Daily Bite August 28: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers Dow, Nasdaq, Futures, Bull Market, NAHL, and NVDA.
In today’s Daily Bite, Bob Lang covers Dow, Nasdaq, Futures, Bull Market, NAHL, and NVDA.
The Fuse Stocks are trying to push through a consecutive up day for the first time in August. Overall, market interest has been sour, huge drawdowns in equities have been seen this month, and if that continues into September with higher bond yields then stocks could be under pressure again. Interest Rates are steady this…
DetailsThe Fuse Equity futures have a solid bid this morning after a very volatile last day of August. As we start the new month, we have plenty of data to consider surrounding the jobs report for August, which is ironic that it comes out before the Labor Day holiday. Interest Rates are modestly higher this…
DetailsThe Fuse Stocks are up strong today and pushing through some heavy resistance. Tech names are carrying the load as are energy stocks. Breadth is okay so far but not all that impressive, after five up day the bulls may be getting tired. Interest Rates are lower today as the data is coming in favor…
DetailsThe Fuse Equity futures are mixed but off their lows from the overnight session. Following the last two days where the SPX 500 has gained nearly 100 points, we might see stocks take a brief pause, but with data out this morning that could shake things up (ADP, 2nd look GDP, PCE) we could see…
DetailsThe Fuse Stock futures are slightly lower as the recent bounce from an oversold condition starts to fade away. As we come up to the last trading session in August the indices are behind the curve though had a solid move up on Monday. That was the 8th straight up Monday, but before you get…
DetailsIn today’s Daily Bite, Bob Lang covers NVDA, Calls and Puts, Apple, Amazon, NAHL, VOLD, WDAY, and MRVL.
Chart of the Week: ADBE It’s time for our chart of the week, and we’re going to focus on Adobe Systems, ADBE is the symbol. This is a big software company that has started to turn around here. They have earnings coming out next month in September, and we think the stock is making a…
DetailsAs a technician, I use many tools and techniques that provide me with quality information about the current market situation. Of course, indicators are not perfect, and they should often be used in combination with each other. One tool I highly recommend adding to your toolkit is oscillators. Oscillators show you shifts in sentiment in…
DetailsIn today’s Daily Bite, Bob Lang covers the IWM, Nasdaq, S&P 500, Dow Industrial, Russell 2000, NAMOT, SPY, Volatility Index, and the VIX.