Investment House Weekend Wrap Up Archive
Weekender for 6/12
1. Market Summary Stocks Open Lower – Stocks open lower, try to rebound upside and then fold. – The afternoon selloff takes indices below the lateral consolidation. – The Fed ignores facts of the U.S. citizen’s net worth. Gasoline national average hits $5/gallon for the first time. – Consumer Price Index (CPI) and Michigan sentiment […]
Weekender for 6/5
1. Market Summary Stocks Break Higher – After a 2-day pause, stocks break higher, starting the second leg. – Less than good economic data, Microsoft warns, but stocks embrace the upside. – Jobs report ready as Automated Data Processing misses, initial claims back off some, but labor costs surge. – Good moves from chips, tech […]
Weekender for 5/29
1. Market Summary Resilience Turns to Solid Breaks Higher – Resilience turns to solid breaks higher. – The view that the Fed will limit rate hikes to four 50-basis-point hikes and improving retail earnings helped to trigger a break higher. – All indices but Nasdaq/Nasdaq100 move through the 20-day exponential moving average (EMA). Internals are […]
Weekender for 5/22
1. Market Summary Weak Futures But Not a Weak Session – Weak futures but not a weak session. It was at least better than the futures indicated. – The economic data are still weak. The same is true for existing home sales, as demonstrated by the Philly Fed. That, however, never stopped an economist from […]
Weekender for 5/15
1. Market Summary Stocks Sell Again – Stocks sell again, though it was not the ugly start needed. Instead, it stretched the third leg to match the earlier one. – Indices dip again and rebound. Meanwhile, the fact that volume is higher means that they are in position to bounce. – The Producer Price Index […]
Weekender for 5/8
1. Market Summary The Dove Flies Into a Shotgun Blast – The dove flies into a shotgun blast, as harsh reality does indeed return. – The “Powell Push”gets shoved back down. – The indices are near 2022 lows, but we are holding out a flicker of hope that support will be found. It will be […]
Weekender for 5/1
1. Market Summary Amazon Misses – I have shocking and stunning news. Gross domestic product (GDP) turns negative? No, Meta (NASDAQ:FB) had new subscribers. – The first read of the Q1 GDP was expected to be lower, but negative? – Amazon.com Inc. (NASDAQ: AMZN) misses and issues terrible guidance, while Apple (NASDAQ: AAPL) beats but […]
Weekender for 4/24
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. Existing Home Sales Fall – Stocks get over Netflix’s huge subscriber miss, and rally… somewhat. – Existing home sales fall, the average house price hits an all-time high and inventories are at a two-month level. – The beige book sees demand destruction and […]
Weekender For 4/17
1. Market Summary Excerpted from Wednesday’s paid content of Investment House Daily due to the Friday holiday. Mortgages Continue Their Decline – The Producer Production Index (PPI) hits a year-over-year record, but stocks overcome this news and rally. – Mortgages continue their decline. – Stocks move higher with some breadth present. Metals, oil, discount retail […]
Weekender For 4/10
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. More Downside – We saw more downside, but then we saw recoveries to dojis across the board. – Consumer credit explodes again, casting major doubt on the consumer’s ability to sustain the economy. – Jobless claims are at 1968 lows, but it is […]
