The Outlook On Thursday we get the Weekly Initial Unemployment Insurance Claims which is it comes in higher than expected could see stocks move lower again. The SPX chart has a down signal in place as the 21 day moving average has fallen below the 50 day. This is a signal down that rarely doesn't "pan out" so stay protected and watch for...
The Outlook Following Tuesday's sell-off, today we get the latest FOMC interest rate decision along with Fed Chair Powell's news conference. This tends to be a volatile event. In general the outlook has shifted back to bearish. Don't trust another bounce at this stage. I am moving back to smaller positions and closing trades in bounces that have...
The Outlook With so many large caps reporting today I don't expect any dips to be very deep. Most investors will be waiting for Amazon.com and Apple earnings. Before markets open this morning we get a number of earnings that could move markets but overall I think stocks like McDonalds, 3M, Eli Lilly and Coca Cola will keep stocks up until we get...
The Outlook While Friday saw a nice move higher in the indexes, it was not a broad move up. As well trading volume slipped. That means Monday has a chance to see some dips but should still close positive. Unless there is a new political or economic event on Tuesday, I am expecting tomorrow to be higher ahead of the FOMC meeting on interest rates...
The Outlook Thursday's early morning plunge, thanks in no small part to stocks like META which collapsed right from the open, was also a reaction to the lower than expected GDP number. It was just two weeks ago that investors were being warned that the economy was strong and consumers spending. Analysts were warning the Fed may raise rates...
The Outlook Thursday will see selling following the plunge in Meta Stock (META) and International Business Machines Stock (IBM) after hours on Wednesday. The worse was in Meta which was "way overdone". I plan to sell put options on Thursday in META but other investors may want to wait for the stock to show signs of bottoming. The selling after...