Why SPY $398 Matters Now
SPX futures are flattish after a big two-day move. The index did a Red Dog Reversal buy when it reclaimed 3939 and had power Friday to see 4048. I’d think we have a bit of digestion into Powell Tuesday, JOLTs numbers on Wednesday, and NFP Friday. Holding 3990-4010ish shows some commitment. SPY reclaimed $393.38 Thursday and had […]
Continue Reading -->Why Tesla’s Friday High Is Key Right Now
Tesla (TSLA) crashed from 314 on September 21, 2022 to 102 on January 6, 2023. My Square of 9 Wheel shows that 314 is 180 degrees straight across and opposite January 6th for a Time/Price Square-out. As legendary stock operator WD Gann wrote, “When time and price square-out expect a change in trend.” I explain it […]
Continue Reading -->Coffee With Greta: Fed Chair, Jobs In Focus This Week
DJIA Futures: +51 (+0.2%) SPX Futures: +11 (+0.3%) NASDAQ Futures: +56 (+0.5%) Good morning friends! Futures are slightly higher as traders gear up for a new week of trade and look ahead to key economic data. Let’s get right to it! Powell, Jobs In Focus This Week The market is looking ahead to hearing from […]
Continue Reading -->The Bears vs. the Soup Nazi
“I have squandered my resistance For a pocketful of mumbles Such are promises All lies and jest Still a man hears what he wants to hear and disregards the rest.” –The Boxer, Simon & Garfunkel Stocks rose sharply on Friday as the market followed through from Thursday’s upside reversal from the SPX 200 day. Thursday’s […]
Continue Reading -->The Manic Bear
Since the October low, the SPX has carved out two 6-7 week rallies interspersed with a drop into a December 22 low. The Bear Flag in the 3rd week of December had many players betting on immediate breakage to a test of the October low… or lower. But the elevated year-end tax selling when the Santa […]
Continue Reading -->Coffee With Greta: Stocks Rise As February Ends
DJIA Futures: +46 (+0.1%) SPX Futures: +4 (+0.1%) NASDAQ Futures: +2 (+0.01%) Good morning friends! Futures are up slightly as traders brace for the final trading day of February. Let’s get right to it! February Comes To A Close Today is the last day of February and the major indexes are on track to close […]
Continue Reading -->Why SPX 3995 Matters Now
SPX futures are up 18 after hitting a low of 3943 Friday. The Oscillator hit -62. I’d think any bounce gets contained into the 4028-4047 area. If it gets rejected at the 3995 pivot, I’d think Friday’s low breaks sooner rather than later. I didn’t put the BOS account to work yet. We’ll see how […]
Continue Reading -->Coffee With Greta: New Week Bounce
DJIA Futures: +237 (+0.7%) SPX Futures: +33 (+0.8%) NASDAQ Futures: +125 (+1.1%) Good morning friends! Futures are rising as traders attempt to shake off last week. Let’s get right to it! New Week Begins Higher Stocks are rising ahead of the open as traders try to bounce back after the worst week of the year. […]
Continue Reading -->Coffee With Greta: Another Hot Inflation Report
DJIA Futures: -372 (-1.1%) SPX Futures: -53 (-1.3%) NASDAQ Futures: -215 (-1.8%) Good morning friends! Futures are tumbling after the release of more hotter-than-expected inflation data. Let’s get right to it! Another Hot Inflation Reading The Fed’s preferred inflation gauge rose more than expected in January. The Bureau of Economic Analysis’ personal consumption expenditures (PCE) […]
Continue Reading -->Coffee With Greta: Earnings Boost Stocks
DJIA Futures: +40 (+0.1%) SPX Futures: +15 (+0.4%) NASDAQ Futures: +104 (+0.9%) Good morning friends! Futures are higher as the market looks to rebound from a 4-day losing streak and Nvidia’s earnings beat boosts tech stocks. Let’s get right to it! Nvidia Rallies On Earnings Beat Nvidia (NVDA) shares are jumping 11% ahead of the […]
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