D&D Note (8.18.2022) ~ Light Summer Volume Creates Overbought Market with Upside Capped at 200 Day Moving Average ~ Light volume in the dog days of summer can lead to big moves that have no conviction up or down. Right now we are seeing that light volume have upside risk but that has been capped … Continue reading
D&D Note (6.30.2022) ~ Markets Finish the Worst First Half to Year Since 1970 ~ Large selling of US stocks came from Europe causing the markets to gap down to open with the S&P 500 down nearly 3% to start the session. As European markets closed the US indices began a claw back from the … Continue reading
D&D Note (9.8.2020) ~ Selloff Continues Into 3rd Trading Day After Market Got To Frothy Overbought Conditions Tesla Falls 21% Today For Largest 1-Day Drop ~ The selloff that started last Thursday has carried over into todays session after the long holiday weekend. Tech had been leading the frothy market going up (on the back … Continue reading
D&D Note (7.20.2020) ~ Vaccine Hopes Push Markets Positive On Year With Tech Leading ~ Renewed Vaccine Hope fuels todays rally, the NASDAQ gets its mojo back, the VIX drops below 25. The Oxford University / AstraZeneca potential vaccine show positive early results with production of antibodies and killer T-cells. Analysts say the vaccine fails … Continue reading
D&D Note (6.29.2020) ~ Stocks & Oil Gain On Better Than Expected Economic Data ~ Surprise positive economic data helped boost markets and oil today despite the weakening Coronavirus data. Pending Home Sales posted a record gain exceeding all forecasts. Although much of the improvement in economic data came from states beginning to reopen from … Continue reading
D&D Note (6.12.2020) ~ In A Highly Uncertain Market The Only Certainty Is Volatility ~ After yesterdays dramatic pullback many investors including D&D expected to see a gap down in overnight futures trading. Instead we got a gap up on the opening bell with the S&P 500 at 3088.42 then fell down near 3000 to … Continue reading
D&D Note (6.10.2020) ~ FED Speaks “Whatever it takes as long as it takes” ~ Today was all about the FED announcement. No big surprise came and markets took a leg up following the statement release. FED Chair J. Powell began is press conference by saying they will do “whatever it takes as long as … Continue reading
D&D Note (6.3.2020) ~ Don’t Fight The FED, Greatest 50-day Rally In History of S&P 500 ~ The stock market is forward looking and is a discounting mechanism. While as a human this is absolutely a horrible time for humanity, computers that drive the markets don’t have feelings. The old adage holds true Don’t Fight … Continue reading
D&D Note (5.27.2020) ~ Rotation Continues With Financials Leading And Tech Laggard ~ Markets tried to push higher today with the S&P 500 opening at 3021.72 but as cash trading began we fell down to 2969.75 then rallied back up to 3000 in the afternoon. In the final hour of trading markets attempted to once … Continue reading
D&D Note (5.26.2020) ~ Rotation Into Value From Growth Propels Rally, But Back To Normal? Or Short Squeeze? ~ There are more questions than answers from todays rally. We saw a rotation into Value stocks (like airlines and cruise lines) out of Growth stocks (like Netflix and Zoom). A big question today is how much … Continue reading