1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. A Second Day of Downside – We saw a second day of downside, and while some stocks were sharply lower, the Nasdaq was notably mild. Even sharper selling left the indices easily over their support levels. Sectors are currently split into two categories: […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. Big-Name Chips Surge – After a tepid start, the PHLX Semiconductor Sector (SOX) took over. After the big-name chip stocks surged, the SOX blew through the 200-day simple moving average (SMA). – “Careful optimism” regarding a ceasefire has been credited for the continued […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. Soft Start on Some War-Related Headlines – There was a soft start on some war-related headlines, but stocks recovered with a low-to-high move. – The S&P 500 and the DJ30 rose to the 50-day moving average (MA), as the market makes an important […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. Failed Peace Talks Take the Starch Out of the Wednesday Move – Failed peace talks take the starch out of the Wednesday move. While they stalled for the day, there was a bounce to resistance to prepare for the next stall. – Stocks […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. The Market Can’t Handle the Wednesday Upside – The market can’t handle the Wednesday upside and starts a stronger reverse. – The data were decent, and stocks rose. Then, they gave their gains back. After a modest agreement between Russia and Ukraine regarding […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. Russia Attacks – Russia attacks, and stocks crashed for a fifth day. However, they reversed almost at the open and produced a massive reversal. – The market becomes sharply oversold as sentiment indicators spike. – Sentiment supports a rally. The Chicago Board Options […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. The Threat of War is Imminent – Imminent war is back on, stocks back off. – The economic data remain weaker, Goldman Sachs finally admits that the data are weakening. Day-to-day volatility continues, but at this juncture, it is trending lower. – Oil […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. The Market Gets ‘Bullarded’ – The market weathered hot inflation as expected. Although it rebounded sharply, it then got ‘Bullarded.’ – Bullard barks regarding the possibility of a 50-base-point rate hike. – The Consumer Price Index (CPI) is a bit hotter, and the […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. Meta Fouls the Plugs – Alphabet (NASDAQ: GOOG) sparked more upside and Meta (NASDAQ: FB) fouled the plugs. Will Amazon (NASDAQ: AMZN) swing the pendulum again? – Earnings are key. Jobs are as well. What is Chairman Powell to do? – Institute for […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily. Another Upside Move Flips – Another upside move flips as stocks still cannot find traction. – Q4 gross domestic product (GDP) growth almost hit 7%, but that is all in the past, at least for stocks. – Stocks cannot come to grips with […]
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