Invest and Trade Profitably with Jon Johnson

Investment House Weekend Wrap Up Archive

Weekender for 10/1

October 1, 2023

1. Market Summary Weaker data appear to rattle stocks, but follow-through to Wednesday’s reversal finally shows up. Pending homes plummet, GDP Q2 consumption posts a nine-sigma miss Bank of America reports consumer spending -0.3% the prior week Suddenly, the media picks up on the weaker consumer as sentiment turns very negative. PHLX Semiconductor Sector (SOX) […]

Weekender for 9/24

September 24, 2023

1. Market Summary Jobless claims remain low and there are some reasons for that Philly Fed drops stone-like after a one month upside blip Leading economic indicators again indicating weakness So bad it is good: S&P 500, Nasdaq, DJ30 very near support from August lows Leadership thins further as the usual suspects fade away, e.g. […]

Weekender for 9/17

September 17, 2023

1. Market Summary Almost all indices appear to shake off flirting with selling, post solid gains Producer Price Index (PPI) similar to Consumer Price Index (CPI): cooler and not Retail sales cheered for the gains, but energy and inflation play a huge role as consumers cut back on non-essentials Government claims a surplus but admits […]

Weekender for 9/10

September 10, 2023

1. Market Summary Stocks higher early premarket but melt away to losses. Some rebounds once more, but all indices outside DJ30 finish lower. Jobless claims at seven-month lows. Well, okay then. Indices in various degrees of failure. Still solid patterns in some sectors: too-big-to-fail tech, software, oil and gas, manufacturing/machinery. Some indices hanging in at […]

Weekender for 9/3

September 3, 2023

1. Market Summary August ends with a mixed note and a weak month. Will September be worse or is the damage done? Personal Consumption Expenditures (PCE) stronger year/year core and overall, but market handles it decently Personal spending not bad, but disposable income turns negative Chicago Purchasing Managers’ Index (PMI) better than feared, but still […]

Weekender for 8/27

August 27, 2023

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Weekender for 8/20

August 25, 2023

1. Market Summary Stocks fail an early bounce, rebound solidly, but then get hammered All but DJ20 now below the 50-day moving averages (MAs) Late June pullback lows are the next key level, as various indices may use that to bounce and form head-and-shoulders patterns With BRICS confab approaching, the players are making deals with […]

Weekender for 8/13

August 13, 2023

1. Market Analysis Consumer Price Index (CPI) cooler and hotter. Market rallies early, then pitches it away. Mixed close as stock indices surge and purge, holding at the same support. More than just CPI: Bank Term Funding Program (BTFP) usage increases, sloppy 30-year treasury auction, hardship retirement loans surge. With the Strategic Petroleum Reserve all […]

Weekender for 8/6

August 6, 2023

1. Market Analysis Downside pressure continues post-downgrade as data add to unease. As with the last debt downgrade, stocks show resilience after less than two sessions Bonds sell, yields rally, oil spikes, more Fed emergency borrowing, and then the Bank of Japan makes an “unscheduled” bond purchase — Japan again starting the central bank buying […]

Weekender for 7/30

July 30, 2023

1. Market Analysis Stocks surge across the board then roll over hard … except the PHLX Semiconductor Sector (SOX). Big intraday reversals after new breaks higher — some of the poorest upside action you can get. Gross Domestic Product (GDP) beats, durables beat, pending home sales fall again. 10-year bond yield screams higher as yield […]

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