I got out of RWM that I got in yesterday for a tiny 0.5% profit before the FED decision, might get back into PSQ before the closing bell. Market going up would still be better for me overall but need hedges in this kind of environment
IMO Travel Stocks Still have Room to Run. I am a Holder for the Long Term. Every Single Person that I Know Closely Enough to Talk About Travel Plans To, LoL, Has A Trip Booked, Went on a Trip, or is Planning to Book a Trip. The Majority out of this Group are doing Multiple, 3-5, Trips this Year. -IndependentCandy14
Top of the morning Stockaholics! Happy Thursday to you all! 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 4 hours from the cash market open. GLTA on this Thursday, May the 5th, 2022.
Morning Lineup - 5/5/22 - Back to Reality Thu, May 5, 2022 Futures are moderately lower this morning following yesterday's major post-Fed surge. After taking the declines into account, though, the S&P 500 is still higher than it was heading into the last hour of yesterday's trading. Economic data this morning was mixed to negative. Non-Farm Productivity and Initial Jobless Claims were weaker than expected, Unit Labor Costs were higher than expected, and Continuing Jobless Claims were the only data point that was stronger than economist forecasts. In today's Morning Lineup, we recap overnight events in Asia and Europe (pg 4), the BoE's latest policy decision (pg 5), other Asian and European economic data (pg 6), and a lot more. With the market rallying 2% on a Fed day for the second time in a row and the S&P 500 rallying more than 1% in the final hour of trading for the second time this week, you can't fault investors for feeling a sense of deja vu. As noted on Twitter, yesterday was the first time since April 2009 that the S&P 500 rallied more than 2% on back-to-back Fed days. Shifting the focus to last-hour rallies, 1%+ gains in the final hour of trading aren't nearly as uncommon. Since the mid-1980s, it has happened 168 times and looking at the chart, they have occurred in all types of market environments - uptrends, downtrends, near peaks, and near bottoms, so it's hard to read too much into their significance.
Yeah, yesterday might have been a feeble, one day attempt at that SPX 4450 level. Now, seeing what has happened this morning on Thursday, it's shifted to the SPX 4300 level as the target to test, and no longer the 4450
Wow another brutal day for the bulls Have to lean bearish until the inflation madness starts to slow down a little bit, I entered PSQ right before the closing bell yesterday but didn't expect it to be up well over 5% today
3-day winning streak almost completely nullified. At least got a bounce end of day. Curious to see how high we can bounce tomorrow.
Top of the morning Stockaholics! Happy Friday to you all! And welcome to the final trading day of the week and a frrrrrrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are about 3 hours from the cash market open. GLTA on this Friday, May the 6th, 2022.
Happy 12-year anniversary (has it really been that long?!) of the very original "flash crash" today! And perhaps one of the greatest audio clips ever heard, per Ben Lichtenstein's crazy near 10 minutes of squawking the spuz futures from the pits in Chicago that day. Here's a quick trip down memory lane for y'all's in case you's forgot or never knew lol. ;p
Bonds yields rising and we are facing the risks of the central banks hiking us into a recession, I will buy the dips here and there to build a longer term positions but not overly bullish until we see inflation easing. It could get pretty bad for the market if the economy slows down sharply while we still can't get inflation under control
The DOW down for 6th straight week while the NASDAQ down for 5th straight week, definitely a year for the bears so far
Gooooooooood Friday evening and a happy weekend to y'all's! The market week ahead thread is now up on Reddit for anyone looking for a quick read over this coming weekend: https://www.reddit.com/r/StockMarket/comments/uk22vv/wall_street_week_ahead_for_the_trading_week/ Next week's most anticipated calendar is not yet out, but here is the monthly view that will show some of the notables for the next 2 weeks (last 2 weeks shown on the calendar at the first link below) at least. As well as Monday's pre-market notables. https://i.imgur.com/XAPxeaw.jpg | https://i.imgur.com/p77emgb.jpg Anyway, have yourself a terrific weekend everyone! And here's to another crazy amazing trading in the new 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!
Perhaps if the mantra "buy the dip" got us through the era of stimulus, then "short the rip" will get us through the end of that era, until we return back to the 'normal' range we were in before said stimulus?
Top of the morning Stockaholics! Happy Monday to you all! And welcome to the new trading week and a frrrrrrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are a little over 4 hours from the cash market open. GLTA on this Monday, May the 9th, 2022.
Morning Lineup - 5/9/22 - Buyer Strike Continues Mon, May 9, 2022 The post-FOMC hangover has carried through the weekend as foreign equities and now the US are all trading sharply lower to start the week. Higher interest rates, higher inflation, and higher geopolitical tensions remain the key headwinds facing the equity market and fixed income, and they don't show many signs of abating at this point. The only thing equities have going for them is that every major US index heads into the week at oversold levels. In today's Morning Lineup, we recap the shifting sentiment in the tech sector to profits over growth (pg 4), Chinese trade date (pg 6), investor sentiment (pg 6), and a lot more. With equities poised to open down over 1% this morning, the S&P 500 will be trading right near new lows for the year and right around lows from last April and May. It's been a while since the S&P 500 has traded at a 52-week low, but that's a real possibility this morning. Looking at where sectors stand heading into the week, the snapshot below from our Trend Analyzer shows that last week was a mixed picture for markets. While Real Estate, Consumer Discretionary, and Consumer Staples were all down over 1%, Energy surged over 10%, while Utilities managed to rally over 1%. On a YTD picture, the trend remains the same. YTD it has been basically Energy and everything else.
Today's stock market movers and news 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, May the 9th! https://www.reddit.com/r/StockMarket/comments/ulqoab/59_mondays_premarket_stock_movers_news/ <- (click there to read!) (sorry running a little late this AM!)
