Daily Discussion - Main Discussion thread

Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.

  1. removedatuserrequest

    removedatuserrequest Well-Known Member

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  2. removedatuserrequest

    removedatuserrequest Well-Known Member

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  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    If we get a hot CPI on Wednesday then it could be the catalyst to push the market down, we should see a slight slowdown in inflation but the question is how much slower :eek:
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    SWAV the only good ER this afternoon.
     
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  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    LMND is picking up after the conference call.
     
  6. Edson wag

    Edson wag Member

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  7. removedatuserrequest

    removedatuserrequest Well-Known Member

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    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 under 4 hours from the cash market open.

    GLTA on this Tuesday, August the 9th, 2022. :cool2::thumbsup:

    [​IMG]
    [​IMG]
     
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  8. removedatuserrequest

    removedatuserrequest Well-Known Member

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  9. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Morning Lineup - 8/9/22 - Small Improvement in Small Business Sentiment
    Tue, Aug 9, 2022

    Yesterday it was NVIDIA (NVDA), and today it's Micron's (MU) turn as the company lowered revenue guidance citing a challenging market in which customers were working down inventories. Today's revenue warning is the second in just over a month. The last time MU lowered guidance on June 30th, it said sales for Q4 would come in at a range of $6.8 billion to $7.6 billion compared to analysts' forecasts of $9.1 billion. This morning, MU is saying that revenues will come in at or below the low end of its guidance from June 30th. In other words, in the span of a month and ten days, MU has lowered sales forecasts by at least 25%!

    Given the warning from MU, the negative tone in the futures market this morning has been most pronounced in the Nasdaq where futures are down more than half of one percent. Along with the weakness in equity futures, bond yields are modestly higher and crude oil is up over 1%. In economic data, Small Business Sentiment came in modestly better than expected, rising slightly from last month's level, while Non-Farm Productivity was roughly in line with expectations and Unit Labor Costs were higher than forecast.

    As the S&P 500 looks to make a higher high and break its downtrend from its high over six months ago, the cumulative advance/decline (A/D) line has already crossed both milestones. As shown in the chart below, in addition to breaking the downtrend from its high right around the turn of the year, the S&P 500's cumulative A/D line also just recently made a higher high. Even during Monday's trading, while the S&P 500 traded fractionally lower, the A/D line was actually firmly in positive territory at more than +100.

    [​IMG]
     
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  10. removedatuserrequest

    removedatuserrequest Well-Known Member

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  11. removedatuserrequest

    removedatuserrequest Well-Known Member

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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    MEGL and HKD crashing :eek2:Some inexperienced retail traders got in and tried to get rich quickly unfortunately.
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    TTD up huge after earnings :eek:
     
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  14. Smokie

    Smokie Well-Known Member

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    Yes. I think the HKD was around 2,000 Wednesday last week and its sitting at 212 now. Geez...I can't play that kind of game.:)
     
    #2914 Smokie, Aug 9, 2022
    Last edited: Aug 9, 2022
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  16. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Top of the morning Stockaholics! Happy CPI Print 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 over 3 hours from the cash market open.

    GLTA on this Wednesday, August the 10th, 2022. :cool2::thumbsup:

    [​IMG]
    [​IMG]
     
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  17. removedatuserrequest

    removedatuserrequest Well-Known Member

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  18. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Morning Lineup - 8/10/22 - The Day is Here...Whether You Can Afford it or Not
    Wed, Aug 10, 2022

    It's been a quiet morning for markets so far, but enjoy the calm before the storm while it lasts. The release of July CPI comes in the next few minutes (or has already been released depending on when you read this), and in the immediate aftermath of the release at least, markets are likely to experience a surge in volatility. How long that volatility lasts will be directly correlated to how much the headline and core aspects of the report deviate from expectations.

    Over in Europe, the major equity benchmarks have seen little movement versus yesterday's close, and if the releases of CPI for both Germany and Italy are any indication (both reports came in right in line with consensus forecasts), maybe there won't be too many fireworks today. We can always hope!

    Last month, the June CPI surged 1.3% m/m which was the largest increase in headline CPI since September 2005. With the July report expected to come in at just 0.2%, it would represent the smallest m/m increase since January 2021. If the July headline CPI does match expectations, it would be just the fourth time since 1960 that the rate of increase in the m/m reading dropped by a full percentage point or more. The only other three periods where this occurred were September 1973 (-1.4 ppt), October 2005 (-1.2 ppt), and October 2008 (-1.0 ppt). In two of these three periods, the economy was either right on the cusp of or in a recession while the third period was after Hurricane Katrina when gasoline prices in the US temporarily went bananas.

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    Wherever the CPI report comes in this morning, one thing we can say is that weaker than expected reports have been hard to come by in the post-COVID world. Last month's report was the tenth straight month that headline CPI was either higher than or in line with expectations. That is the longest streak of months without a lower-than-expected report since at least 1999. Not only that, but the current streak started just a month after what at the time had been the longest streak just ended. In other words, over the last 20 months, we have seen the two longest streaks without a lower-than-expected CPI report over at least the last 20 years.

    [​IMG]
     
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  19. removedatuserrequest

    removedatuserrequest Well-Known Member

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  20. removedatuserrequest

    removedatuserrequest Well-Known Member

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    with earnings season winding down here think that ^^ will be my final "daily" EW calendar until the next round of earnings season kicks back up again :p

    hope someone found those useful to have in this thread. sure, i know these can be easily be found on EW's twitter page. but, figured having them in the daily thread here might also be somewhat useful to have. :p
     

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