Daily Bite March 3: Market Analysis and Chart Review
In today’s Daily Bite on Twitter, Bob Lang covers the market reversal, SPY and SPX.
In today’s Daily Bite on Twitter, Bob Lang covers the market reversal, SPY and SPX.
We’ve seen bond yields really starting to rise sharply since bouncing off support back in the early part of February. They’ve basically gone vertical from about 3.3, and today we’re hitting four percent on the 10-year yield. In fact, this downtrend line cracked just about two weeks ago. We came back down and tested that…
DetailsSuffering from trading losses? You’re in good company. Over my trading career I have had my share of big wins and spectacular losses. The victories are often very sweet, but it is the losses that I remember – even those that happened 20 years ago. Losing money is embarrassing and demoralizing. However, losing can also…
DetailsIn today’s Daily Bite on Twitter, Bob Lang covers the Futures, S&P 500, Dow, Nasdaq, Volatility, SPY, Stocks above the 50-Day moving average, Apple, and CLH.
The Fuse Futures are up Stocks did an about face on Thursday, pushing higher and are surging again Friday morning. Futures are strong, sporting a solid gain with the ES futures looking to close above 4K for the first time in over a week. Volatility is down and pushing below 20%. The spy resistance is…
DetailsThe Fuse Stock futures are down today as the markets digest overnight news. Early on, we saw positive futures after some strong economic data from China, but similar data here in the States was weaker than expected. The PMI and ISM data fell short of expectations. It might just be a slight hiccup. Money flows…
DetailsThe Fuse Stock futures are modestly higher today as equity players try and decide if February will go out with a bang or a thud. It’s been a rollercoaster ride this month and nothing may be different come March. This 4000 is pretty sticky right here, short term moving averages are converging at this level.…
DetailsThe Fuse Market Futures are higher this morning as bargain hunters are out following Friday’s test of the 200 moving average. Also, we are at the end of the month when we often see some buying occur to pack portfolios with stocks. We call that ‘window dressing’, a phenomenon that perks up stocks with strong…
DetailsAs you navigate the treacherous waters known as the stock market, it is helpful to remember that market action has different drivers depending on the time frame. In the short term, technical and sentiment indicators steal the show. But in the long term, market fundamentals always win. Technicals rule the short-term In our chat room…
DetailsThe Fuse What are futures doing Markets are sharply lower today after the release of the January PCE. The news was not good on the inflation front, all metrics showed higher prices in January than expected. There was a severe break of the 4000 level on the SPX 500 this week, and that is likely…
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