Daily Bite December 21: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the S&P 500, VOLD, VIX, STTK, MU, NKE, TNX, QQQ, GDP, and the Santa Claus Rally.
In today’s Daily Bite, Bob Lang covers the S&P 500, VOLD, VIX, STTK, MU, NKE, TNX, QQQ, GDP, and the Santa Claus Rally.
The Fuse Stock futures are bouncing back this morning after a nasty spill late yesterday. The blame was given to options-related action and short-term style calls/puts. That weighed heavily on the indices but the bulls are trying to wrest the ball back onto their court. Interest Rates are mostly steady but slightly higher as we…
DetailsChart of the Week: Shopify Shopify, symbol SHOP. As you can see here I’m putting together a trend line that the stock broke back in the early part of November – a nice break higher on better volume. We can see that, according to the go-no-go indicators, the candlesticks have moved in early November from…
DetailsThe Fuse Equity futures are down in pre-market this morning as some of the overbought conditions start to permeate. Yesterday’s terrifica rally across the board means any pullback is likely to be shallow and short, but frankly the markets are in need of a rest. So far in December the SPX 500 has only been…
DetailsThe Fuse Equity futures are marginally higher as volatility remains benign. Indices are trying to followthrough from yesterday’s fairly strong performance. The SPX 500 still has the old highs in sight. Interest Rates are modestly lower across the curve but are rather stable. The yield curve is highly inverted now between the 2 and 10…
DetailsIn today’s Daily Bite, Bob Lang covers the Fang Names, Broadcom, SPX, ACN, FDX, NKE, and The Fed.
After a long and rough bear market, it’s finally time to dust off bull market strategies. The recent bear market began in 2022 and continued for most of this year. Stocks and bonds got pounded. Cryptocurrency took a nosedive, and every asset class saw negative returns. I remember thinking a year ago it would be…
DetailsThe Fuse Equity futures are rallying smartly this morning following a big options expiration day finished up. There are only nine trading days left in 2023 and it appears the bulls are going to make one last push towards the all-time high mark of 4,818 on SPX 500. It’s not far away either, less than…
DetailsThe Fuse Equity futures continue to roll higher as the bulls are not finished yet. Overnight we saw good strength in China and Europe, today is a big triple witching option expiration so we could see some volatility all day long. Interest Rates are modestly higher on the long end of the curve. Of course,…
DetailsIn today’s Daily Bite, Bob Lang covers the Jobs Report, Interest Rates, VOLD, Russell 2000, VIX, ADSP, Futures, Oscillators, QQQ, IWM, DRI, and ETSY.