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 (8.10.2022) ~ Cooler-than-Expected CPI Report Lifts Stocks with S&P 500 Closing Above 4200 ~ Stocks gapped up and rallied to start the session after a cooler-than-expected CPI print on inflation came in at 8.5%. Throughout the morning the S&P 500 flirted with trading above 4200, by the afternoon it slipped to below 4200 … Continue reading
D&D Note (8.8.2022) ~ S&P 500 Fails Again to Break Out of Trading Range ~ Stocks started the day attempting to rally and break out from the current trading range. An hour and a half into trading the rally failed and traded lower through the session. It continues to look more likely the S&P 500 … Continue reading
D&D Note (8.2.2022) ~ China Tensions and FED Speak on Investors Minds ~ Markets swung from gains and losses today as investors digest House Speaker Nancy Pelosi’s trip to Taiwan and what various FED members had to say in interviews today. Stock futures last night on the S&P 500 slipped below 4100 and in todays … Continue reading
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
D&D Note (8.1.2022) ~ Stocks Slip Into the Red to Start the Month ~ Markets start August slipping into the red after posting the best month since 2020 and finishing the worst first half of the year in 50 years. Treasury yields continue to fall with the 10 Year Yield now at 2.59% on signs … 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 (7.21.2022) ~ Tech Stocks Continue Rally as Dollar Declines ~ The European Central Bank ECB gives markets a surprise with its first rate hike in 11 years coming in larger-than-expected with a 50 basis point hike. The Dollar declined following the surprise action by the ECB and the 10 Year yield moved 12 … Continue reading
D&D Note (7.20.2022) ~ Tech Stocks Rally as Investors See Early Earnings Multiples Holding Up ~ Earnings are ‘OK’ so far as we head further into earnings season helping stocks to continue their rally. Roughly 12% of the S&P 500 companies have reported earnings and so far 68% have beaten analyst expectations. We just have … Continue reading