Daily Bite August 23: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers NVDA, Calls and Puts, Apple, Amazon, NAHL, VOLD, WDAY, and MRVL.
In 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.
The Fuse Equity futures are mixed this morning with the Nasdaq showing the way higher following a robust earnings report from mega cap NVIDIA. The tech-laden index is up more than 1% pre-market but Dow futures are slightly lower, the cause being a down session by Boeing on news that 737 production problems exist. Interest…
DetailsThe Fuse Stock futures are trying to reverse from yesterday’s nasty spill but are still hesitant to rise much before the speech by Chair Powell in Jackson Hole. As a refresher, last year’s speech dropped the markets by more than 4% and was the start of a move that had stocks selling off towards the…
DetailsThe Fuse Stock futures are clinging to a modest rally that was spurred on overnight strength in Europe, where bonds also rallied. Stocks in the US are trying to battle back and return to an up session before the big Powell appearance in Jackson Hole. Interest Rates are dropping as bonds are rallying smartly with…
DetailsThe Fuse Stocks are looking to continue their rally on Tuesday as volatility is starting to recede. We saw the VIX pop a bit Monday as concerns over higher yields started to spread across asset classes. Equities rallied for the most part (save for the Industrials) but breadth was weak once again. We find ourselves…
DetailsThe Fuse Equity futures are moving up nicely this morning trying to recover from last week’s miserable showing. The SPX 500 fell about 2% on the week and is down near 4% for August. This index and the others are in a correction mode but oscillators are very oversold. Interest Rates are on the rise…
DetailsIn today’s Daily Bite, Bob Lang covers the Dow, Nasdaq, S&P 500, Volatility, Daily SPY, VOLD, NAHL, $TNX, and all things market-related.