Category: Big Picture

Adage in the Financial Markets: Buy the Rumor, Sell the News

Posted on June 28th, 2024

Buy the rumor, selling the news is a concept used more often by traders of both stock and options than investors. This strategy is where a trader buys a security based on speculation that it may trade higher due to an upcoming news announcement or data, and then sells the security once the news is […]

Assessing through Technical Analysis My View of the Financial Markets

Posted on June 21st, 2024

My research in assessing a directional bias for the markets overall starts with a look at the charts on what I call my ‘Corners’ of the market. I look at the following 5 corners or area of the market. Once I go through these charts I assess whether I am bullish, bearish, or neutral on […]

NVDA News Can’t Compete with the Fed

Posted on May 24th, 2024

The weekly winning streak of 5 weeks for the S&P 500 is at risk of being broke. Going in to the last hour of trade today the S&P 500 needs to close above where it closed last Friday at 5,303.27. From the way things were looking Thursday with the Dow down over 600-points, some may […]

Lower than Expected Jobs Report May 03, 2024, Fuels the Markets Higher

Posted on May 3rd, 2024

Two things that propelled the markets higher today (as of the time of this writing), are Apple Inc.’s (NASDASQ: AAPL) earnings beat and stock buyback announcement Thursday and the Jobs Report that came out this morning. Job’s Report The nonfarm payrolls report showed 175,000 jobs were gained in April. This is a number much lower […]

Earnings and How Things are Going Thus Far 2024

Posted on April 26th, 2024

At this point earnings season for the first quarter is about halfway through. Based on expectations earnings are coming in better than expected overall. Latest info from FactSet reports , 46% of the companies in the S&P 500 have reported for Q1 2024 to date. 77% of these companies have reported actual EPS above estimates, […]

Is This a Double Top or are New All-Time Highs for the S&P Going to Happen Again?

Posted on February 16th, 2024

As of now, this one day later which is Friday 2024-02-16 shows SPX closing at 5,005.57 as of the time of this writing which is just after the closing bell for Friday. Right now, ahead of the three-day weekend SPX is trading at resistance making for a double top for now. It might have traded […]

Magnificent 7 Stocks Earnings Beats Fuel Markets

Posted on February 2nd, 2024

What comes to mind when you hear the term Big Tech or Major Tech Companies? Nowadays it is a group of stocks called the Magnificent 7 or Mag-7. The S&P 500 is trading at or near all-time highs, even after recent comments from Fed Chair Powell saying he is uncertain if the Fed will perform […]

SPY at All-Time Highs and Trading Styles to Consider

Posted on January 19th, 2024

We are truly just starting out the trading year, beings we’ve only had 14 trading days thus far, but so far the bullishness that some could say started back in October of 2023, could still be intact. Last week we had economic reports, the CPI and PPI along with jobless claim numbers and the overall […]

Post the Inflation Reports: How do the Markets Look?

Posted on January 12th, 2024

Two key inflation reports came out this week,  The Consumer Price Index, CPI and the Producers Price Index, PPI. If you are wondering which is deemed the more important of the two or put it this way it can be viewed as the better leading index, because it takes in to account the pipeline prices […]

Jobs Data Came Out Today and the Markets Made Year-to-Date Highs

Posted on December 8th, 2023

We are in the final month of 2023 and the markets since October 27 have ramped to fresh highs. Granted the market had consolidated the first handful of trading days for December, but after the jobs data came out today the markets, which I use the tracking ETF for the S&P 500, the SPY, made […]