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Major Upside Reversal Pushes Back Bears (Again) – The Market Breadth
2 months ago by Dr. Duru @ Dr. Duru

In this “special edition” post, I recorded my thoughts on the stock market in an 8-miunte video. The main headline is that an abrupt improvement in the technicals from a major upside reversal forced me to run from my short-term bearish trading call and settle into neutral. As has been the case all year, the ... Read more The post Major Upside Reversal Pushes Back Bears (Again) – The Market Breadth appeared first on ONE-TWENTY TWO: Trading Financial Markets.

NVDA

Major Upside Reversal Pushes Back Bears (Again) #stockmarket #technicalanalysis
2 months ago by Dr. Duru Diagnoses Markets @ Dr. Duru Diagnoses Markets

The stock market pulled off a major upside reversal from the lows of the day, at least partially thanks to a soaring rally by $NVDA. The S&P 500 broke out above its resistance at the 50-day moving average. Suddenly, the market went from looking like it wanted to slump into next week's rate cut from the Fed to looking like it wants to march happily into the Fed meeting. For more details see https://www.drduru.com/onetwentytwo/blog #stockmarket #swingtradebot #technicalanalysis #hammercandlesticks #sp500 #nasdaq #compq #NVDA #forex $AUDJPY #Australiandollar #Japaneseyen

BE THE BETTER TRADER #Trading #TradingForBeginners #TradingPodcast #TradingTips #TradingSHorts
2 months ago by Akil Stokes (Trading Coach at Tier On... @ Trading Coach Podcast

What if I told you that I was a better trader than my friend who was a better trader than me, because being better at being disciplined was more profitable than being better at developing strategies? You better listen now! 🤣

Thursday: Unemployment Claims, PPI, Q2 Flow of Funds
2 months ago by Calculated Risk @ Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 225 thousand initial claims, down from 227 thousand last week.<...

Stock Market Update: Classic Hump Day After Mixed CPI
2 months ago by Michele Schneider @ See It Market

Looking at the daily S&P 500 chart, we can see we are sitting on the hump this fine Wednesday. By the hump I mean that given the negative sentiment to start the day, SPY rallied and closed just above the 50-day moving average and with a possible return to a bullish phase. Now that is […] The post Stock Market Update: Classic Hump Day After Mixed CPI appeared first on See It Market.

Powerful Rally Pulls Indices Back From Brink
2 months ago by noreply@blogger.com (Declan Fallon) @ Fallond Picks

Today's economic data generated a sizable gap down across indices which carried into the open and for the morning session. At this point, bears had all the momentum until buyers made their appearance and kept buying pressure right into the close. The net result was to leave large bullish candlesticks that offer bulls something to work with for the rest of the week. Starting with the Russell 2000 ($IWM). The bullish 'hammer' occurred at $207.50 support, although the low didn't quite tag the 200-day MA. Technicals are net bearish and the index expanded in its relative underperformance to the Nasdaq and S&P, so we may need to see a retest of today's lows before the challenge of prior highs can commence. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYpwM2k5i0j1wLKb5qcu1yC50t9B69qLV-7ixeIo6wzW7NFzD1HrsTdO1MKRIbf7wXK7pDwO2XS7ehi1yyvrOJSl1AJH3RnA07XSS-2zVNBnQzcHvPUyeIgy7HNQs-ly6a5neM3eAI9GfvEEVqgDi...

Pinpoint Strong Sectors BEFORE The Masses Notice
2 months ago by StockCharts TV @ StockCharts.com YouTube Channel

Joe Rabil of Rabil Stock Research discusses why he is a bottom-up technical analyst. He explains the difference between top down and bottom up analysis and shows the strongest sectors rotating to the upside right now. This approach will help give advance notice of which areas to focus on before it becomes obvious to the masses. He also discusses market volatility and why it is concerning. Finally, he goes through the symbol requests that came through Send your symbol requests to stocktalk@stockcharts.com 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at https://stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: https://tinyurl.com/wvet7qj 00:00 - Joe Says Hello 00:41 - Sectors To Focus On: Technology (XLK), Comm. Services (XLC), Consumer Staples (XLP) 06:04 - Health Care Sector(XLV), Real Estate...

Are Bank Stocks Sending A Warning To Investors?
2 months ago by Chris Kimble @ See It Market

Our economy and financial markets rely on a well-functioning banking industry. And just as we saw with the Financial Crisis in 2008, things can go south fast when bank stocks and the banking industry begin to under-perform as the economy slows. Today, we share a “monthly” chart of the Bank Index (BKX) to highlight a […] The post Are Bank Stocks Sending A Warning To Investors? appeared first on See It Market.

Cleveland Fed: Median CPI increased 0.3% and Trimmed-mean CPI increased 0.2% in August
2 months ago by Calculated Risk @ Calculated Risk

The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% in August. The 16% trimmed-mean Consumer Price Index increased 0.2%. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report". <img alt="Inflation Measures" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVv...

Stock Splits Continue 2024 Comeback
2 months ago by Mike Zaccardi @ See It Market

The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon. Stock splits are gaining in popularity in 2024 as some companies try to make their stocks look more appealing to retail investors. With the rise of retail investors out of the COVID-19 pandemic came the need to be more […] The post Stock Splits Continue 2024 Comeback appeared first on See It Market.

Personal finance links: playing stupid games
2 months ago by abnormalreturns @ Abnormal Returns

Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at common...

Treasury Bonds ETF (TLT): Bullish Elliott wave Opportunity on All Time Frames
2 months ago by T. Pizzuti and K. Hulse @ See It Market

The current environment for treasury bonds remains favorable for upward trades in the near term, with the biggest consideration being the time frame that an individual trader is working in. We expect to see upward moves lasting a few days and others lasting several weeks. The great thing about Elliott wave technical analysis is that […] The post Treasury Bonds ETF (TLT): Bullish Elliott wave Opportunity on All Time Frames appeared first on See It Market.

BLS: CPI Increased 0.2% in August; Core CPI increased 0.3%
2 months ago by Calculated Risk @ Calculated Risk

From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.5 percent before seasonal adjustment. The index for shelter rose 0.5 percent in August and was the main factor in the all items increase. The food index increased 0.1 percent in August, after rising 0.2 percent in July. The index for food away from home rose 0.3 percent over the month, while the index for food at home was unchanged. The energy index fell 0.8 percent over the month, after being unchanged the preceding month. The index for all items less food and energy rose 0.3 percent in August, after rising 0.2 percent the preceding month. Indexes which increased in August include shelter, airline far...