Daily Bite December 18: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the Fang Names, Broadcom, SPX, ACN, FDX, NKE, and The Fed.
In 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.
The Fuse Equity futures are rallying again trying to followthrough on yesterday’s robust move. The Dow Industrials traded and closed above 37K for the first time, this index is strong but so is the Russell 2K, which had a sharp move up by nearly 4% on the session. Both of these indices are now up…
DetailsChart of the Week: Etsy Internet retailer Etsy, ETSY is the symbol. So let’s take a look at this chart on a daily and a weekly basis here. Daily chart looks bullish As you can see since the bottom that was made at the beginning of November, Etsy has made a nice run of higher…
DetailsThe Fuse It’s going to be a busy session with Fed decision day in the afternoon and PPI this morning. Futures are up modestly so far, expanding on yesterday’s up session as the SPX 500 makes a journey towards all time highs. Interest Rates are modestly lower this morning as bonds are rallying back up…
DetailsThe Fuse Equity futures are modestly higher this morning as the market prepares for the Fed’s new policy meeting concluding tomorrow. Stocks are at their highest levels since March 2022 and are looking to build more momentum into the end of the year. But it will take some heavy lifting if the big FANG+ names…
DetailsIn today’s Daily Bite, Bob Lang covers the Jobs Report, Interest Rates, Oscillators, Russell 2000, SPX, AVGO, AMD, and NKE.