A pretty big dive at the end Big cap name like AAPL has been dragging up the indices recently but it finished at pretty much LOD today. If those bigger cap names begin to selloff then we might see a bigger correction for the indices as well.
Top of the morning Stockaholics! Happy Tuesday to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are about 4 hours from the cash market open. GLTA on this Tuesday, December the 14th, 2021.
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 today and rest of this week! https://www.reddit.com/r/StockMarket/comments/rg793x/1214_tuesdays_premarket_stock_movers_news/
Morning Lineup - 12/14/21 - PP-High Tue, Dec 14, 2021 Futures are lower across the board this morning, but the only index that is down of any significance at this point is the Nasdaq. The big report of the morning was November PPI and at the headline level, it came in stronger than expected rising 0.8% versus forecasts for an increase of 0.5%. Ex food and energy, producer prices were also higher than expected rising 0.7% compared to forecasts for an increase of 0.4%. As one might expect, the initial reaction in futures was weaker equities and higher yields. Both the Nasdaq 100 and the S&P 500 have been treading water as both indices are at the same levels now that they were at more than a month ago. For QQQ, the high water line is currently at just over $400 a share. It briefly broached that level in mid-November for two days but could not hold those levels before pulling all the way back to its 50-day moving average. Last week, QQQ approached the $400 level again before selling off yesterday. For SPY, resistance has been even more pronounced at the $470 level. It has now tested that level three separate times since early November but has run out of momentum each time. There's nothing wrong with equities treading water after big upside rallies, but hopefully, they have the strength to stay afloat.
Yeah growth stocks are selling off on the tightening fears. Now I am leaning toward to see growth stocks rebounding tomorrow after the FED unless Powell is even more than the market thinks
Market rebounding somewhat here I prefer a washout before the FED to be honest to feel confident that we will see a rally after the FED. Anyway the FED will be interesting to watch tomorrow, we should see some pretty big volatility after 2 PM
For this year, buying index ETFs might have been better than buying individual stocks especially if you are heavy in those growth stocks. If you are heavy in growth stocks and didn't get out with the good timing then you might not make much money at all this year even if the indicies are doing well for the year
The news feed on ESPN is showing a ton of athletes catching COVID. Multiple teams losing half their roster. This is very bullish right? If teams can lose so many players but we avoid lockdown/shutdown...
I heard the Chicago Bulls lost a lot of players due to COVID and some of their games need to be postponed I guess as long as we don't see the surge in hospitalizations then we can probably avoid the lockdown, at least so far the Omicron variant seems to have milder symptoms than the Delta variant.
Looks like a lot of NFL teams are in COVID crisis too I haven't paid as much attention to the NFL news lately since my fantasy football team is going to miss the Playoffs for sure
Block unveils new Cash App feature to gift stocks and bitcoin - YouTube Just in time to send some stocks or bitcoin as gifts for Christmas
IWM already more than 10% from its ATH, the internals have been much weaker than the major indices are suggesting
Top of the morning Stockaholics! Happy Fed Day to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are less than 4 hours from the cash market open. GLTA on this Wednesday, December the 15th, 2021.
Morning Lineup - 12/15/21 - Big Data Day Wed, Dec 15, 2021 Ahead of today's FOMC meeting, we just got some important economic data in the form of Empire Manufacturing, Retail Sales, and Import Prices. Overall, the results weren't very good. While Empire Manufacturing came in better than expected, retail sales were much weaker than expected at both the headline level and ex-autos and gas. Headline retail sales came in at just 0.3% versus expectations for a gain of 0.8%. When you factor in inflation, though, sales were negative. Lastly, import prices rose more than expected coming in at 0.7% versus forecasts for an increase of 0.6%. On a y/y basis, import prices were up 11.7%. Futures were flat heading into the report, and have actually picked up a little steam with Nasdaq leading the way. In addition to these reports, Business Inventories and homebuilder sentiment from the NAHB will be released at 10 AM. While the stock is already down 4% from its intraday high on Monday, shares of Apple (AAPL) still remain about 25% above their 200-day moving average (DMA). That's off the recent high of 28% back on Friday, but it's still elevated relative to history. Going back to 2011, there are only two periods where the stock's spread relative to its 200-DMA reached significantly higher levels than 25% while there are another three (2014, 2017, and 2018) where the spread reached similar levels before pulling back.
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 today and rest of this week! https://www.reddit.com/r/StockMarket/comments/rgzir5/1215_wednesdays_premarket_stock_movers_news/
Also just a real super quick reminder in here for all that we have the FOMC Meeting Announcement on interest rates & fed policy due out at appox. 2pm eastern time today, with Jerome Powell's press conference roughly 30 min. after that. GL today everyone!
