Daily Bite March 20: Market Analysis and Chart Review
In today’s Daily Bite on Twitter, Bob Lang covers the Futures, S&P 500, Dow Industrials, VIX, Suisse Bank, 50-Day Moving Average, MACD, the Fed, and the VVIX.
In today’s Daily Bite on Twitter, Bob Lang covers the Futures, S&P 500, Dow Industrials, VIX, Suisse Bank, 50-Day Moving Average, MACD, the Fed, and the VVIX.
The Fuse Futures are down sharply this morning as news from overseas percolates into a full blown banking crisis. Yesterday appeared to be a strong reversal from Wednesday’s selling, but there was an about face and stocks fell sharply, and may followthrough into the weekend. 3900 on the SPX 500 is where we might see…
DetailsThe Fuse Futures are up modestly this morning after the markets spent a day in the spin cycle on high. Overnight saw a bit of a comeback from the euro markets but this modest rally is falling far short of making up ground following Wednesday’s drubbing. Breaking 4K on the close again was a painful…
DetailsThe Fuse Futures are up strong this morning, the Dow Industrials extending strong gains from yesterday. The SPX 500 looks to open higher but still below the 4K level, the R2K looks to followthrough as well. Perhaps some positioning in front of the Fed decision tomorrow. 3900 on the SPX remains in view, but the…
DetailsThe Fuse Equity futures are all over the map this morning. Volatility is certainly elevated in front of the big Fed meeting this week. Overnight futures rose up 30 handles but then plunged 70 handles from there to break 3900 on the SPX futures, but have rallied. back to the flat line. With a pretty…
DetailsIn today’s Daily Bite on Twitter, Bob Lang covers the Futures, Credit Suisse, Fed Funds Futures, Inflation, S&P 500, Oscillators, Dow and the VVIX.
XLF – Chart of the Week This week we are talking about the ETF called the XLF, which is the select sector fund for SPDR for the financials – long. As you can see here on the chart on the right hand side, the index has been taking a beating for the past six or…
DetailsFor some time now we have heard the Federal Reserve talk about crafting monetary policy based on “the data.” What no one really talks about is how economic data is interpreted and used to guide monetary policy, and why certain data is more important than others. The Fed has tried for 25 years to be…
DetailsIn today’s Daily Bite on Twitter, Bob Lang covers the Bank Shutdown, S&P 500, Dow Industrial, IBD, Yields, Feds Funds Future, Stocks Above 50-Day Moving Average, and Oscillators.
The Fuse Equity futures are getting drilled this morning as more banking worries spread around the world. This time it is Europe, where many banks have collapsed today. Led by Credit Suisse, whose woes are well-documented, stocks across the world are reeling. Stocks look to break the 3900 level once again, and a reversal that…
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