Markets Campaign trail ends with market rally Tech mega-caps continue to be the big gainers across the board following a razor-thin election and outstanding political uncertainty (didn’t the sell-side say a lack of immediate results would be negative for the … Continue reading
Markets The “too early to call” Election Night does not seem to be giving tech traders anxiety as Nasdaq 100 (NASDAQ:QQQ) futures climbed fast enough to trigger an exchange volatility halt that pauses rapid swings at 3.5%. Contracts linked to the index … Continue reading
Markets Rally in the works U.S. equity index futures are continuing their strong start to the week in the wake of last week’s selloff, climbing another 1.4% overnight following a green session on Monday. Source: SeekingAlpha.com Economic Calendar 8:55 Redbook Chain Store Sales10:00 Factory Orders … Continue reading
Markets What will November bring? The major averages are coming off their worst monthly performance since March amid surging coronavirus infections, extinguished stimulus talks and a slump for Big Tech following quarterly earnings reports. The Dow closed out October with … Continue reading
Markets Wild swings Solid earnings from America’s largest tech firms weren’t enough to keep investors from selling late Thursday, with U.S. stock index futures reflecting the sentiment overnight: Dow -1.5%; S&P 500 -1.5%; Nasdaq -2%. Alphabet (GOOG, GOOGL) took the spotlight of yesterday’s Big … Continue reading
Markets Worst selloff in months Futures are trading near lows pre-RTH following a session that saw the biggest plunge for stocks since June on a resurgence in the number of deaths and hospitalizations due to COVID-19: Dow +0.8%; S&P +1%; Nasdaq +1.3%. Source: SeekingAlpha.com … Continue reading
Markets Selling picks up, oil tumbles An alarming rise in new COVID-19 cases continues to weigh on market sentiment, with U.S. stock index futures sliding over 1% overnight and crude futures off 4% to under $38/bbl. Source: SeekingAlpha.com Economic Calendar 8:30 International trade in goods (Advance)8:30 Retail … Continue reading
Markets Wall Street sold off on Monday, led by a decline in energy, industrial stocks and other cyclicals, prompting the Dow to slide 650 points to record its worst week since September. Echoing the weakness, compounded with little hope of … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index10:00 New Home Sales10:30 Dallas Fed Manufacturing Survey https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Friday’s Session was Cycle Day 3 (CD3): 3 Day Cycle Statistic was fulfilled with price oscillating within value … Continue reading
Markets It’s been quite a choppy trading week on Wall Street, and that trend didn’t stop overnight, with U.S. stock index futures inching into the green after spending the first half of session in the red. Source: SeekingAlpha.com Economic Calendar 9:45 PMI … Continue reading