Daily Bite July 31: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the Futures, GDP, S&P 500, Russell 2000, Dow Industrial, the earnings release, PLTR, and U.
In today’s Daily Bite, Bob Lang covers the Futures, GDP, S&P 500, Russell 2000, Dow Industrial, the earnings release, PLTR, and U.
After a brutal (and long) bear market, it looks like the bear market is almost over. What a relief! It was tough to watch losses pile up in the Nasdaq, Russell 2K, and SPX 500 during 2022. While I believe we are still in a bear market for technical reasons, there sure is evidence that…
DetailsThe Fuse Stocks firmed up today following a rather positive jobs report that once again showed the economy remains strong leading into the third quarter. Interest Rates on the long end took a nosedive and are threatening to break 4% on the downside. That move will stoke more demand for stocks. A very solid jobs…
DetailsThe Fuse Equity futures are down moderately this morning, following through from yesterday’s drubbing. It seems that wit a rise in yield the counter move remains to sell stocks. After a very positive month of July, no surprise seeing investors/traders take money off the table, it’s a prudent move especially when this month in particular…
DetailsThe Fuse Stocks are getting pounded this morning following news of debt downgrade by ratings agency Fitch. The company cut the pristine AAA debt of the US treasury to AA+. If we remember when Moody’s and S&P downgraded the debt in 2011, there was plenty of volatility as markets were uncertain, but ended up much…
DetailsThe Fuse Equity futures are soft this morning following a strong finish on Monday, where we saw the indices shoot higher in the last 10 minutes of trading. This was probably due to some window dressing action at the end of the month, funds try to show bigger positioning at the end of a period.…
DetailsThe Fuse Equity futures are on the rise, looking to build on Friday’s robust gains. Today is the last trading day of July and it is looking like this will be another sharply higher month on the close. We talked in June about this month being one of the best months in the calendar, and…
DetailsIn today’s Daily Bite, Bob Lang covers Meta, the latest earnings, the Futures, NYHL, Oscillators, XLE, PG, DXCM, and Puts.
DASH: Chart of the Week This week we are profiling DoorDash; symbol DASH. Daily chart is strongly bullish The chart has been moving upwards – bottom left to upper right – since putting in a low back in January at the $45 level. It’s up nearly 85% since that level back in January. You can…
DetailsSo many new traders and investors believe there is a magic formula for trading success. They hear stories about huge piles of cash earned from the stock market, and they want a piece of the action. When it comes to how to trade options – or stocks for that matter – you need patience and…
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