One hour before the opening bell the latest CPI data will be published. This reading is vital for understanding if inflation has reached a peak and whether it shows any signs of subsiding. Analysts expect an increase of 0.2% compared to last month and an yearly increase of 8.2%. If the numbers show a slight decline, suggesting that the FED’s policy of fiscal tightening is working, one may expect an oversold bounce in most sectors May 11, 2022 Read more
Bitcoin reversed last night as it reclaimed $30K. See if it stays above $31K for overall sentiment in tech and growth names. A move above $32.9K will be a bullish signal across the board. May 10, 2022 Read more
Oversold bounces are a natural occurrence during bear markets. Do not fight the trend and try to participate responsibly. Watch $MSFT and $AAPL for clues. Does $TSLA reclaim $800 and has $AMZN reached the bottom? May 10, 2022 Read more
With futures higher this morning, see if the $SPY reclaims $400 for a possible oversold bounce. Watch the leaders in tech for clues and keep an eye on the $TLT in order to measure today’s composure May 10, 2022 Read more
Futures are lower ahead of a new week on Wall Street. See if we get a capitulation type move ahead of the CPI or if the active bulls defend the lows once again. $AAPL and $MSFT are crucial for sentiment this week. Watch the $TLT for clues May 9, 2022 Read more
The market is pricing in a 50bps rate hike for this FED meeting. Watch the market’s reaction to Powell’s statement and his press conference for clues about the balance sheet reduction pace. A hawkish FED may bring us back to the lows of the year very quickly. May 4, 2022 Read more
$AMD will be an important barometer for the tech sector today after its earnings report last night. Does it reclaim $100 for momentum, or will another strong report be for sale in the current market environment? May 4, 2022 Read more
In order for the active bulls to reclaim some momentum, see if $TSLA can stay above $900, $MSFT above $285 and $AAPL above $157. Some short covering ahead of FED may accelerate the buying frenzy. May 3, 2022 Read more
After yesterday’s reversals in indices and individual stocks see if we get some followthrough today. Watch the semis and small caps for clues. If this was a temporary bottom, see if we hold the key support levels. May 3, 2022 Read more
In order to measure today’s action, see if the $QQQ can get above $317-20 and the $SPY above $418. If the sellers return on the first trading day of May, we may have the capitulation move most traders expect for a ‘restart’ of the market. May 2, 2022 Read more
‘Sell in May and go away’ is one of the oldest cliches on Wall Street! Is there anything else left to sell this time around? May 2, 2022 Read more
With futures higher this morning, we are in no rush to chase the open. Watch the semis and small caps for clues about the possibility of an oversold bounce into the FED statement on Wednesday. May 2, 2022 Read more
Futures are currently flattish after yesterday’s rally and earnings reports from $AAPL and $AMZN. See if we have some window dressing for the end of the month or an outright rug pull ahead of FED next week. Watch $AAPL, $TSLA and $MSFT for sentiment April 29, 2022 Read more
With futures higher this morning after $FB better than expected quarter, see if the active bulls get a chance to post an oversold bounce into the bigger resistance area. $AAPL and $AMZN will be key in determining whether yesterday we witnessed the bottom in the tech sector April 28, 2022 Read more
With a huge buyback program approved and a looming stock split, see if $GOOGL gets a pass after the recent earnings. See how much of the gap it can fill today after yesterday’s after hours selloff. The low was $2220. April 27, 2022 Read more
After $TSLA’s biggest drop of the year, see if the EV leader attempts a bounce. $900 and $930 are important resistance levels to watch for today. A move below $875 opens the door for $825-40. April 27, 2022 Read more
$MSFT will be key for sentiment today. After a solid report and guidance, $MSFT reclaimed $280 in after hours. With futures higher, see if the sellers return and reject price at $285-88. A break of $270 and the $QQQ will be in trouble. April 27, 2022 Read more
Yesterday’s reversals in most sectors should lead to some higher prices today. On our radar are $TSLA, $NVDA and $AAPL. See how the market reacts to $MSFT and $GOOGL after hours. See if this was just an oversold bounce or the beginning of a new active sequence. April 26, 2022 Read more