Seems like growth names are doing better than value today Bought some DXJ yesterday to play the possible yen weakness and also some AEM (gold miner) just in case if we will really see stagflation.
Stock Market News on Twitter: "Apple $AAPL is poised to slash iPhone production goals due to the ongoing chip shortage Apple reportedly now expect to make 10M fewer iPhones than originally planned according to Bloomberg" / Twitter AAPL shares lower after the bell
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 today and rest of this week! https://www.reddit.com/r/StockMarket/comments/q7a0o9/1013_wednesdays_premarket_stock_movers_news/
Morning Lineup - 10/13/21 - Bracing For Inflation Data Wed, Oct 13, 2021 Earnings season kicked off this morning and all five of the major companies reporting before the bell topped consensus estimates. In terms of share price reactions, four of the five names are either flat or slightly higher, but SAP which reported an earnings triple play is trading up over 5% in the pre-market. So far, so good. With all of the earnings reports out of the way, the focus will shift to CPI and how bad the inflation pressures were on the economy in September. Then, at 2 PM the FOMC will release the minutes from its most recent meeting three weeks ago. With consensus estimates anticipating headline CPI to rise 0.3% on a month/month basis in September, it would represent the 10th straight month that headline inflation came in ahead of the five-year average of 0.2%. That being said, if the actual m/m increase comes in close to forecasts of 0.3% it will clearly represent a slowdown in the pace of price increases from the spring and summer months. Still above average, but getting back more in line with the historical norm.
Today is a big day for the bulls, as the SPX and NDX currently have 3-day losing streaks; if the losing streak continues...well we just had one of those a couple weeks ago. Things didn't go down much--bigger picture we are in a bull market--but a 4-day losing streak probably means the market keeps going sideways at best. So if the bulls can get today green in SPX/NDX then they give life to the hope of an October rally. Will be watching the VIX -- yesterday's high of 20.81.
Top of the morning Stockaholic! Happy Thursday 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 about 2 hours from the cash market open. GLTA on this Thursday, October the 14th, 2021!
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 today and rest of this week! https://www.reddit.com/r/StockMarket/comments/q7yse2/1014_thursdays_premarket_stock_movers_news/
I sold all my China stock 6 months ago, before the correction (crash). Time to move on and seek new opportunities now. So today I started a new position in Great Wall Motor. Impressive company, not very well known. I see some pretty high potential here.
Usually I am not a buyer on a huge up day like this today, added some CCJ and ARCH on the pullback though, basically betting the commodity rally will continue for awhile.
The McClellan Oscillator is kinda high, and VIX is down to 16.85 and anytime it goes below 16 this year it has started going back up. Maybe this week ends up trading flat, with the upside from here looking limited; the bulls still did their job by stopping the losing streak from reaching 5 days. Next week is OpEx; since May it has been a rough week for the market. But usually October OpEx is bullish.
I forgot that it is Friday already. Futures are up about 30-40 bps. Watching the VIX as it nears 16 tomorrow.
Top of the morning Stockaholics! Happy Friday to all of you! And welcome to the final trading day of the week and a fresh start! Here is a quick check on those futures as we are just 1 hour away from the cash market open. GLTA on this Friday, October the 15th, 2021!
Morning Lineup - 10/15/21 - Priced In? Fri, Oct 15, 2021 There's a decent amount of economic data on the calendar this morning with Empire Manufacturing, Retail Sales, and Import Prices just hitting the wires. Empire Manufacturing came in a bit shy of forecasts, but Retail Sales came in higher across the board. Not only that but August's reading was also revised higher. While Import Prices aren't as widely followed as CPI and PPI, the headline reading showed lower than expected increases. The increase in risk appetite from yesterday appears to be in place again this morning as futures are firmly positive (and higher now then before the data hit) and interest rates are higher. Goldman earnings just hit and the headline numbers were all much better than expected and the stock is trading up nearly 2%. We're seeing it again this morning where some companies are reporting weaker results or guidance citing the impact of supply chain issues, labor shortages, and inflation. Perhaps the biggest question heading into this earnings season is whether these issues, which are impacting just about every company out there, have been sufficiently priced into the market. In looking at Google Trends search data for these three terms, it's not as if they aren't front and center. The chart below shows the frequency of search results for the three terms (Inflation, Labor Shortage, and Supply Chain) going back to 2004, and all three have spiked enormously this year to levels not seen in the history of the data. In the case of 'labor shortage' and 'supply chain' searches for these two terms hit a record this month.
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 today on this final trading day of the week, and have yourself a wonderful weekend ahead y'all's! https://www.reddit.com/r/StockMarket/comments/q8nzdy/1015_fridays_premarket_stock_movers_news/
The first bitcoin futures ETF in the U.S. is set to begin trading next week (cnbc.com) The ProShares Bitcoin Strategy ETF, which will give exposure to bitcoin futures contracts but not the spot market, will trade under the ticker “BITO.”
