This SPX 4350 level this Monday morning is too high for the current situation, I think--not interested
Yep, start heading down towards the 4280 level and I might start getting interested--especially if it hits the 4250 level and non-above
Woo EPAM is crashing. They have great fundamentals; GAAP profitable and no debt, 25% growth rate. Actual EPS forecasts were 8.15, 10.60, 13.30, and a whopping 18.10 within 3 years. But they make their software in Ukraine. Is this a bad sign for the Ukraine?
Removing Russia from SWIFT is like a financial nuke. This could have a very negative impact - mostly for us, not so much for Russia.
Wow what a crash Doesn't seem to be expensive with its growth rate but I guess it is still a no touch here since it has something to do with Ukraine, can't really predict how the situations there will affect their earnings
Energy continues to do well and cybersecurity remains hot. Stocks benefit from higher commodity prices are also doing well
This market remains pretty resilient despite what's going on in Russia and Ukraine now At least they are talking now although it doesn't seem like they are making too much progress on cease-fire anytime soon. Now the job might get tougher for the FED and central banks around the world, they need to hike rates to fight against inflation but economic growth likely will slow too if we have a prolonged war and energy prices stay elevated
Ukraine crypto tweet gets $12M in Bitcoin, Ethereum, USDT donations in 2 days | Fortune Bitcoin prices also moving higher today
I don't know much about economics--and based on what I've seen of the "experts," they don't either--but it seems to me that the FED has to raise rates aggressively and soon, no matter what. There will always be an "excuse" why they can't. They've been creating excuses forever. It's like that's only condition for being qualified to be on the FED anymore. But this level of inflation is crazy.
bam! could not have said it any better. pretty much hit the nail on the head there imo. always a pleasure getting your inputs in here as always @Frankenstein
haha my thoughts exactly to a tee as well. jeebus. market was all over the place this month. kinda like a flea on crack if you will lol
Top of the morning Stockaholics! Happy Tuesday to all of you! And welcome to the first trading day of the new month of March and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are under 5 hours from the cash market open. GLTA on this Tuesday, March the 1st, 2022.
Morning Lineup - 3/1/22 - Volatility: It's All Relative Tue, Mar 1, 2022 It was a pretty quiet night in markets, but things have taken a turn for the worse since Europe opened for trading. What was looking like a flat open for the markets about four hours ago is now looking more like a decline of close to 1%. In yesterday's post, we noted that despite the big moves following the weekend's events neither crude oil nor gold managed to take out their prior highs from last week. Well, this morning both are rallying again, and while gold has yet to take out its recent intraday high, WTI is trading above $100 per barrel and at new multi-year highs. Bottom line is that no one knows where this is all going, so it's probably best to avoid making a big stand in one way or the other but use extreme market moves (in either direction) to your advantage. In economic news today, investors will be watching Markit Manufacturing at 9:45 and then Construction Spending and the ISM Manufacturing report at 10 AM. Yesterday was the 39th trading day of the year, and it was also the 39th straight day where the intraday range of the Nasdaq 100 ETF (QQQ) was more than 1%. Seems like a lot, right? Looking back over the last ten years, 39 straight trading days of 1% ranges on an intraday basis ranks as one of the longer streaks we have seen. The longest streak during this period was 46 trading days coinciding with the COVID crash, and besides that, the only one that was longer was the 41 trading days ending 1/10/19. While the current streak ranks as one of the longest of the last ten years, it is nowhere near the longest on record. In the chart below, we show streaks of 1% intraday ranges in QQQ going back to its inception in early 1999. Notice anything in the chart? From early 1999 through October 2003 – a period encompassing more than four and a half years – QQQ traded in an intraday range of more than 1% every single day! How’s that for volatile? The current streak of 39 trading days also pales in comparison to streaks of more than 100 trading days that QQQ experienced during the financial crisis, but in the chart, those streaks barely even register to the 1999 to 2003 period. As volatile and hectic as the last eight weeks have been for markets, it’s still nothing compared to the ‘old days’.
And, I think, Monday's bar and today's price action is still within the range created by Friday--and so, both days are still "inside" days
