Daily Bite December 14: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the Jobs Report, Interest Rates, VOLD, Russell 2000, VIX, ADSP, Futures, Oscillators, QQQ, IWM, DRI, and ETSY.
In 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.
Many people equate their self-worth with their net-worth. If this is true for you as a trader, you may struggle with trading fear and greed. You’re fearful of losing money and greedy when it comes to making money. I’m not trying to point fingers; we all fall somewhere on the spectrum of fear/greed. But if…
DetailsThe Fuse Equity futures are mixed with the industrials modestly higher while other indices are soft. Traders will be positioning themselves for a post-Fed announcement which could bring some volatility. Taking positions on both sides could be the right move with some two-way action expected. Interest Rates are moving this morning as fixed income markets…
DetailsThe Fuse Equity futures are retreating early this morning as traders wait to see how the November jobs report looks. Consensus is looking for a robust 180K new jobs created and wages ticking down on a y/y basis. Historically, next week is often a soft week for the markets leading into the December options expiration…
DetailsIn today’s Daily Bite, Bob Lang covers the Futures, S&P 500, Breadth, NYHL, GOOGL, and AVGO.