Daily Bite January 29: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the week ahead, GDP, Nasdaq, S&P Futures, NYHL, ADD, Oscillators, SPY, META, XOM, BA, QCOM, MA, AXP, and PSX.
In today’s Daily Bite, Bob Lang covers the week ahead, GDP, Nasdaq, S&P Futures, NYHL, ADD, Oscillators, SPY, META, XOM, BA, QCOM, MA, AXP, and PSX.
The Fuse Stocks are mixed this morning but grinding their way higher as the SPX 500 has its sights set on moving past 4,900 this week. As we enter a seasonally strong period (a week or so) for stocks, there are many cross-currents this week but there is plenty of opportunity for stocks to rise…
DetailsThe Fuse Stocks are likely to open up lower on this Friday following some weak action overseas and poor reaction to some earnings releases last night. As we head for the end of January trading next week there is a seasonally strong period ahead the lasts until the end of the month, which could take…
DetailsIn today’s Daily Bite, Bob Lang covers the Futures, IBM, GDP, Oscillator, Russell 2000, Annual Season Pattern, INTC, KLIC, V, TSLA, and ASML.
The Fuse Equity futures are quiet this morning as market players await the first release of Q4 GDP data. In addition, durable goods, jobless claims and retail/wholesale inventories will be released. The markets are trying to keep the bullish fumes alive and make an eventual run at 5K on the SPX 500. Interest Rates are…
DetailsChart of the Week: AbbVie This week we’re going to be focusing on biotech pharmaceutical name AbbVie, symbol ABBV – try to say that three times fast. Let’s take a look at the chart and see what we can figure out here. We are going to look at two different charts today, both on the…
DetailsThe Fuse Stock futures are ramping up this morning after some very strong earnings reports from technology companies. Of course, next week will be the Super Bowl of tech earnings but we are treated to a pre-course meal this week. Netflix is the big winner so far as the SPX 500 makes a dash for…
DetailsThe Fuse Equity futures are rather quiet following an up session Monday. That was a followthrough day from Monday which tells us there could be more upside. The SPX 500 has its eyes set on 4900, just more than 1% away. The Industrials closed above 38K for the first time ever. Buyers are showing a…
DetailsIf you based your perception of what trading is like on the frenzied floor action at the NYSE, you may be sadly disappointed at the truth. Trading can be a slow and boring endeavor. And slow market action can make it even more boring. You don’t need to trade constantly Before we get into how…
DetailsIn today’s Daily Bite, Bob Lang covers the Price and Volume, SPX, McClellan Oscillator, GTLB, LRCX, NOW, GE, INTC, NFLX, and IBM.