Market Report Jan 13 2023

Market Report for Jan 13 2023

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

CPI came in as expected on Thursday and the markets were swinging around 100 points on the Dow during that time to then settle down and close the session in the green.

During last weekend’s webinar, we discussed the potential pop in the market and this week and we have had that pop. We also discussed the scenarios regarding the VIX which is now below 20.

The S&P has

Continue ReadingMarket Report Jan 13 2023

Market Report Jan 12 2023

Market Report for Jan 12 2023

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

Only one of our stocks failed to end Wednesday’s session positive but in the main, the market had been doing what we partly expected from the weekend webinar. The pop but still cautious of a drop.

Once again, strength from the mega-cap stocks helped the market before CPI today.

The S&P 500 is now approaching the DVI and 4000 zone.

The Nasdaq Composite is now just above the 50MA

Continue ReadingMarket Report Jan 12 2023

Market Report Jan 11 2023

Market Report for Jan 11 2023

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

Tuesday witnessed another day of gains in mega-cap stocks which persuaded the S&P 500 to close above its 50 moving average.

Powell’s comments did not seem to impact the market much as investors await Thursday’s CPI number.

Back to normal trading today.

Let’s go trade!

Continue ReadingMarket Report Jan 11 2023

Market Report Jan 10 2023

Market Report for Jan 10 2023

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

Monday saw mega-cap stocks find strength and boost other areas of the markets.

Tech was the leading sector but more than half of the sectors closed negative for the session with Healthcare being the biggest decliner.

Treasury yields moved lower in yesterday’s session.

Let’s go trade!

Continue ReadingMarket Report Jan 10 2023

Market Report Jan 05 2023

Market Report for Jan 05 2023

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

Wednesday marks the official last day of the Santa Claus rally.

Some of the mega-caps managed to find some strength and the market did manage to close on a positive note with gains between 0.40% – 0.80%.

NFP is out on Friday so we might have a thin market but hopefully, we get an indication of intent from the report.

Let’s go trade!

Continue ReadingMarket Report Jan 05 2023

Market Report Jan 04 2023

Market Report for Jan 04 2023

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

The first trading day of the year started on a positive note but ended on a negative one.

Weakness in a few mega-cap stocks kept the market subdued and limited to any upside moves.

Concerns of a weakening economic environment and upcoming earnings may have played a factor but whatever the reason, the start of the year had the same tone as the end of last year.

We should

Continue ReadingMarket Report Jan 04 2023

Market Report Dec 30 2022

Market Report for Dec 30 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

Shares exchanged yesterday were greater than the prior day but the markets are still working on thin volume.

Mega-caps turned up and demonstrated their beleaguered strength at this time.

Overall, broad buying in thin trading conditions with a pullback in Treasury yields as we approach the last trading day of the year.

Let’s go trade!

Continue ReadingMarket Report Dec 30 2022

Market Report Dec 29 2022

Market Report for Dec 29 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

On Wednesday there was no new, no catalyst and no Santa. Also the session contained thin volume which suggests the big dogs are not around and the market is lacking energy.

After today, we might be able to start the New Year celebration, unless Santa is just around the corner.

Let’s go trade!

Continue ReadingMarket Report Dec 29 2022

Market Report Dec 28 2022

Market Report for Dec 28 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

The first trading day post-Christmas felt a little sluggish and volume was thin. Mega-caps weighed down on the market and Santa is still AWOL.

A mixed close left the market participants unsure as to which way to be involved.

No new positions for us other than TSLA hedge which we are anticipating heading towards 100RN. The short position was closed yesterday before the session ended but we may look

Continue ReadingMarket Report Dec 28 2022

Market Report Dec 23 2022

Market Report for Dec 23 2022

S&P 500 and Nasdaq Daily Charts

Stocks and Commodities Price And Percent Changes

Thursday brought out the bears as all the major averages saw red, especially the Nasdaq. All sectors closed in the red too.

Thin volume could also be a factor here but while the levels were less than their averages, they were slightly greater than the prior days. However, the big dog volume might be missing.

VIX increased 9.47% taking it to just below 22.

Can we read too much

Continue ReadingMarket Report Dec 23 2022

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