The major stock indices are all heading lower in Futures trading around half a percent. The S&P 500 has breached 4100 to currently 4099 at 7:37 PST This would seem to confirm we hit top of trading range at 100 day moving average on Friday (we closed slightly above the 100 day moving average on … Continue reading
The FED raised interest rates by 75 basis points today following their 75bp hike last meeting. Next FOMC meeting is in September
Elon Musk Terminates Twitter Deal according to his Attorney. Shares of Twitter fall 5% in after-hours trading.
The FED today raised interest rates by 75 basis points. Last time the FED raised by 75 basis points was in 1994.
Market Futures are bouncing off todays lowest print on the year. Dead cat bounce not a turnaround Tuesday. Markets will be volatile into and out of the FED meeting Wednesday. We will use rally to clear any unwanted positions. Dow up 0.85% S&P 500 up 1.05% (3793.00) NASDAQ up 1.31%
Going into the Holiday weekend we could see volatility in Bitcoin due to light volume. As the charts below show we look to be breaking down to retest lower lows. We need to hold $28,213 or could have the bottom fall out in near term trading. This comes as losers from the stable coin blowup … Continue reading
At 11:00pm Pacific Coast Time (PST): Markets are trading higher in the futures market and the Dollar is trading lower. -> Futures of 11:00 pm PST DOW up 0.62% (26962.00) S&P 500 up 0.49% (3316.75) NASDAQ up 0.26% (11092.00) FTSE up 0.71% CAC up 0.89%’ DAX up 0.82%
In the 7:00pm hour PST the President has sent out a new tweet that reverses some of his earlier tweet today on ending stimulus talks. The President tweeted: “The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billon for Small Business. Both of these will be fully paid … Continue reading
At 7:00 Pm PST, U.S. market equity futures are down -.7 to -1%, Dollar Gaining, Euro Futures down -.5 to -.8%, Asian Markets down -.5 to -1%, Oil down -.7%, Gold -.6%. That leaves market beta at 1 now which means everything is correlating together… down.
At 10:50 PST the S&P 500 is trading in the futures market at all time highs of 3501.25