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 (7.28.2022) ~ Earnings Have Been Better-Than-Feared Leading to Stocks Rallying ~ The GDP print for Q2 came out this morning showing a second consecutive quarter of negative growth falling 0.9%. Following the GDP print bond yields fell below 2.90%. Stocks started the day down but then looked past the GDP print and rallied … Continue reading
D&D Note (7.27.2022) ~ FED Raises Interest Rates by 75 Basis Points and Markets Take Off in Rally Mode ~ Stocks begun the day in rally mode following the strong gains in Alphabet and Microsoft in last nights after-hours trading. Both companies reported earnings after the bell yesterday and both actually missed earnings expectations, however … Continue reading
D&D Note (7.18.2022) ~ Apple News of Slowing Hiring & Spending Fizzles Todays Rally ~ Stocks started todays session with a continuation of last weeks rally on the back of bank earnings. The 2 Year Note continues to be a main directional driver of the overall stock market. Today we saw a slightly weaker dollar … Continue reading
D&D Note (7.6.2022) ~ FED Minutes Spark Late Day Rally ~ Treasury Rates where volatile today swinging the overall markets. Post the FED minutes release bond yields reversed to 2.93% on the 10 Year Note and stocks rallied in the last hour of trading. Markets gave back some of the gains but finished in the … Continue reading
D&D Note (6.29.2022) ~ Stocks Struggle for Direction Swinging From Gains to Losses Throughout the Day ~ Stocks struggled for direction today with the S&P 500 hovering around the flatline drifting slightly up and down every hour throughout the day. This as the S&P 500 is near key support. The overall market is set to … Continue reading
D&D Note (6.16.2022) ~ Markets Fall to New Lows as Investors Worry the FED will Induce a Recession ~ It was a sea of red today in the markets with selling starting in the Futures market causing the Indices to gap down at the open. The S&P 500 finished off the lows of the day … Continue reading
D&D Note (6.14.2022) ~ Markets Now Expecting 75 Basis Point Rate Hike Tomorrow ~ Overnight futures rose 1% but gave back the dead cat bounce in todays session after a choppy up and down day with both the DOW and S&P 500 falling further into the red. The 10 Year Note hits highest yield in … Continue reading
D&D Note (6.6.2022) ~ Morning Rally Fades as 10 Year Note Yield Rises Above 3% ~ Stocks opened the day substantially higher (around 1%) with news Beijing rolled back some COVID related restrictions. Then the rally faded throughout the day as bond traders sold the 10 Year Note sending the yield above 3%. We could … Continue reading
D&D Note (6.3.2022) ~ Bear Market Bounce Fades as Markets Give Back Yesterdays Gains ~ It would appear that the recent Bear Market Bounce has ended today with markets giving back the gains from yesterdays rally and the gains for the week. The Jobs Report today came in above estimates at 390,000 added compared to … Continue reading