Daily Range Square of SPY ETF. Original range was Oct-Jan ranges. Trend has been up for 30 trading days since June low. This current 3 day swing has been up 12 trading day (which a place watch for change).
What if they shoot down her plane? Rally? Crash? Or Chinese can take her prisoner. It will be entertaining.
Top of the morning Stockaholics! Happy Tuesday to all of you! And welcome to the new trading day and a fresh 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, August the 2nd, 2022.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Tuesday, August the 2nd, 2022! LINK: https://www.reddit.com/r/StockMarket/comments/weab4g/82_tuesdays_premarket_stock_movers_news/
Morning Lineup - 8/2/22 - Oil's Not Well Tue, Aug 2, 2022 With Speaker Pelosi reportedly en route to Taiwan as we type this, markets are on edge this morning as China has threatened military action if the planned trip takes place. Only Chinese authorities know exactly what the response will be, but we would expect more bluster than bite. After a relatively slow day of earnings news yesterday, today will be a busy day, and there have already been a number of important reports this morning from the likes of Caterpillar (CAT), Uber (UBER), and Marriot (MAR) among others. After the close, among others, we'll hear from AMD, Gilead (GILD), Occidental (OXY), PayPal (PYPL), and Starbucks (SBUX). 32 years ago today, Iraq invaded Kuwait, spurring a monumental surge in oil prices. In the first five trading days of August alone, WTI surged more than 35% and nearly doubled in price through the fall as tensions in the region boiled over. There are still more than enough geopolitical issues around the globe today to worry about, but unlike in August 1990, crude oil prices have been moving in the opposite direction. After briefly trading above $130 per barrel earlier this year, crude oil has declined nearly 30% from its peak to under $95 per barrel, and just yesterday, closed below its 200-DMA for the first time in over six months. As shown in the chart below, yesterday’s close below the 200-DMA ended what was the 12th longest streak of consecutive closes above the 200-DMA for WTI since the early 1980s. The streak that just ended was the longest since the 269 trading day streak that ended last November. That streak was the third longest on record trailing only the 276 trading day streak that ended in April 2000 and the 330 trading day streak that ended in August 2008.
whale watching. ---- Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA CALL SWEEP BULLISH 08/05/22 $950.00 $84.6K 12.3K 35.0K TSLA CALL SWEEP BEARISH 08/05/22 $955.00 $78.8K 1.8K 2.2K TSLA CALL SWEEP BEARISH 08/05/22 $900.00 $74.6K 8.7K 34.3K TSLA CALL SWEEP BULLISH 08/05/22 $900.00 $73.5K 8.7K 33.7K TSLA CALL SWEEP BULLISH 08/05/22 $940.00 $73.5K 4.8K 7.8K
Here are the most notable earnings releases due out after today's market close. NOTABLE TICKERS WITH ER AFTER TODAY'S CLOSE: ($AMD $PYPL $SOFI $OXY $ABNB $SBUX $GILD $LTHM $EA $PXD $MSTR $CZR $SEDG $CHK $CTRA $RNG $PAYC $CWH $MTCH $EXAS $MCHP $PRU $TX $SKY $ATEN $BGFV $FMC $HLF $CRUS $PRTS $FNF $AYX $TCS $AIZ $HRZN $OI $EXR $DENN $DCP $APAM $CDLX) EW CALENDAR:
Here are the most notable earnings releases due out before Wednesday's market open. NOTABLE TICKERS WITH ER BEFORE TOMORROW'S OPEN: ($MRNA $CVS $UAA $DQ $EPD $GNRC $REGN $YUM $SUN $FUN $BRY $MGY $CARS $EXPI $MPW $EDIT $CDW $HZNP $AMRN $SAFE $DT $SSYS $TUP $PERI $DISH $SPR $MKL $ABC $PPL $BFLY $EXC $ATHM $BIP $BERY $UTHR $DAN $OSW $TGI $BDC $TT $CRL) EW CALENDAR:
Economic and Fundamental charts. I have a lot of charts with data from GDP to Employment to Debt/Bond to Manufacturing to Construction (and even COVID data). Is there an interest for those charts at Stockaholics? If so, I can create a new forum (or someone can) for Economics. Let me know. I don't want to fill up this group with information no one wants to see.
End of Day SPY Swing Chart. Low volume down day. Price remains below the 30wma. Three day swing remains up. .
Stock fundamental reports I also generate a weekly fundamental report of most stocks. Let me know if you want me to post this as individual stocks are mentioned. I will assume a "like" is a yes. Example uploaded.
Top of the morning Stockaholics! Happy Hump Day to all of you! And welcome to the new trading day and a fresh start. Here is a quick check on those futures as we are a little under 4 hours from the cash market open. GLTA on this Wednesday, August the 3rd, 2022.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Wednesday, August the 3rd, 2022! LINK: https://www.reddit.com/r/StockMarket/comments/wf4ulp/83_wednesdays_premarket_stock_movers_news/
Morning Lineup - 8/3/22 - Yields on the Move Wed, Aug 3, 2022 Normally on the first Wednesday of the month, we'd be discussing the release of the ADP Private Payrolls, but that report is still on the DL as economists work on revising its methodology to make it a more accurate gauge of payroll trends in the economy. The only reports on the calendar today are Durable Goods, Factory Orders, and the ISM Services report which will all be released at 10 AM Eastern. It's been another busy day for earnings, and the results continue to surprise to the upside with EPS and revenue beat rates that are higher than most analysts and strategists would have expected heading into earnings season. Equity futures are higher this morning, oil is higher as OPEC+ only agreed to a small increase in daily output, and Treasury yields are continuing their steep run higher which began yesterday morning at right around this time. After trading well below 2.6% yesterday, the yield on the 10-year is now pushing 2.8%. As oil prices have pulled back in the last couple of months, stocks in the Energy sector have also experienced a hiccup as growth-oriented names have enjoyed some time in the sun. Technology is one sector that has experienced a rebound, and that bounce has shown up in the chart of Energy's relative strength versus the Technology sector. From the summer of 2020 through late last year, there was a push and pull with lots of noise between the two sectors, but neither one had anything to show for it as they essentially performed in line with each other during that entire period. Beginning in late 2021, though, when the Fed apparently got religion with respect to surging inflation, tech stocks plunged while energy names surged. That run essentially continued uninterrupted right up to mid-June. In the span of under two months, though, Energy has given up 40% of its outperformance versus Technology. Easy come easy go. Given its outperformance in the years coming out of the Financial Crisis, there's almost a Pavlovian instinct for investors to look towards the technology sector for outperformance. Over the last two years, though, the sector has essentially generated zero alpha. Comparing the sector's relative strength to the S&P 500, Technology is barely positive versus August 2020.
How to Create a Map for Stock Analysis . A box is drawn around a move. In this case the significant move of the 2009 low to the 2022 high. The box is divided into 1/8 sections in both price and time. The light gray dashed lines form a "grid paper" for future analysis. Gann used 1x1 grid paper because it was all he had. I have a computer so I can make the grid paper match the equation of the actual move in price and time. With this simple grid I can easily see where the reaction move (starting in January) is in relation to the original move. Here, price dropped quickly in early 2022 to below 1/4 of original move. The diagonals start with the 1x1 angle from bottom to top (or top to bottom). This is the slope of the entire move. The 2x1 angle shows price moving twice as fast as the original move. [Note that this like a 3db change in signal processing.] Here, price moved down at 8 times the speed of the original move. The beginning of a trend change will often move this fast. Now price has reacted back to the 1/4 angle (half as fast as the drop began). That is about it. The chart is a map. It says nothing. It is up to the map reader to make guesses as to the next destination. Have fun! .
Here are the most notable earnings releases due out after today's market close. NOTABLE TICKERS WITH ER AFTER TODAY'S CLOSE: ($MRO $LCID $MELI $ET $EBAY $BKNG $APA $FTNT $ALB $FSLY $RUN $SKLZ $MGM $NTR $CPE $CLX $FSR $MCK $LUMN $YELL $QRVO $BAND $O $CDEV $IIPR $RVLV $ELF $NOG $SM $MET $PDCE $ALL $CCRN $ACLS $AEVA $PAA $FICO $BMRN $ALGT $CFLT $ALSN) EW CALENDAR:
Here are the most notable earnings releases due out before Thursday's market open. NOTABLE TICKERS WITH ER BEFORE TOMORROW'S OPEN: ($BABA $DDOG $CROX $COP $K $LLY $LNG $PENN $NKLA $W $PARA $YETI $FVRR $LSPD $DUK $CI $AUPH $BLCO $EPAM $SHAK $MUR $RIDE $PZZA $TM $GSL $SHIP $NRG $LNTH $ABUS $ZTS $ADT $SEAS $CEIX $ABMD $JCI $BCRX $FIS $APD $WMS $DK $WCC $ROLL) EW CALENDAR:
Some big gains today...but some noticeable stocks not able to keep pushing high. PYPL sputtered, never even toughing the after hours high. AMD was down in a sideways day for itself. SEDG was down huge, taking the entire solar industry with it today. Very intriguing I thought, since the solar industry has been the strongest one in the whole market, why an individual ER would fare so poorly, when the rest of the market was up huge. Today was a hugely extreme day. Cyber security stocks have really been crapping out on their ERs, tonight FTNT joined the list of whoever has reported so far, basically. We see stocks making huge recoveries...but then a lot of stocks are still taking huge hits.
