Sorry for the crude side-by-side comparisons...but nice bullish flags across all 3x major indices, with IWM noticably 'out-performing.' Given how it's been a leading index this year (albeit to the downside, initially), I wonder if these are setting up for some good news by week's end.
Top of the morning Stockaholics! Happy Hump Day to all! And welcome to the new trading day and a frrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are over 3 hours from the cash market open. GLTA on this Wednesday, June the 8th, 2022.
U.S. consumer credit rockets to new record-high in April - MarketWatch The consumers are racking up debt despite I keep hearing how healthy the consumers are by sitting with 2 trillion dollars of excess savings
LOL the kiss of death from Cramer He is flip flopping so much though lol, he wasn't nearly as bullish on energy not too long ago Charts suggest upside for oil is limited despite short-term rallies, Jim Cramer says - YouTube
True, but now that it's getting back to the highs (which, interestingly, it took a mere few days to get to last time vs. the months it's taken to return since then) he's gotta keep it pumped up. After all, some retail investors are needed to buy up all of Mr. Market Mover's remaining shares
Oh yea -- wow, look at that I wonder if we'll see another bounce? My concern (and the reason why I don't think I'll swing trade it) is the fact we've already seen a very decent bounce when it initially filled that Fall 2018 gap just a week-ish ago.
A four-day workweek test is on in Britain, part of effort to boost employee well-being and business success. (nbcnews.com) I wonder if we will try it out in the future too here in the US
have a great rest of your week guys! going to be beach bound from tomorrow AM up 'till tuesday of next week...very much a loooong overdue trip for me here as admittedly the "daily grind" has been getting to me a bit lately lol. hoping this trip will be what i need to get my very depleted batteries a nice recharge haha. haven't really done much traveling since covid, and certainly no beach trips in nearly a decade long which for me is a bit insane to say the least lol. @T0rm3nted if you're reading this, feel free to fill in for me on those pre-market posts until i'm back (next tuesday is my return date). thanks! curious to hear what the latest cpi prints. think that's friday which of course i will miss all good. will catch up with you all next week! edit: btw, there will be no reddit weekly market thread or earnings calendars posted from me in here this coming weekend unless @T0rm3nted can get the earnings whispers calendar posted. earnings season is all but over so should be a really light calendar week either way.
I'll try to remember. Things picking up at work and at home the lsat couple months! Enjoy your break!
NatGas fast approaching $8 -- I suspect we'll see some kind of a bounce off $8 -- whether it's intraday or longer...who knows. If it breaks that level on a daily close, then confirms the move...well...watch out below!
I'm not really interested until the SPX hits somewhere between 3850 to 3880. 4200 seems to be a significant resistance level now. It should be at 4400 or 4600 by now. But buyers are not buying, even with this "steep discount" from 4800. Interesting
Market moving lower ahead of the CPI and the consumer confidence data tomorrow Hard to get all that excited with the market now when QT is staring and global central banks are hiking rates to fight against inflation and we have no idea how many rate hikes they need to do to bring down inflation
XHB up slightly for the day despite the market is down big, lumber prices are falling down pretty hard lately
SPX at 4030 basically with 5 minutes left for Thursday. Only 130+ more to go. Later comment = Closed at 4017. Looking nice so far. The levitation act was interesting.
