK is actually holding up pretty well Cybersecurity stocks having a good day too after buyout news U.S. private equity giant Thoma Bravo acquires SailPoint (cnbc.com)
BREAKING: Philly Reinstates Indoor Mask Mandate – NBC10 Philadelphia (nbcphiladelphia.com) Not seeing the numbers suggesting COVID is on the surge again in the US. There is a COVID testing site nearby my home though and I see cars lining up for testing today, haven't seen it for last 2 months or so.
Yeah I remain pretty bullish on cybersecurity. Looks like the big techs like AAPL, MSFT and TSLA got dumped today but those smaller tech companies actually held up okay today
Chinese tech held up nicely too. I'm eyeing a few to re-enter: TDOC, PDD, etc -- and I already sold some puts in BABA And, of course, natgas continues its tear...loaded up on more UNG puts and may add to my KOLD position tomorrow as well if we see another pop like today.
Yeah I feel like some Chinese tech stocks are pretty good values here after the beatdown last year, high political risks but I guess the risks are mostly priced in. For now I am still holding FXI only though rather than individual stocks
Well the CPI was bad and it is amazing that the FED has just hiked rates once by now They need to hike by at least 50 basis points for sure next month
Healthcare (XLV) has been a star lately but it has been pulling back so far this week along with the market
Let's see if gold can finally breach that 2K mark in the near future, gold should do well if inflation is not easing anytime soon even if the US dollar is strong
The futures are looking good right now; today might have been the low of the pullback. Bulls need to hold today's low til the end of the week. If QQQ can get over the 200 sma in 2 weeks, then we can have a good May.
Hopefully we can avoid the “Sell in May and Go Away” Cliche. LoL. IMO this is a already an “Un-Seasonable” Year for the Markets so let’s Defy the Markets Month of May “Seasonality” LoL. Let’s See. -IndependentCandy14
I'm hoping for one more pullback in gold; I definitely want to get in on the long side, just hoping for one. more. pullback.
Difficult this week. I could have exited at 4460 or 4470 yesterday, Tuesday, after entering at 4415 on Monday but didn't. So, today, Wednesday, just existed at 4340 for profit taking and risk management. Could go up but yesterday taught me that profit taking is key in this volatile environment. Hopefully, another strong collapse for another good long entry. The SPX hovering around the 4430 to 4435 level now on Wednesday, mid-day. Not much volume today, it seems.
A red hot PPI number this morning Jamie Dimon also sounded a lot less upbeat on the economy than he did earlier this year when JPM reported earnings this morning.
