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D&D Note (9.15.2020) ~ Rally Fades As Stocks Pair Gains Into The Close ~ Tech led the rally in the stock market again today. However, as the day went on stocks began pairing their gains into the close. Financial Sector was the laggard on the day down -1.36% with JPM down -2.99% and Citigroup down … Continue reading
D&D Note (8.6.2020) ~ Stock Stage Afternoon Rally On Hopes Of New Stimulus Relief Bill ~ There is still not a new Stimulus Relief Bill however, Nancy Pelosi says there is progress on negotiations ahead of the self imposed Friday deadline. This was enough hope that a bill will get passed to lift markets in … Continue reading
D&D Note (7.30.2020) ~ Stocks Mixed On GDP With Tech Standout Gainer Ahead Of Earnings ~ The major indices all gapped down to open todays session. The NASDAQ rebounded into the green in the afternoon ahead of Big Tech earnings from Apple, Amazon, Alphabet, and Facebook. Apple – Beat with record results and plans 4-for-1 … Continue reading
D&D Note (6.26.2020) ~ Markets Selloff Due To Increasing Covid-19 Cases ~ Markets immediately after opening gave back all gains from yesterdays late day rally (perhaps late day short covering causing yesterdays last minute heroics). Throughout the day stocks drifted lower and lower. The major indices all closed on the lows of the day. The … Continue reading
D&D Note (6.17.2020) ~ Rally Fizzles With S&P 500 Closing At 200 Day Moving Average ~ Markets began the day under pressure trading down to sideways. Once FED Chair J. Powell began his testimony in front of congress we did see an uptick pushing markets just into the green. The FED has been saying nothing … Continue reading
D&D Note (6.15.2020) ~ Markets Gap Down On Open Then Rally Into Close With Help From The FED ~ Overnight futures brought markets to gap down upon open today with the S&P 500 beginning the day at 2965. We saw a steady rally from the lows throughout the day to get back into the green … Continue reading
D&D Note (6.11.2020) ~ Markets Fall Over 5% Pricing in 2nd Wave Of Covid-19 Virus ~ This market was top heavy and ripe for a pullback. The FED yesterday sounded a dovish but somber tone and essentially called out the jobs report saying in reality unemployment was 3% higher and that black & hispanic unemployment … 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 (5.29.2020) ~ Markets Relieved Trump Maintains Trade Deal With China ~ Once the news hit yesterday that President Trump was to have a press conference today on China, markets had been under pressure and traded lower from futures into cash trading. The rotation we saw this week reversed with money going back into … Continue reading
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