Sold: AAPL
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
Sold: RIVN INCO CAT CRM AAPL MSFT AMD TSM
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
Sold: GM SPCE
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
Sold: ABNB SPCE GM
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