1. Market Summary Stocks Try To Pull An Opposite Day Stocks try to pull an opposite day, fail miserably. Stocks rally late session then dive hard in the last 10 minutes. Central banks are getting on the same page in rate hikes. Japan defends the yen but won’t raise rates. Soft recession now gaining speed […]
1. Market Summary Some Indices Slide Below the September Lows Some indices slide below the September lows, others are testing them — the day was disappointingly undecisive. Economic data disappoint as retail sales belie the top line number — it is all inflation anyway. Gold bombs below support. FedEx Corporation (NYSE: FDX) withdraws yearly guidance […]
Special Announcement from the Publisher We are excited to announce the launch of the Eagle Investing Network YouTube Channel. Lots of great videos to help you navigate the markets and become a better investor and trader. Click here to check it out — and be sure to subscribe, so you don’t miss any new videos, […]
Special Announcement from the Publisher We are excited to announce the launch of the Eagle Investing Network YouTube Channel. Lots of great videos to help you navigate the markets and become a better investor and trader. Click here to check it out — and be sure to subscribe, so you don’t miss any new videos, […]
Special Announcement from the Publisher We are excited to announce the launch of the Eagle Investing Network YouTube Channel. Lots of great videos to help you navigate the markets and become a better investor and trader. Click here to check it out — and be sure to subscribe, so you don’t miss any new videos, […]
1. Market Summary Oil Stocks Take the Lead Upside – Modest, but another move higher ahead of expiration. – Same action we have seen before, a brief test, a rebound. – Philly Fed better but not good, continuing claims continue to rise, existing homes -20.2% year/year. – Fed speakers hawkish in two of three out […]
1. Market Summary Futures Up – Futures up, hold gains on Producer Price Index (PPI) weakening — in some aspects — then reverse the gains. – PPI shows some lower prices but still big gains in food and other key areas. – Jobless, continuing claims continued higher. – Stocks surge, reverse with key names showing […]
1. Market Summary Slower Session as the Wednesday Rush Cools – Slower session as the Wednesday rush cools Thursday ahead of the jobs report. – China overreacts according the Administration. – BOE surprises with a rate hike, US Fed members continue to promise no pivot this year. – Jobless claims, continuing claims rise, data still […]
1. Market Summary Cognitive Dissonance, But Who Cares? – Even with some big-name earnings misses and a second negative GDP print, stocks rally. – Missing is good, negative GDP is not really negative. Hello? “1984”? – Cognitive dissonance, but who cares? – GDP in the red for a second straight month, but be comforted — […]
1. Market Summary Stocks Volatile in the Morning – Stocks volatile in the morning, then the bids hit again. – Indices finish at session highs as the third rally leg extends to over a week for some indices. – A broad move across many sectors, as individual stocks move to and through the 50-day moving […]
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