Bitcoin and CPI data crack the indexes. All three major indexes broke previous major support levels today. Bitcoin has seen weakness for sometime but…
Jerome gave his best fed speech after the today’s 50 basis point rate hike. Usually known for being indirect , he was specific, detailed and to the…
Earnings continue to drive the markets and its been a wild season. The most blatant is GOOG missed earnings but FB beat! I doubt anyone saw that coming…
Earnings season continues to drop bombs. Netflix issued earnings last night and they were a disaster. Subscribers were -200,000 versus an estimate of…
Did inflation peak? The CPI month over month estimate, which determines the rate of inflation, came in at .3% versus .5% estimate. This is the slowest…
Today’s sell off from the open was technical based. We broke several key Index levels. Most important was the was the SPY 200 day moving average which…
We have had one of the largest percentage gains of the last 50 years over the past two weeks. Most notably were the pandemic, the financial crisis and…
The Indexes have been on a run since last weeks Quadruple Witching. Now we are beginning to see signs of it tiring. As we talked about in previous…
The Indexes traded up all day with lots of volatility on several pieces of information. First , China issued a statement that they will bolster up their…
All three indexes closed over the 5 day moving average which is the first time in 6 days. While this is good we did it on very low volume. Roughly 60…
Have you ever read an entire trading book… …and at the end you said, “What a waste of time”? Because I never have. You may get more out of some than…
The Indexes held major support levels on Fed Chairman Jerome Powell’s statements. Between rising oil prices, fed raises rates and the threat of…