Looks like we will finally end the weekly losing streak this week, don't think we reach the longer term bottom yet though, I can't feel confident in this market until we see signs of inflation starting to ease
I agree, I will be pulling back tomorrow and just letting my cash earn its little 1% APR that Robinhood is currently offering for unvested funds. Might make a play or two next week once I get a couple day trades back in my pocket. Only getting 3 a week is corny.
Top of the morning Stockaholics! Happy Friday to you all! And welcome to the final trading day of this 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 Friday, May the 27h, 2022.
Also, just a quick reminder for y'all's in here that US equity markets will be closed this coming Monday (May the 30th) for the upcoming Memorial Day holiday stateside. Globex equity futures will operate on an abbreviated session on Monday, halting at 1PM eastern time, then reopening at 6pm eastern time that evening for resumption of normal trading hours. I'll be mostly MIA this coming weekend into early next week as well. So, will wish all of you here a very safe and wonderful long 3-day weekend ahead. Catch y'all's back at it bright and early in the AM on Tuesday hopefully.
Morning Lineup - 5/27/22 - Up. Finally? Fri, May 27, 2022 Is this the week markets finally manage to scratch out a rally? Barring an absolute collapse into the three day weekend, US stocks are poised to finish off the week significantly higher, but before we get to the closing bell, there's a bunch of economic data to get through, including Wholesale Inventories, Personal Income and Spending, the PCE Core Deflator, and Michigan Confidence. Treasuries are modestly higher, equities are flat, crude oil is slightly lower, and bitcoin is down heading into the final session before a three-day weekend. Memorial Day weekend marks the unofficial start to the summer driving season, and prices heading into the period have surged both this month and on a YTD basis. The national average price of a gallon of gas, according to AAA, sits at $4.60 per gallon, which is up just under 10% this month (third-largest increase since 2005) and 40% YTD (second largest YTD increase since 2005). The 40% YTD increase is more than twice the historical average and follows what was a 35% YTD increase last year. There's pain at the pump. Gas prices have no doubt surged, but if there's any potential silver lining, it is that from a seasonal perspective, we're at the point in the year where prices tend to peak. Whether prices follow that seasonal pattern this year, though, remains to be seen.
Definitely up right now! I hope short term traders out there are pocketing profits...because who knows what next week will bring.
I am loving my trades. I loaded up on TREE a couple days ago and was able to sell at a healthy profit today, same with JOBY. Sold out of all my other positions as well and managed to turn a nice 5% day. (NKE, GOOGL, BLK, and TSM) I rolled my money into LOVE aka LoveSac (+3.7% currently) about 50%, BROS aka DutchBros (-1.5%) about 10%, and C aka CitiGroup (-0.25%) about 40% I will be holding these 3 through the long weekend. Will re-evaluate on Tuesday. I am expecting to see a dip here in the final hour as people cash out on this rally. Hopefully I can close my day at atleast +3%
I think it is just a bear market rally and we still haven't seen the lows of the year just yet but a bear market rally can be violent and go on for awhile, I will take some profits off the table for my long positions before the close today but we will see if the positive momentum can go on for a few more sessions next week. Have a good long weekend guys
Gooooooooood Friday evening and a happy start to the long 3-day holiday weekend to all here at Stockaholics. (A much earlier edition from me here due to being largely MIA this coming weekend.) 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/uz8rbf/wall_street_week_ahead_for_the_trading_week/ Next week's most anticipated earnings calendar from EW has yet to be published to the public. Check back over this weekend as I'll be throwing up the calendar in here once it is officially out. In the meantime, here are some of the the highest vol earnings for next week as well as Tuesday's pre-market notables. Have yourself an absolutely splendid 3-day weekend y'all's! And here's to another crazy awesome trading in the new week ahead. Get that moola! Will catch up with y'all's same bat time, same bat channel bright and early in the AM on Tuesday. Cheers! (Remember the US cash market will be shuttered on this coming Monday for the Memorial Day holiday. Globex equity futures will operate on an abbreviated session. Opening at their usual Sunday 6pm eastern evening open, then halting at 1pm eastern on Monday afternoon, before reopening at 6pm eastern that evening for resumption of normal trading hours rest of the week.)
Top of the morning Stockaholics! Happy Tuesday to you all! And welcome to the final trading day for the month of May 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 Tuesday, May the 31st, 2022.
Hope you guys made some money in May, we will see how June will play out for this market. Still leaning bearish
Top of the morning Stockaholics! Happy Hump Day to you all! And welcome to the new trading month of June and a frrrrrrrrrrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are over 2 hours from the cash market open. GLTA on this Wednesday, June the 1st, 2022.
Not the greatest start for June. QT starts this month, we will see how the market will do with reduced liquidity.
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 over 2 hours from the cash market open. GLTA on this Thursday, June the 2nd, 2022.
This seems like the SPX 4200 test I expected. But, unfortunately, I've been out. I don't like this level. I'd rather protect my current account level and work with a more meaningful level
