US inflation data due on Friday – upside risks BMO on the data from the US on Thursday inflation data for Q2. In brief: Second quarter real GDP surprised on the upside at 2.8% while inflation slowed during Q2 … Continue reading
US Market Wrap Big Tech Drags Down the Markets as Earnings Get Underway Wall Street received a reality check after a disappointing start to the mega-cap earnings season raised concerns that the artificial intelligence frenzy that has propelled the … Continue reading
Markets Earnings Bring A Mixed Bag Of Results – US Market Wrap Source: Financial Juice Economic Calendar S&P 500 Prior Session was Cycle Day 1: Price oscillated in wide range swings fulfilling our upside target 5629, but bulls could not sustain … Continue reading
Markets Economic Calendar Source: Investing.com S&P 500 Prior Session was Cycle Day 3: Positive Three-Day Cycle was fulfilled with 91.67% accuracy covering twelve-plus years of tracking history. We knew the odds were favorable to rally post OPEX as Tech rebounded strongly … Continue reading
Markets Wall Street posted its worst week since mid-April, as a rotation out of technology stocks sparked by last Thursday’s consumer inflation report continued over the past few days. For the week, the Nasdaq (COMP:IND) was down 3.65% and the … Continue reading
Markets Source: cnbc.com Economic Calendar S&P 500 Prior Session was Cycle Day 1: Liquidation selling that had begun on Cycle Day 3 continued to spill-over into today’s session, which fulfilled CD1 Violation Level and established a new Cycle Low at 5570.25. Range … Continue reading
Markets The S&P 500 and Nasdaq Composite retreated on Wednesday as the rotation out of high-flying technology shares and into more rate-sensitive names continued. The broad S&P 500 lost 1.39% to close at 5,588.27. The tech-heavy Nasdaq slid 2.77% to end at 17,996.92, posting … Continue reading
Markets Economic Calendar S&P 500 Prior Session was Cycle Day 2: Normal CD2 unfolded as MATD rhythm was the main theme for this session. Returning traders from lunch decided to get aggressive and orchestrate an upside breakout in K-Period (2:30 – … Continue reading
Markets Source: cnbc.com Economic Calendar S&P 500 Prior Session was Cycle Day 1: Morning rally hit a new ATH but could not hold bid, as price reversed direction with persistent selling throughout the day. Buy response developed at the 3-Day Central Pivot … Continue reading
Markets Economic Calendar Source: Investing.com S&P 500 Prior Session was Cycle Day 3: Positive Three-Day Cycle was fulfilled with a 91.30% success-rate covering twelve-plus years of tracking history. Price also fulfilled 5707.70 Cycle Objective before selling down late into the closing … Continue reading