Invest and Trade Profitably with Jon Johnson

Investment House Weekend Wrap Up Archive

Weekender for 11/5

November 5, 2023

1. Market Summary Stocks start premarket higher, accelerate on more data Stronger session as the move expands Data strong … and not … as part of the economy is driven by money printing and military spending while the rest of the economy suffers Q4 rally shows solid internals, but after Friday’s jobs report, adding more […]

Weekender for 10/29

October 29, 2023

1. Market Summary Big tech plays catch down to the rest of the market as the Nasdaq breaks the 200-day simple moving average (SMA). Small-caps, mid-caps bounce after their thrashing. Q3 gross domestic product (GDP) at 4.9% with boosts yields, but a strong seven-year auction brings them back down — someone was sent in to […]

Weekender for 10/22

October 22, 2023

1. Market Summary Stocks bounce on Chairman Powell’s speech seen to be more dovish, but the move does not hold. Indices sell hard, some holding support, others dropping to next support, still others breaking even lower. The strongest stocks continue holding, e.g. software, some NASDAQ mega-caps, oil and gas while other leader wannabes are found […]

Weekender for 10/15

October 15, 2023

1. Market Summary Stocks rattled by hotter Consumer Price Index (CPI), recover from it, move higher. Market recovery chop-blocked by a terrible 30-year auction. Late rebound makes things a bit better looking at the close. Small-caps, mid-caps slaughtered as the economics at home look depressing. Same leadership groups hold up well enough as the market […]

Weekender for 10/8

October 8, 2023

1. Market Summary Indices volatile intraday again, hold support again. Indices move laterally as stocks work on their patterns. Jobless claims lower, trade deficit lower: both suggest stronger data using conventional wisdom, but lower imports mean a weaker consumer. Gloom suddenly popular. Big money talks gloom to help seasonal push lower as they buy growth. […]

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 […]

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