Daily Bite May 25: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the Futures, GDP, NVDA, Fed Funds Futures, S&P 500, DECK, WDAY, and COST.
In today’s Daily Bite, Bob Lang covers the Futures, GDP, NVDA, Fed Funds Futures, S&P 500, DECK, WDAY, and COST.
Chart of the Week: Apple This week we are looking at Apple (APPL), but more from a bearish point of view. If you take a look at the chart, you can see from the lows in January, the stock has made a nice series of higher highs and higher lows. If you connect all the…
DetailsIn today’s Daily Bite, Bob Lang covers the Futures, Nasdaq, Apple, Meta, TSLA, VIX, Amazon, Breadth, NYHL, QQQ, Russell, Fed Funds Futures, and GDP.
The momentum indicator is key to finding winning trades, and in fact, it’s one of the indicators (after price and volume) that I watch closely. However, it has been very hard to find sustained momentum during this bear market. It’s one of the (many) reasons trading in a bearish environment is so hard. What is…
DetailsThe Fuse Equity futures are strong this morning, following up on yesterday’s nice surge in the SPX 500. Note however, breadth was poor and the Russell 2K and Down Industrials were down on the day. As we head into the long weekend, expect to see volatility recede. Interest Rates are down a bit as the…
DetailsThe Fuse Equity futures are rocking this morning after the very strong earnings from NVDA. The strong performance is spreading to other names in tech land as there are some potentially big moves to come with stocks AI-related. Today we’ll have GDP second look and jobless claims. Interest Rates are slightly on the rise as…
DetailsThe Fuse Futures are dropping this morning as the big selloff from yesterday extends. We see some good support levels but they are substantially lower. Interest Rates are heading lower as bonds are still attractive here. Money flows have slowed down sharply in the economy as treasury is preparing for the worst case scenario in…
DetailsThe Fuse Futures are lower this morning as the stock market remains mildly overbought. Further, many are hesitant to commit capital before a debt ceiling agreement can be reached. It continues to be a stock picker’s market. Interest Rates are headed higher this morning as the long end of the curve remains a sell trade.…
DetailsThe Fuse Futures are down slightly after a moderately down overnight session. The ES futures are still clinging to 4200 as the moving averages catchu up to price. We still find only a few names are carrying the indices (mostly Nasdaq), but perhaps some better breadth and participation is upon us. Interest Rates are falling…
DetailsIn today’s Daily Bite, Bob Lang covers the Futures, VIX, S&P 500, Walmart, CSIQ, BABA, TSLA, NYHL, Nasdaq, AMAT, ROST, and DAL.