Daily Bite July 17: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the Nasdaq, Dow Industrials, BBIO, Weekly Earnings, SPX, VIX, $YC2YR, TSM, SLB, UAL, IBM, NFLX, TSLA, and LVS.
In today’s Daily Bite, Bob Lang covers the Nasdaq, Dow Industrials, BBIO, Weekly Earnings, SPX, VIX, $YC2YR, TSM, SLB, UAL, IBM, NFLX, TSLA, and LVS.
The Fuse Futures are rebounding Friday morning after getting pounded yesterday. The result with the Nasdaq down over 2% but the Industrials higher by .5%, thanks to gains in JNJ and GS. With a pending rebalance in the Nasdaq Monday and a fed meeting upcoming we are seeing some repositioning. Interest Rates are modestly lower…
DetailsThe Fuse Equity futures are a bit soft this morning after a hangover of earnings last night. Tesla and Netflix along with Taiwan Semi reported good numbers but not enough to push their stocks higher. As a result, technology is selling off this am, nearly 1%. After the huge run these stocks have had maybe…
DetailsThe Fuse Futures are sputtering early this morning as more big earnings are yet to drop. Overnight we saw mixed inflation news from the UK, the PPI over there was in the negative (good news). Interest Rates on the long end are headed lower this morning as players get prepped and positioned for next week’s…
DetailsThe Fuse Futures are mixed to slightly lower this morning as traders digest earnings news and position themselves in front of this week’s big releases. Interest Rates are falling a bit this morning as it appears the ECB official is signaling a rate reprieve soon. Further, many strategists are now seeing a path towards an…
DetailsThe Fuse Equity futures are mixed this morning as market volatility is rising a bit from the overnight session. We could see a bit of sideways action here in over the next few days before the big tech earnings are delivered. Interest Rates are slightly lower today as a push down from last week’s inflation…
DetailsIn today’s Daily Bite, Bob Lang covers the PPI, CPI, Futures, Pepsi, SPX, Oscillators, NYHL, and BA.
OXY: Chart of the Week This week we are profiling an energy name, Occidental Petroleum. OXY is the symbol. This is a stock that was on a nice run back earlier in the spring. In March, it went from low 50s up to the mid-60s. As some of you may know, Warren Buffet is a…
DetailsIn the world of technical analysis, price and volume always matter most. Yes, you can choose from hundreds of indicators to evaluate chart action. Momentum indicators, stochastics, oscillators, price bands, moving averages and specialized combinations provide valuable information about current and past price moves. In addition, on balance volume and volume oscillators give us deeper…
DetailsIn today’s Daily Bite, Bob Lang covers the Futures, Nasdaq, Russell, Dow Industrials, Interest Rates, CPI, Month-Over-Month and Year-Over-Year, Fed Funds Futures and SPX.