Daily Bite April 10: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the Futures, S&P 500, Volatility, Fed Funds Futures, Jobs Number, Interest Rates, New Highs & New Lows, Russell 2000, and the Nasdaq.
In today’s Daily Bite, Bob Lang covers the Futures, S&P 500, Volatility, Fed Funds Futures, Jobs Number, Interest Rates, New Highs & New Lows, Russell 2000, and the Nasdaq.
The Fuse Futures are down rather sharply today after the release of mostly in line retail sales. Some good things were in the report but mostly this points toward slowing consumer spending, something not heard recently by the data (Mastercard spending pulse) and other sources. The SPX 500 is knocking on the door once again…
DetailsThe Fuse Equity futures are flattish before the release of March PPI. Estimates call for a slightly higher m/m number, due mainly from pressure released of the supply chain. However, y/y price changes are still way too high. Can the SPX 500 regain the 4100 level, or will it remain elusive after a strong week…
DetailsThe Fuse Equity futures are mixed this morning as a slew of data will be distributed. First up is the all important CPI for March, expected to rise .3% over last month. Stocks remain stuck but breadth continues to lead the way, this has the oscillator nearly overbought once again. CPI comes out at 830am…
DetailsFREE WEBINAR TODAY – DON’T MISS IT, AFTER THE CLOSE AT 430PM EST, Mish Schneider joining me as we jump around different market topics. Use this link to register! The Fuse Futures are modestly higher this morning in a continuation from yesterday’s sharp move up from the lows. With CPI out tomorrow morning it makes…
DetailsThe Fuse Equity futures are down this morning after long three day weekend. Volatility fell sharply last week and we often see than given back when markets open up, that is happening today. As we head into earnings season, some caution is warranted. The Russell 2K has been weak of late and trades below the…
DetailsGILD: Chart of the Week This week’s chart is cloud-tech pharmaceutical company Gilead Sciences, symbol GILD. The daily chart looks pretty strong right now. The stock is trying to break through this resistance line that started around the beginning of Dec. It’s bending lower. We have a bit of channel here from the end of…
DetailsIn today’s Daily Bite, Bob Lang previews the Jobs report that comes out tomorrow and how that’s impacting the Fed interest rate. He walks you through charts for the NASDAQ Index, S&P 500 and United Health. Reminder: tomorrow the markets are closed in observance of Easter.
DetailsIn today’s Daily Bite on Twitter, Bob Lang covers the Futures, Dow Industrials, Nasdaq, S&P 500, Oscillators, NYSE, VOLD, NFLX, and UNH.
The Fuse Equity futures popped higher on the in line jobs report. But the devil is in the details, this represents a rather hot number that the Fed is not likely to budge from their hawkish stance. With markets closed today we’ll be watching equity futures, which trade until noon EST. It’s not often a…
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