Daily Bite April 27: Market Analysis and Chart Review
In 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.
In 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.
Fifty years ago this week, options trading was introduced and the stock market was changed forever. On April 26, 1973, the first listed options were traded on the floor of the Chicago Board of Options Exchange (CBOE). Only 16 stocks traded options on that first day when strike prices, expirations, and call options were introduced…
DetailsIn today’s Daily Bite, Bob Lang covers the S&P, Futures, 20 Day Moving Average, Dow, Oscillators, Internals, NYCE, Nasdaq, VIX, HCA, AMZN, CROX, NOW, and ALGN.
The Fuse Equity futures are down this morning as yesterday’s monster rally is digested. The SPX 500 is back above 4100 after a 2 day stint below. With PCE out later this morning and a hot number expected (perhaps 5%), we’ll see how the market handles that piece of news. It is the last trading…
DetailsThe Fuse Futures are up solid today after a two day selling purge. We’ll see if that continues today or a turnaround from mild oversold conditions. Market players are shaking off the strong inflation data, today being the first day of ‘window dressing’. Interest Rates are on the rise this morning following the hot price…
DetailsThe Fuse Futures are flat to down after rising up sharply following earnings from Microsoft, Visa and Google last night. However, the market trend has shifted downward as those gains have suddenly disappeared. Rates continue to fall yesterday as a flight to safety was evident. Auctions for treasuries show lower supply, hence buyers are bidding…
DetailsThe Fuse Equity futures are down this morning after falling just after the European markets opened lower. That region is seeing higher inflation and lower growth, which translates to a stagflation environment. US companies are reporting decent earnings but the bar has been set low. Interest rates are dropping again as the long end of…
DetailsThe Fuse Equity futures are down modestly as we begin the last trading week of April. After a very strong month of March the indices have slowed their pace, so far the S&P 500 is only up .5% for the month but with so much being released this week that could change quickly. Interest Rates…
DetailsWhen and How to Adjust Your Trading Strategy – Webinar Recap Over the past three years, you have had to adjust your trading strategy numerous times. First the markets crashed as the COVID-19 pandemic shut down our world. Then they roared back to life and kept flying higher – until inflation brought everything crashing down in…
DetailsIn today’s Daily Bite, Bob Lang covers the Fed, Oscillators, Puts, VIX, Fed Watch Tool, New Highs New Lows, and SPX 500.