Top of the morning Stockaholics! Happy Friday to all of you! 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 a little over 3 hours from the cash market open. GLTA on this Friday, April the 22nd, 2022.
The SPX broke out of a certain range, and dropped down to another range. But, what's strange is the volume for this level of collapse. The SPX is not showing much volume
$Tick is showing some signs of institutional buying at SPX 4300 Edit: The SPX closed at 4271. There was that moment near the end where it seemed the institutional buyers were starting to show up. On another note, looks like some volume at the with 123 million for the day, with a lot of selling pressure at the end. Hmmm. My theory says the SPX will have to test 4400 at some point--but we shall see how long it will take
Basically nowhere to hide today maybe except some consumer staple stocks Chinese internet stocks mostly green today
Hey QQQ is not falling more than SPY on a down day. Shopping list has cybersecurity & semiconductors (AVGO, ASML, SIMO, etc). Gotta say, INTC is looking better than AMD/NVDA right now.
INTC hasn't really participated when the other semiconductors stocks were surging, so I guess they probably will have less downside too if we are gonna see a severe correction or bear market
The Fed Will Hike Rates 75 Basis Points in June and July, Nomura Says (businessinsider.com) Not sure if the FED will go with 75 basis points but the market is starting to worry about it, maybe they should since they are way behind the curve.
I did buy the dips a little bit but I probably will sell on Monday if we get a bounce rather than holding for too long, people said don't fight the FED on the way up with QE and I guess we probably can say don't fight the FED on the way down too with QT
Most anticipated ERs calendar for next week is out per EW. Will have the Reddit market week ahead thread linked up in here shortly as well. Have a great w/e everyone!
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 a little over 4 hours from the cash market open. GLTA on this Monday, April the 25th, 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 Monday, April the 25th! https://www.reddit.com/r/StockMarket/comments/ubk3ac/425_mondays_premarket_stock_movers_news/ <- (click there to read!)
Morning Lineup - 4/25/22 - Picking Up Where Last Week Left Off Mon, Apr 25, 2022 Last week was a brutal one for US stocks as the Nasdaq, Russell 2000, and the S&P 500 fell at least 2.5%. Sector performance within the S&P 500 was also mostly lower but varied widely. Both Real Estate and Consumer Staples managed to finish the week higher, but every other sector was down at least 1% and in many cases a lot more. Thanks in large part to Netflix (NFLX), the Communication Services sector was down nearly 8%, while Energy, Materials, and Health Care all fell more than 3%. Despite the carnage last week, though, only three sectors head into the new week at oversold levels, and two are actually overbought. What’s also interesting about last week’s declines was that the selling wasn’t confined to either just the year’s winners or losers. The two worst performing sectors are also the worst performing (Communication Services) and the best performing (Energy) year to date. In other words, there wasn’t a whole lot of rhyme or reason behind the weakness.
VIX hit 30...yet ARK funds are up +2%. QQQ outperforming SPY/DIA again. Bullish sentiment is at multi-decades low; equity funds seeing large outflows...looking hard to get more bearish.
