If you want a TECHNICAL bear market view of the future....here you go. Bear market Is coming with S&P 500 rally stalling soon, DeMark says https://finance.yahoo.com/news/bear-market-coming-p-500-151657202.html
Good old PLTR....currently at $123.33.....only $2 away from a 52 week HIGH. I love it....thank you ZUKODANY. BUT....this is a very aggressive stock and not for everyone.....so PLEASE.....I am not recommending it to anyone. Do your own analysis.
And.....GASP....for those that want to talk tariffs.....here is plenty of ammunition for both sides. As for me...I will bow out of that discussion. BUT....I will foster it and enable the discussion with this post. Trump's April tariff revenue topped $17 billion. That dwarfs any haul from his first term. https://finance.yahoo.com/news/trum...s-any-haul-from-his-first-term-160856118.html
HERE is the markets today...to wrap up this little FLURRY of posts. Dow jumps 500 points on solid jobs report, S&P 500 heads for longest winning streak in 20 years https://www.cnbc.com/2025/05/01/stock-market-today-live-updates.html (BOLD is my opinion OR what I consider important content) "Stocks rose on Friday as Wall Street digested a better-than-expected nonfarm payrolls report for April, which eased recession fears and put the S&P 500 on pace for its longest winning streak in just over two decades. The S&P 500 advanced 1.6%, a move that placed the broad market index on track for its ninth consecutive day of gains. If the index closes higher, that would mark its longest winning streak since November 2004. The Dow Jones Industrial Average jumped 575 points, or 1.4%, and the Nasdaq Composite gained 1.7%. With Friday’s gains, the S&P 500 has now recovered its losses since April 2, when President Donald Trump announced his “reciprocal” tariffs. This comes a day after the tech-heavy Nasdaq accomplished the same feat. Payrolls grew by 177,000 in April, above the 133,000 that economists polled by Dow Jones had anticipated. That figure is still down sharply from the 228,000 added in March but much better than feared after recession worries grew last month. The unemployment rate stood at 4.2%, in line with expectations. “Markets breathed a sigh of relief this morning as the jobs data came in better than expected,” said Chris Zaccarelli, chief investment officer at Northlight Asset Management. “While recession fears are still simmering on the back burner, the buy-the-dip dynamic can continue – at least until the tariff pause runs out.” Investors were already upbeat prior to the strong jobs report after China said that it is evaluating the possibility of starting trade negotiations with the U.S. Still, Chinese authorities reaffirmed their belief that the U.S. should remove all unilateral tariffs, saying in a statement that “if the U.S. wants to talk, it should show its sincerity and be prepared to correct its wrong practices and cancel the unilateral tariffs.” Later in the day, a report from The Wall Street Journal suggested that Beijing is open to trade talks. The Street was also mulling over earnings reports from two “Magnificent Seven” members. Apple slid 3% after posting fiscal second-quarter revenue from its services division that fell short against analyst estimates. Additionally, the iPhone maker said it expects to add $900 million in costs in the current quarter due to tariffs. Amazon shares, meanwhile, rose 1% after its first-quarter results came in better than expected. However, the company issued light guidance, highlighting “tariffs and trade policies” as factors. “We’ve already seen how financial markets will react if the administration moves forward with their initial tariff plan, so unless they take a different tack in July when the 90-day pause expires, we will see market action similar to the first week of April,” Zaccarelli also said. Stocks have made an incredible comeback since Trump announced last month that’s he’s temporarily reducing his new tariff rates for most countries to 10% for 90 days. The market has especially picked up steam lately, leading to the winning streak, as solid earnings have come out. Thus far, all three major averages are on pace for their second winning week in a row. The S&P 500 is on pace to rise 2.3% this week, while the Dow is on track for a 2.5% advance. The Nasdaq is up 2.7% week to date. China reportedly signals willingness to negotiate with U.S. on trade China is thinking about ways to address the White House’s concerns about the role plays in the fentanyl crisis, raising hopes for trade discussions between the two countries to start up, according to The Wall Street Journal. The report, which cited people familiar with the matter, said that Wang Xiaohong, the security czar to Chinese President Xi Jinping, has been looking into what the Trump administration would want the country to do regarding its production of chemical ingredients that are used to make fentanyl. The sources said Beijing could send a senior official to the U.S. to meet with senior officials from within the Trump administration, or meet with them in a third country. However, they also cautioned that discussions are still fluid. S&P 500′s test of resistance levels will be in focus How the S&P 500 does over the near term will be significant as it starts to test resistance, according to Wolfe Research. The broader index has closed the post-April 2 gap, and could break out if it’s able to consolidate above 5,500, according to the firm’s technical analyst Rob Ginsberg. It closed Thursday at 5,604.14. But, the technical analyst worries a reversal is in store if the recent advance fails to hold, citing bearish signals in high yield spreads and investment grade credit default swaps that could put a damper on the equity rally. “How stocks respond in the next week or two would be telling,” Ginsberg wrote Thursday. “A shallow consolidation that holds and builds above 5500 and odds would favor another acceleration higher, but if we fail to hold, we could see a quick reversal back into shorterterm support around 5200.” The support level is about 7% below Thursday’s close. Berkshire Hathaway hits record high ahead of annual meeting Berkshire Hathaway shares hit a record high Friday just as Warren Buffett is about to kick off Berkshire Hathaway’s annual shareholder meeting on Saturday. Tens of thousands of rapt shareholders will descend on Omaha, Nebraska this weekend for the annual gathering dubbed “Woodstock for Capitalists.” This year’s meeting marks the 60th anniversary of Buffett leading the company, and the 94-year-old investment legend is expected to opine on a wide range of market-moving topics, including tariffs, the state of the economy and his stock portfolio. Class A shares climbed 1.5% Friday to a new all-time intraday high of 808, 993.53. Record closing level to watch is $806, 684 from April 2. The stock has rallied more than 18% this year, significantly outperforming the S&P 500. Traders now see next rate cut not coming until July The better-than-expected jobs report for April has pushed out market expectations for the next Federal Reserve rate cut. Following the 177,000 increase in nonfarm payrolls, traders in the fed funds futures market took a June cut off the table and now see the central bank’s next move coming in July, according to the CME Group’s FedWatch gauge. For the year, pricing now is split between a total three or four cuts, assuming quarter percentage point increments. “A more severe response to the tariff and DOGE shocks may well emerge over the next few months, but the absence of an early start to labor market deterioration makes it less likely that the Fed will have seen enough to cut rates in June,” wrote Krishna Guha, head of global policy and central bank strategy at Evercore ISI." MY COMMENT An exceptional market day today...and an EPIC run up in the SP500 recently. I am riding the wave.....regardless of whether it takes me forward or backward....short term.
OK....I think that is TEN good days for me in a row. I ended nicely in the GREEN today. I had only two stocks in the RED....AAPL and AMZN. I doubt they will be there long. I also beat the SP500 today by....0.20%. CONTINUING to move on up....but not back to even YTD yet.
Another great week for ACTUAL investors. Here is the week that was. DOW year to date (2.88%) DOW five days +3.00% SP500 year to date (-3.31%) SP500 five days +2.92% NASDAQ 100 year to date (-4.38%) NASDAQ 100 five days +3.44% NASDAQ year to date (-6.90%) NASDAQ five days +3.42% RUSSELL year to date (-9.28%) RUSSELL five days +3.24% A KILLER WEEK for me and the markets. If we can do this one more time next week I might be closing on 0.00% YTD. As it is....as of the close today I am at year to date for my entire account of......(-5.17%). Last week at this time I was at.....(-8.22%).
Monday will be another big earnings day. PLTR will report on Monday....after the bell. A good report will likely kick the stock up above it's 52 week high of $125.41. The stock closed today at.....$124.28. I guess the April 2 market FREAK-OUT is over for this company now that it has retraced all the losses. YES....one of my nine stocks.
