Daily Bite April 20: Market Analysis and Chart Review
In today’s Daily Bite, Bob Lang covers the Fed, Oscillators, Puts, VIX, Fed Watch Tool, New Highs New Lows, and SPX 500.
In today’s Daily Bite, Bob Lang covers the Fed, Oscillators, Puts, VIX, Fed Watch Tool, New Highs New Lows, and SPX 500.
AMZN: Chart of the Week Let’s take a look at the chart of Amazon (AMZN). You can see from the middle to early part of March the stock has been in a nice uptrend with higher highs and higher lows. You can see the channel is established here of higher highs and higher lows.…
DetailsWe are at the end of a bear market, which is both good news and bad news. Indices may not decline too much in the coming months, but it takes a while to recover from a bear market. The bulls are going to find it challenging to make any upside progress. Right now, markets are…
DetailsIn today’s Daily Bite, Bob Lang covers the S&P 500 Futures, Nasdaq, Dow Industrials, VIX, Schwab, the week ahead, the Fed, Rate Hike, GDP, AXP, ISRG, and HCA.
The Fuse Futures are up nicely this morning after a deep selloff overnight. The Russell 2K has been the strong index this week, we are looking to see if the 175 level holds on the IWM. As for the Nasdaq 100, it’s 13K that has been a struggle, we’ll see if that number is exceeded…
DetailsThe Fuse Futures are down hard again as they were yesterday as buyers are having trouble stepping up to pick at the down market. Inflation yesterday from the UK and Euro zone pretty much indicates they will be raising rates next month. 4,200 on the SPX was the targeted zone, but we seem to have…
DetailsThe Fuse Not much of a bid today as the futures are down and have been weak since the overnight session began. We’ll see if volatility sellers come out again today and push the markets up. The SPX 500 continues to make a slow push towards the February highs, just under 4200. The Nasdaq 100…
DetailsThe Fuse Futures are up sharply as they continue a drive up towards their February highs. Overnight we got a reading on China GDP, which came in better than expected. As the SPX makes a run to 4200, we acknowledge the markets are bit overbought here, but not extreme. That could change though in the…
DetailsThe Fuse Futures are mixed this morning but volatility is on the rise. Traders and investors are waiting for some big earnings to hit the street a bit later in the week, along with options expiration. After a strong move higher last week we are looking to see if the SPX 500 can stay above…
DetailsMRK – Chart of the Week This week we are profiling the pharmaceutical name Merck; MRK is the symbol. This chart has one of my very favorite bullish patterns, the W. (W is for winners – M is for murder!) If we’re bullish, we like the W pattern in this stock. It’s having a…
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