Market Report Dec 02 2022

Market Report for Dec 02 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

Thursday did not witness any follow-through from Wednesday’s bullish behaviour. From what we watch, Nasdaq was the only index to close slightly positive.

Our stocks performance ranged from +7.80% to -2.02%. More than 50% of our positions ended up.

Today we await NFP which is forecasted for 200k. Last month was 261k.

Happy [rekend everyone.

Let’s go trade!

Continue ReadingMarket Report Dec 02 2022

Market Report for Dec 01 2022

Market Report for Dec 01 2022

S&P 500 and Nasdaq Daily Charts

The market was awaiting Fed Chair Powell’s speech since the muted London open and stocks reacted very positively.

So November closed bullish across the main indices and while this may come across surprisingly for some and catch them off guard and on the wrong side of the trend, we were half expecting to see some strength in this market and have positioned accordingly since the end of August. We

Continue ReadingMarket Report for Dec 01 2022

Market Report for Nov 30 2022

Market Report for Nov 30 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

As the market awaits Fed Chair Powell’s speech today, investors were tentative but still had a more upbeat note than Monday had offered.

NYSE advancers. were almost 2:1 and just slightly less than equal on Nasdaq.

We decided to close half of our position off before CRWD earnings as most tech failed to provide good earnings during this season.

Crude oil managed to gain some strength on Tuesday’s session,

Continue ReadingMarket Report for Nov 30 2022

Market Report for Nov 29 2022

Market Report for Nov 29 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

As per the weekly webinar, we were expecting to see some weakness coming into the new week and possibly into the following week too. The first Monday after Thanksgiving obliged as the Dow Jones Industrial Average fell 500 points. That is the biggest move down in 12 trading day for the index.

All the Indices we track fell between 1.4% – 2.10%.

We have Powell’s speech on Wednesday and

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Market Report Nov 23 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

At least a 1% increase across the major indices on Tuesday and all the sectors also enjoyed a good day.

Mega-cap stocks that endured some selling in recent sessions found their bullish momentum and there seemed to be some buying interest in stocks that had taken a battering of late as we now approach the holiday season.

Last trading day before Thanksgiving so nearly time to get ready for our prekend.

Let’s go trade!

Continue ReadingMarket Report Nov 23 2022

Market Report Nov 22 2022

Market Report for Nov 22 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

As the shortened trading week kicked off, the lagging mega-cap stocks weighed down on the stock market. Nasdaq fell 1% while Dow Jones Industrial Average only declined by 0.13%.

TSLA tagged a 52-week low today which is where the 200-week line has been waiting with open arms but DIS had a very bullish day as Bob Iger was re-appointed as CEO.

Overall, a muted Monday.

Let’s go trade!

Continue ReadingMarket Report Nov 22 2022

Market Report Nov 18 2022

Market Report for Nov 18 2022

S&P 500 and Nasdaq Daily Charts

Commodities Price And Percent Changes

Fed President Bullard said the fed funds rate may need to be between 5-7% which is more than was expected by the market. Higher rates will lead to worries about the economy and might see further stunted earnings growth.

The market closed slightly in the red across the board but higher from the start of the day, even after Bullard’s statement.

Both the S%P 500 and Nasdaq Composite are

Continue ReadingMarket Report Nov 18 2022

Market Report Nov 17 2022

Market Report for Nov 17 2022

S&P 500 and Nasdaq Daily Charts

Commodities Price And Percent Changes

The market’s reaction to October sales seemed mixed as well as towards the earnings from LOW and TGT. Many stocks closed in the red.

Over the last few days, we could be seeing the market contemplating before commencing a new move.

When there is nothing to do, do nothing. Wait for the price action to dictate our action.

Let’s go trade!

Continue ReadingMarket Report Nov 17 2022

Market Report Nov 16 2022

Market Report for Nov 16 2022

S&P 500 and Nasdaq Daily Charts

Commodities Price And Percent Changes

PPI coming in cooler than expected, the markets found reasons for some additional premarket strength going into the open on Tuesday.

The market suddenly found some weakness during the session after reports of Russian missiles in Poland (NATO member) killing two people. After that, the market did find some strength again but seemed to have lost the momentum it displayed prior to that news.

So far the markets are

Continue ReadingMarket Report Nov 16 2022

Market Report Nov 15 2022

Market Report for Nov 15 2022

S&P 500 and Nasdaq Daily Charts

Stock Market Price And Percent Changes

Commodities Price And Percent Changes

The market has been on a steady incline for the past few weeks and it seemed the market had to pause and contemplate the next move it should make after eyeing up the resistance level just above at 4000.

Fed Governor Waller said “we’ve still got a ways to go” before stopping interest rate hikes. That seemed to stunt the bullish sentiment for the session.

PPI figures may spark

Continue ReadingMarket Report Nov 15 2022

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