Investment House Weekend Wrap Up Archive
Weekender for 12/11
1. Market Summary Indices Bounce as Anticipated Indices bounce as anticipated, some good, some so-so The PHLX Semiconductor Sector (SOX) shows solid action while NYSE indices are lackluster Saudi Arabia and China turn chummy even as Saudi brokers U.S./Russia prisoner exchange. Producer Price Index (PPI), Michigan sentiment on Friday provide next pricing/inflation data, but next […]
Weekender for 12/4
1. Market Summary Stocks Hold the Wednesday Surge Higher Stocks hold the Wednesday surge higher, but it was a fight to do so. Indices, stocks show candlestick doji, likely continuation doji given the solid moves Wednesday. PCE measure of inflation drops modestly as economic indicators drop faster. Friday jobs report focus should be on where […]
Weekender for 11/27
1. Market Summary Stocks Break Higher Off the Consolidation More expansion of China COVID-19 restrictions fails to sway a break higher. Stocks rally higher from the consolidation, defying yield curve inversions. The Fed only has a couple of options, and one of them is based flat out on hope. What option the Fed takes and […]
Weekender for 11/20
1. Market Summary Fed Speakers Come Out Swinging Fed speakers come out swinging. Trying to precipitate the crash? Stocks sell for a second session, but indices and leaders hold support. Housing starts hit COVID-19-lows, Philly Fed contracts sharply. Yield curve inversions hit record levels as the Fed marches on, doing what the Fed does. The […]
Weekender for 11/13
1. Market Summary Election Uncertainty is Quickly Forgotten Election uncertainty quickly forgotten given the Consumer Price Index (CPI). Inflation pressures fade just a bit, but the market acts as if inflation is already beaten, a soft landing is skipped and nothing but expansion ahead. DJ30 surges 1200, the Nasdaq by 760, and even cryptocurrencies are […]
Weekender for 11/6
1. Market Summary Stocks Follow Through Lower Stocks follow through lower after the post-Federal Open Market Committee (FOMC) selling. Selling yes, but not a lot of fear as many trading desks note — not much fear when there is a silent hand behind the action. Recession worries resume, layoffs are finally acknowledged. Central banks buy […]
Weekender for 10/30
1. Market Summary Leadership Still Needs a Near-Term Test NYSE indices outperform, Nasdaq takes its lumps, but still doesn’t break. Gross domestic product (GDP) positive, but it was made up entirely of declining imports and jumping exports of petroleum products and weapons to Europe. Durables orders rise but all on airplanes. Indices still in overall […]
Weekender for 10/23
1. Market Summary Still Dealing With Near Support After two days up, stock indices fade but do not break. Still dealing with near support, but more a lack of buyers versus a rush of sellers. Housing starts crater. Oil stocks enjoy a solid session as the indices fade. Afterhours earnings see Tesla miss on revenues, […]
Weekender for 10/16
1. Market Summary Consumer Price Index Smoking Hot Consumer Price Index (CPI) smoking hot on top of Producer Price Index (PPI) Stocks reverse 750 Dow points premarket high to low. Then 1300+ Dow points low to high. New 2022 lows for most indices then a massive surge — the action we were looking for early […]
Weekender for 10/9
1. Market Summary Stocks Pause a Second Day Stocks pause a second day with lateral moves at support. Interest rates rise, dollar rises, Fed-speak hawkish, stocks struggle. Ready to continue the bounce, but the jobs report has to be “right.” Consumer Price Index (CPI) looms next week regardless of the jobs report outcome. Advanced Micro […]
