Investment House Weekend Wrap Up Archive
Weekender for 7/9
1. Market Summary Stocks start weaker, struggle more with the economic data. Recovery starting with the European market close reduces the losses though the stock indices still close lower. ADP report shows huge jobs growth … is it undershooting the Bureau of Labor Statistics’s (BLS) monthly work of fiction? Thursday action not great but hardly […]
Weekender for 7/2
1. Market Summary Stronger economic data knocks stocks back, but cyclicals recover. Techs hold up their gains but have slowed as interest rate pressures, seasonal factors come into play. Market focusing on blocking and tackling (economy, earnings) versus hopes of Fed rescues. Gross domestic product (GDP) Q1 jumps on the third try as higher exports […]
Weekender for 6/25
1. Market Summary Plenty of Good Setups On the fourth day, techs started to rebound. Plenty of good setups in the market. After the fade, will they follow the leaders once more? Some big houses still calling for a selloff, but this far the technical action and pattern setups are bullish. Pullback day 3.5. Day […]
Weekender for 6/18
1. Market Summary Market Starts Soft Market starts soft, edges higher after ostensibly stronger data, then surges. Retail sales top expectations, and it is not all inflation. Regional manufacturing not as bad as feared. Not good, just not as bad. Jobless claims post another solid increase. China numbers still discouraging … by China’s standards. United […]
Weekender for 6/11
1. Market Summary Jobless Claims Jump Recent leading small-caps, mid-caps, transports pause, big names bounce modestly. Jobless claims jump, highest since Halloween 2021. Some sentiment turns more cautious given the gains. A bit of role swapping Thursday, but not any serious moves. The small-caps, mid-caps and transports paused with doji — continuation doji? — while […]
Weekender for 6/4
1. Market Summary Big Nasdaq Names Lead the Upside Stocks rally as new money for a new month hits the market, but pare gains in the last hour ahead of the May Jobs Report Big Nasdaq names lead the upside as Nasdaq twins, S&P 500 sport strong moves. Money moves into oil stocks, metals and […]
Weekender for 5/28
1. Market Summary NVIDIA Blasts AI Stocks Higher NVDA blasts artificial intelligence (AI) stocks higher. Everything else, not so much. Debt ceiling still working through the process, Speaker McCarthy’s actions suggest a deal is close to sealing for June 1. Money markets still getting more money, Fed still lending more money. Market is going all-in […]
Weekender for 5/21
1. Market Summary Stocks Extend the Break Higher Stocks extend the break higher with S&P 500 taking out the February high. Fed-speak re a June non-pause fails to tame the upside. Has the Fed unleashed the opposite of what it wants? Philly Fed bad, LEI bad, existing home sales not horrid. More stocks turning upside […]
Weekender for 5/14
1. Covered Call Options Play Assertio Therapeutics Inc. (NASDAQ: ASRT) — Assertio Therapeutics Inc. is currently trading at $7.66. The June 16 $8 calls (ASRT20230616C00008000) are currently trading at $0.55. That provides a return of about 14% if ASRT is above $8 by the expiration. Learn more about our Covered Call Tables here! 2. Market […]
Weekender for 5/7
1. Market Summary Banking Issues Hold Sway Banking issues hold sway over the action. Banks fall, small-caps and mid-caps struggle, but Nasdaq, Nasdaq 100 still show relative strength. Precious metals continue showing bids as the Nasdaq mega-caps paused ahead of Apple. Apple launches a new $90 billion stock buyback — the start of likely many […]
