Invest and Trade Profitably with Jon Johnson

Investment House Weekend Wrap Up Archive

Weekender for 3/17/2024

March 17, 2024

1. Market Summary Upside futures survive hotter Producer Price Index (PPI), weaker retail sales, but by the close the indices are lower Late session recovery keeps Nasdaq et al. holding near support as the market tries to ride through the Nasdaq volatility Large-cap Nasdaq help lead along with oil and gas, retail, metals while small […]

Weekender for 3/10

March 10, 2024

1. Market Summary Powell affirms Waller’s ‘reverse twist’ musings and the market likes the prospects. After a volatile period, NASDAQ indices break solidly higher with the other indices — sans DJ30. Not much change in leadership, just recycling the usual suspects Initial jobless claims remain low even as Challenger and other private counters, as well […]

Weekender for 3/3/2024

March 3, 2024

1. Market Summary Personal Consumption Expenditures (PCE) tamer year/year, incomes higher, stocks respond upside Solid, albeit unspectacular moves higher The game: headlines are palatable to algorithms, but the data beneath are anything but positive PCE actually shows inflation rebounding, incomes are inflated by establishment jobs numbers, spending flags even with supposed stronger wage growth Even […]

Weekender for 2/25/2024

February 25, 2024

1. Market Summary As everyone expected, stocks gap higher on the NVIDIA (NVDA) results, led by techs, chips New highs for the usual suspects as small-caps bring up the rear Initial jobless claims laughable given the thousands upon thousands of layoffs Existing home sales lack volume as owners are locked in by high rates Commercial […]

Weekender for 2/18/2024

February 18, 2024

1. Market Summary Third rally leg continues despite weaker data, sentiment calling the move overdone Technical action overrules data Initial claims, of course, fade, but regional Purchasing Managers Indexes (PMIs) continue their weak performance, industrial production/utilization fall, retail sales show the typical first of year weakness Commercial real estate (CRE) is no real worry to […]

Weekender for 2/11/2024

February 11, 2024

1. Market Summary Indices close higher again with small-caps and mid-caps outperforming Even with the small-caps leading, breadth remains weak Jobless claims fall even as layoffs surge Supply issues impact chocolate Supreme Court hears 14th amendment argument Steady rise on the week, not huge, likely not as much pressure to take profits ahead of the […]

Weekender for 2/4/2024

February 4, 2024

1. Market Summary Market pulls the opposite day, trading the opposite of the post-Federal Open Market Committee (FOMC) selling Solid upside, but the moves were smaller, volume lighter than the stock dumping on Wednesday Regional bank deposit flight reboots and investors start thinking interest rate cuts on the heels of Chairman Powell saying it won’t […]

Weekender for 1/28/2024

January 28, 2024

1. Market Summary Different session, different focus: tech takes a back seat Buyers and sellers fight again with large intraday swings as this upside leg gets a bit extended The market’s narrow group of leaders a bit overbought, plenty of stocks are not, but they have yet to make moves Q4 gross domestic product (GDP) […]

Weekender for 1/21/2024

January 21, 2024

1. Market Summary The rebound setup received a trigger with some better corporate data as interest rate cut disappointment shelved for a session Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) helps spark the chips back upside, Nasdaq mega-caps bounce from good setups Housing starts drop, Philly Fed contracts a fifth month S&P reports an 80% increase […]

Weekender for 1/14/2024

January 14, 2024

1. Market Summary Consumer Price Index (CPI) hotter overall, cooler Core, but key areas return to rising as food hits record highs. All is well. Citi warns the day before earnings the Venezuelan peso may cause Citi to miss its results. Indices sell, but post strong afternoon recoveries. Positioning not changed, but the intraday action […]

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