Technology and Financials On The Verge of Breakout
The S&P 500 is taking a breather this afternoon, with the index off 10 bps. The technology sector has been consolidating nicely over the past couple of days and look ready…
Read moreDaily Market Analysis By Michael Kramer
The S&P 500 is taking a breather this afternoon, with the index off 10 bps. The technology sector has been consolidating nicely over the past couple of days and look ready…
Read moreNetflix Netflix (NFLX) just set a powerful tone with the kick-off of the technology sector earnings season. The company blew away subscriber net additions with 5.2 million, with most investors looking…
Read moreEarnings Estimates Week of 7/17/17 We are now entering the heart of earnings this week. Below is a list of notable company’s reporting this week along with street estimates. Don’t…
Read moreS&P 500 Record Close Another day, another S&P 500 record close, we are sitting right near 2460, about 3.5 percent until our 2,550 target, first published on December 22nd, 2016. The…
Read moreNASDAQ The Nasdaq advanced today after finding a bottom on Friday morning. It was technology’s (XLK) turn to lead the way, followed by consumer discretionaries (XLY) and Energy (XLE). Biotech…
Read moreBanks The calendar is heating up this month, and just because it is summertime doesn’t mean the market stops either. This week kicks off earnings, and we get some key inflation…
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Read moreTesla Tesla (TSLA) fell by almost 7 percent today after the company reported second-quarter deliveries, bringing the total for the first half of 2017 to around 47,100, on the low…
Read moreThe sell-off in the markets seems completely overdone and could be creating a very compelling opportunity. With valuations in the FANG stocks or Biotech (IBB) names that are perceived to…
Read moreTechnology shares continue to get wrecked, with the NASDAQ Composite trading down over 2 percent at one point on the day, although as of 3:30 pm has rallied back to…
Read moreTechnology stocks are going in reverse today and are recovering after yesterday’s Algo’s gone wild afternoon session. XLK Price data by YCharts The Nasdaq has recouped all of yesterday’s losses…
Read moreThe technology sector started off quiet, then around 12 p, a program came in and the Algo’s appeared to take over bringing the sector down pretty hard. The Technology ETF…
Read moreWe touched on yields a few weeks back but never finished our discussion. A generation has grown up thinking and believing that yields have to rise because rates today are too…
Read moreOracle Results Oracle (ORCL) stock jumped by over 13 percent last week after reporting quarterly results. The company easily beat both revenue and EPS estimates. The company also noted on…
Read moreMarkets Equities had been posting modest gains until the end of the day saw a mild sell-off across the board. ^SPX data by YCharts Biotech continued to lead the market…
Read moreBiotech Continues to Roll The broader equity market was weaker today, with the S&P 500 (SPY) down just slightly to 2,435, while the NASDAQ Composite (QQQ) was up about 75…
Read moreBiotech Jumps Biotech Shares are surging higher again, despite broader market weakness, although shares of the NASDAQ Biotechnology ETF (IBB) and SPDR Select Biotech ETF (XBI) have given back some of…
Read moreOn June 8, we wrote that S&P 500 looked like it was set-up to take its next leg higher. Today the S&P broke 2,450 setting a new record. ^SPX data…
Read moreThere is never a dull moment is there? This morning out of left field Amazon (AMZN) announced it was buying Whole Foods (WFM). Which sent both stocks up. AMZN Price data…
Read moreTech Re-Test Tech (XLK) sold off again but seemed to continue to find support on our trend line traced out on the previous commentary. When we look…
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