Daily Bite May 4: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the Fed meeting, Interest Rates, SPX, Stocks Above 50-Day Moving Average, Apple, and Nonfarm Payroll.
In today’s Daily Bite, Bob Lang covers the Fed meeting, Interest Rates, SPX, Stocks Above 50-Day Moving Average, Apple, and Nonfarm Payroll.
SLV: Chart of the Week The Silver ETF has a nice constructive pattern over here of higher highs and higher lows. More recently, it had a really steep uptrend from the middle part of March to the beginning part of April. So a good 30-35 days of uptrend from about the 17.70 area up…
DetailsIn today’s Daily Bite, Bob Lang covers the Futures, Interest Rates, SPX, ISRG, MA, ANET, UBER, and CRM.
You likely have been hearing lots of talk about zero days to expiration options, commonly called 0DTE options. As the name implies, these options expire in one day. And as you might assume, this is a higher risk option play. (I recently was interviewed on Yahoo Finance about options and we spoke a bit about…
DetailsThe Fuse Futures are up smartly this morning before the jobs report hits. Volatility futures are down, which is stoking an early rally, perhaps off the market rout the last couple of sessions. There is a firm bid today, so whatever the jobs number may be there seems to be plenty of stock to buy.…
DetailsThe Fuse Futures are soft today in a follow on from yesterday’s sharp reversal. Breadth signals have been telling us a big reversal was upon us, and after ‘painting the tape’ to end April on a high note, the sellers have again taken control. A bearish eveningstar pattern emerged on Tuesday and confirmed yesterday. If…
DetailsThe Fuse Equity futures are modestly higher this morning after taking a beating yesterday. The 1% loss on Tuesday may have been negligible but it pushed markets back from the top of the range. Volatility is likely to expand over the next few sessions. Interest Rates are falling slightly as the bond market prepares for…
DetailsThe Fuse Futures are down a bit today as we suspect traders are waiting to see how the Fed positions itself for monetary policy. Interest Rates are lower today as bond prices continue to soar. The last message of the bond market to the Fed before their meeting is ‘slow down’. Perhaps some of this…
DetailsThe Fuse Futures are flat to mixed today as the overnight range was extremely narrow. Is this a sign of a bigger move to come? It probably is, but for now the benefit of the doubt is given to the bulls based on the strong price action of late. Interest Rates are moving higher this…
DetailsIn today’s Daily Bite, Bob Lang covers the Futures, GDP, Internals, Nasdaq, QQQ, Divergence, New Highs and New Lows, Stocks Above 50-Day Moving Average, the Fed, SPX, and the Oscillators.