Stocks finished the day mostly lower despite, the S&P 500 rising thanks to Nvidia.
Category: Monster Market Commentary
Stocks Stall As Nvidia and Bitcoin Tank On June 26, 2024
Stocks finished lower on the day after Nvidia and Bitcoin both fell by more than 6%.
Overbought Stocks May Be Facing Slowing Economic Growth
Inflation swaps suddenly think inflation has vanished, and that is a big concern.
The Over Extended Nasdaq May Have Reached an Inflection Point
The NASDAQ 100 has reached some wildly overbought levels on the weekly charts.
VIX Suppression Leads Stocks Higher On June 17, 2024
The VIX was pegged below 13 the day before OPEX.
The NASDAQ Nears A Major Change In Trend Amid Softer Economic Data
The NASDAQ 100 is now seen a 100% extension and has potentially completed a pattern.
Stocks Trade Mostly Lower As Spreads Widen On European Jitters
Stocks traded mostly lower today, even though S&P 2 finished the day higher
Stocks Reach Overbought Levels During The Fed’s Blindfolded High Wire Act
The S&P 500 climbed above 70 on the RSI and upper Bollinger band today.
Stocks Finished Mostly Lower One Day Ahead of The CPI And Fed
Stocks were mostly lower on the day despite a higher S&P 500.
Implied Volatility May Rise Sharply Ahead of CPI, The Fed
The VIX 1day implied volatility level closed the day 8, and is typically much higher heading into a CPI and Fed Meeting.
Wall Street Has Been Slow To Adapt To A Higher For Longer Fed
The last holdouts looking for July Rate cuts are capulating.
Stocks Stall Ahead Of Pivotal May Employment Report
Stocks finished the day flat ahead of the big May Job report
The Nvidia Rally Continues To Overwhelm
Stocks finished higher on the back of another day higher for Nvidia.
Stocks Finish Mostly Lower Following Weaker Than Expected JOLTS Report
The number of stocks trading lower today, outpaced the number of stocks rising.
Stocks Finish Mostly Lower On June 3, 2024, As Risk-off Sentiment Builds
The number of stocks that were down on the far outpaced the winners
Implied Volatility May Rise, Credit Spread May Widen Amid High Stakes Data
The next 7 to 10 day trading will be filled with market moving data and news.
Stocks Slip on May 30, 2024, As The Market Rotates From Growth To Value, For Now
Stocks were down on the S&P 500, but there was a clear rotation taking place beneath the surface.
The Winds Of Market Change Are Blowing
The market has a noticeably different feel to it the last couple of days.
Is Nvidia Worth 35x Times Sales, History Says No
5/28/24 #Stocks: $NVDA #Macro: $SPX, $DOW, #Rates, $USDMXN, VIX Mike’s Reading The Markets Macro Subscription Service on Seeking Alpha RTM: Looks Can Be Deceiving RTM: 3-Day Weekend Price Action RTM: Stocks Fall Flat, Despite Nvidia Stock Split Surge RTM- Nvidia’s Option Positioning Heading Into Results RTM: Markets Stall Ahead Of Nvidia Earnings RTM: Nvidia Positioning …
Stocks Face Another Tough Week Of Important Inflation Data
The April PCE report will be important for the path of monetary policy, while housing data will be equally as important.