#NASDAQ 100 INDEX

[reportwire]

Why the housing market is in increasingly big trouble

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Diana Olick on why the housing market is in deep trouble. With CNBC’s Sara Eisen and the Fast Money traders, Tim Seymour, Courtney Garcia, Jeff Mills and Steve Grasso Source link

[usaitbari]

Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market 'surprises'

Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ‘surprises’

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for financial markets, Standard Chartered outlined a number of potential surprises for 2023 that it says are being “underpriced” by the market. Eric Robertson, the bank’s head of research and chief strategist, said outsized market moves are…

[sarhadkasakshi]

Stock futures little changed after Dow closes at a fresh record: Live updates

Small caps to grow at a multiple of the ‘Magnificent Seven,’ says Richard Bernstein Small caps are poised to see massive gains over the next few months, according to Richard Bernstein of Richard Bernstein Advisors. “The reason, I think, that we’re such big bulls on mid-caps and small caps is that that’s where the earnings growth is forecasted to be,” the firm’s CEO and chief investment officer…

[notayesmanseconomics]

Why are equity markets seeing so many new highs in 2024?

One of the economic surprises of 2024 so far has been the performance of equity markets. In terms of economic theory there was a case for them rallying in response to the expected interest-rate cuts. Yet instead of a couple  of cuts from the Federal Reserve with more to come we have not only drawn a blank on that front but also are much less sure about future ones. Indeed I looked earlier this…

[neyatimes]

Stock market today: Live updates

Traders on the floor of the NYSE June 29, 2023. Source: NYSE Stock futures were near flat Thursday night after the Dow Jones Industrial Average wrapped up a ninth day of wins. Futures tied to the Dow added 16 points, trading close to the flat line. S&P 500 futures were little changed, and Nasdaq 100 futures ticked down 0.1%. Transportation stocks CSX and Knight-Swift fell 4% and 3%,…

[cartaodecredito]

(via Como Utilizar o Fluxo de Ordens no E-Mini Trading?) - Como Utilizar o Fluxo de Ordens no E-Mini Trading? Você encontra vários artigos referenciando programas de uxo de ordens (OFP) e como eles podem ser úteis para entender quando iniciar uma negociação. Pesquise mais sobre isso aqui no Blog... SABER MAIS!

[dragonflycap]

What to expect from the stock market this week

Last week, the review of the macro market indicators saw with the 2nd Quarter of 2024 in the books and heading into the holiday shortened week, equity markets showed resilience with a rebound from a pullback and large caps and tech names holding at the highs. Elsewhere looked for Gold ($GLD) to continue in consolidation after the record move higher while Crude Oil ($USO) consolidated in a broad range. The US Dollar Index ($DXY) continued the short term move to the upside while US Treasuries ($TLT) continued in their secular downtrend. The Shanghai Composite ($ASHR) looked to continue the downtrend while Emerging Markets ($EEM) consolidated under long term resistance.

The Volatility Index ($VXX) looked to remain very low and stable making the path easier for equity markets to the upside. Their charts looked strong, especially on the longer timeframe. On the shorter timeframe both the $QQQ and $SPY were showing signs of a possible reset on momentum measures as both were extended. The $IWM continued to lag in a long term channel.

The week played out with Gold pushing up out of the descending triangle while Crude Oil moved up out of consolidation. The US Dollar met resistance and pulled back while Treasuries found short term trend support and bounced. The Shanghai Composite had a weak bounce and fell back while Emerging Markets moved up towards the May high.

Volatility held near the lows of the year. This created a positive environment for equities and by Tuesday they started rising. This resulted in the SPY and QQQ printing 3 more all-time high closes to end the week. The IWM continued to move to its own drumbeat though and fell back Friday, all within the long consolidation range. What does this mean for the coming week? Let’s look at some charts.

SPY Daily, $SPY

The SPY came into the week in a digestive consolidation after making the top in mid-June. It continued Monday getting tighter to the 20 day SMA on the daily chart. Tuesday it moved higher, printing a new all-time high, and followed that up with new highs Wednesday and Friday. The Bollinger Bands® are opening higher now with the RSI strong and bullish and the MACD crossing back higher and positive.

The weekly chart shows the break higher from the short consolidation. The RSI is strong and bullish with the MACD positive and rising. The target from the Cup and Handle at 560 is above with the 161.8% extension of the retracement of the 2022 drop at 562 and the 200% extension at 613 above that. Support lower sits at 549.50 and 545.75 then 542 and 537 before 533 and 530. Uptrend.

SPY Weekly, $SPY

With the first week of July in the books, equity markets showed strength from the large cap and tech focused S&P 500 and Nasdaq 100, but continued churn from the small caps. Elsewhere look for Gold to continue its consolidation in the uptrend while Crude Oil consolidates in a tightening range. The US Dollar Index continues to drift to the downside in consolidation while US Treasuries move lower in their downtrend. The Shanghai Composite looks to continue the short term move lower while Emerging Markets remain in broad consolidation.

The Volatility Index looks to remain very low and stable making the path easier for equity markets to the upside. The charts of the SPY and QQQ look strong, especially on the longer timeframe. On the shorter timeframe both the QQQ and SPY have reset momentum measures and both are also looking strong upon reversing. The IWM continues to be dead money, going on 30 months now. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview July 5, 2024

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[dreaminginthedeepsouth]

LETTERS FROM AN AMERICAN

December 30, 2023

HEATHER COX RICHARDSON

DEC 31, 2023

One day short of his first 100 days in the White House, on April 28, 2021, President Joe Biden spoke to a joint session of Congress, where he outlined an ambitious vision for the nation. In a time of rising autocrats who believed democracy was failing, he asked, could the United States demonstrate that democracy is still vital?

“Can our democracy deliver on its promise that all of us, created equal in the image of God, have a chance to lead lives of dignity, respect, and possibility? Can our democracy deliver…to the most pressing needs of our people? Can our democracy overcome the lies, anger, hate, and fears that have pulled us apart?”

America’s adversaries were betting that the U.S. was so full of anger and division that it could not. “But they are wrong,” Biden said. “You know it; I know it. But we have to prove them wrong.”

“We have to prove democracy still works—that our government still works and we can deliver for our people.”

In that speech, Biden outlined a plan to begin investing in the nation again as well as to rebuild the country’s neglected infrastructure. “Throughout our history,” he noted, “public investment and infrastructure has literally transformed America—our attitudes, as well as our opportunities.” 

In the first two years of his administration, when Democrats controlled both chambers of Congress, lawmakers set out to do what Biden asked. They passed the $1.9 trillion American Rescue Plan to help restart the nation’s economy after the pandemic-induced crash; the $1.2 trillion Infrastructure Investment and Jobs Act (better known as the Bipartisan Infrastructure Law) to repair roads, bridges, and waterlines, extend broadband, and build infrastructure for electric vehicles; the roughly $280 billion CHIPS and Science Act to promote scientific research and manufacturing of semiconductors; and the Inflation Reduction Act, which sought to curb inflation by lowering prescription drug prices, promoting domestic renewable energy production, and investing in measures to combat climate change.

This was a dramatic shift from the previous 40 years of U.S. policy, when lawmakers maintained that slashing the government would stimulate economic growth, and pundits widely predicted that the Democrats’ policies would create a recession. 

But in 2023, with the results of the investment in the United States falling into place, it is clear that those policies justified Biden’s faith in them. The U.S. economy is stronger than that of any other country in the Group of Seven (G7)—a political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, along with the European Union—with higher growth and faster drops in inflation than any other G7 country over the past three years. 

Heather Long of the Washington Post said yesterday there was only one word for the U.S. economy in 2023, and that word is “miracle.” 

Rather than cooling over the course of the year, growth accelerated to an astonishing 4.9% annualized rate in the third quarter of the year while inflation cooled from 6.4% to 3.1% and the economy added more than 2.5 million jobs. The S&P 500, which is a stock market index of 500 of the largest companies listed on U.S. stock exchanges, ended this year up 24%. The Nasdaq composite index, which focuses on technology stocks, gained more than 40%. Noah Berlatsky, writing for Public Notice yesterday, pointed out that new businesses are starting up at a near-record pace, and that holiday sales this year were up 3.1%. 

Unemployment has remained below 4% for 22 months in a row for the first time since the late 1960s. That low unemployment has enabled labor to make significant gains, with unionized workers in the automobile industry, UPS, Hollywood, railroads, and service industries winning higher wages and other benefits. Real wages have risen faster than inflation, especially for those at the bottom of the economy, whose wages have risen by 4.5% after inflation between 2020 and 2023. 

Meanwhile, perhaps as a reflection of better economic conditions in the wake of the pandemic, the nation has had a record drop in homicides and other categories of violent crime. The only crime that has risen in 2023 is vehicle theft.  

While Biden has focused on making the economy deliver for ordinary Americans, Vice President Kamala Harris has emphasized protecting the right of all Americans to be treated equally before the law. 

In April 2023, when the Republican-dominated Tennessee legislature expelled two young Black legislators, Justin Jones and Justin J. Pearson, for participating in a call for gun safety legislation after a mass shooting at a school in Nashville, Harris traveled to Nashville’s historically Black Fisk University to support them and their cause. 

In the wake of the 2022 Dobbs v. Jackson Women’s Health Supreme Court decision overturning the 1973 Roe v. Wade decision that recognized the constitutional right to abortion, Harris became the administration’s most vocal advocate for abortion rights. “How dare they?” she demanded. “How dare they tell a woman what she can and cannot do with her own body?... How dare they try to stop her from determining her own future? How dare they try to deny women their rights and their freedoms?” She brought together civil rights leaders and reproductive rights advocates to work together to defend Americans’ civil and human rights. 

In fall 2023, Harris traveled around the nation’s colleges to urge students to unite behind issues that disproportionately affect younger Americans: “reproductive freedom, common sense gun safety laws, climate action, voting rights, LGBTQ+ equality, and teaching America’s full history.” 

“Opening doors of opportunity, guaranteeing some more fairness and justice—that’s the essence of America,” Biden said when he spoke to Congress in April 2021. “That’s democracy in action.”

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

[trader-sg112]

Market Update: Key Indices and Stocks Show Mixed Movements Amidst Economic Projections

Index Futures Overview

As the trading day commenced, the major U.S. stock index futures exhibited modest fluctuations. Dow Jones Futures traded largely unchanged, indicating a neutral market sentiment. Meanwhile, S&P 500 Futures edged up by 2 points, representing a 0.1% increase. The Nasdaq 100 Futures also climbed by 20 points, or 0.1%, reflecting slight optimism in the tech sector.

Economic Projections: Job Market Insights

Economists are keeping a close watch on the U.S. labor market data, anticipating the addition of 189,000 jobs in June. This follows a stronger-than-expected increase of 272,000 jobs in May. The employment figures are crucial as they provide insights into the health of the economy and can influence Federal Reserve policy decisions. A robust job market typically signals economic strength, while any shortfall could raise concerns about a potential slowdown.

Stock Movements: Highlights and Lowlights

Tesla (NASDAQ: TSLA): Tesla's stock saw a premarket boost of nearly 2%, continuing its trend of strong performance. This increase may be attributed to positive investor sentiment surrounding the company's ongoing innovations and expansion plans in the electric vehicle market.

Macy’s (NYSE: M): Macy’s stock surged by 4% premarket. This rise could be due to positive retail sector performance or specific company news that has bolstered investor confidence. Macy’s, as a major player in the retail industry, often reflects broader consumer spending trends.

Coinbase Global (NASDAQ: COIN): In contrast, Coinbase Global experienced a significant drop, with its stock falling 6.5% premarket. The decline in Coinbase's stock price may be linked to recent regulatory scrutiny or market volatility impacting the cryptocurrency sector.

Commodity Market Movements

Crude Oil: U.S. crude futures (WTI) rose slightly by 0.1% to $83.98 a barrel, suggesting steady demand despite global economic uncertainties. Conversely, the Brent crude contract saw a marginal decline, trading at $87.40 a barrel. These movements indicate mixed market sentiments influenced by factors such as supply concerns and geopolitical developments.

Cryptocurrency Update

Bitcoin: The world's leading digital currency, Bitcoin, faced a downturn, falling to its lowest level since February. This decline reflects broader market trends affecting cryptocurrencies, including regulatory pressures and changes in investor sentiment.

Conclusion

Today's market snapshot presents a mixed picture with minor gains in major indices and varied performances among prominent stocks. Economic projections, particularly job market data, will play a crucial role in shaping market movements in the near term. Investors are advised to stay informed about ongoing economic indicators and company-specific developments to navigate the dynamic market landscape effectively.

This article provides a comprehensive overview of the current market trends, highlighting key indices, stocks, and economic projections. It offers valuable insights for investors and market watchers looking to understand the factors driving today's financial landscape.

[jeffhirsch]

Small-Caps Have Historically Flourished Ahead of Christmas

Click here to view table full size…

For decades we have been tracking the market’s performance around holidays in the annual Stock Trader’s Almanac. In the 57th edition for 2024, data for DJIA, S&P 500, NASDAQ and Russell 2000 can be found on page 100. Of the eight holidays tracked, Christmas has been one of the most consistently bullish with respectable average gains occurring from 3 days before to the day before. Since 1988, the second day before Christmas, December 21 this year, has been most bullish over the past 35 years with greatest average gains and the highest frequency of advances. Small caps measured by Russell 2000 have enjoyed the most consistent strength on all three days. Volatility also tends to be subdued ahead of Christmas with significant declines occurring only in 2018, 2008, 2001 and 2000. 2018 was the only year to see declines on all three days by all four indexes.

[ennovance]

#Fed : “The tech-heavy Nasdaq 100 Index, which has climbed 12% this year on dialed back fears of an overly aggressive Fed, is coming off its first weekly loss in 2023 after a chorus of central bankers warned of restrictive policy for longer last week. ”

https://www.bloomberg.com/news/articles/2023-02-12/it-s-too-soon-for-stock-investors-to-call-victory-on-inflation

[allthebrazilianpolitics]

Brazilian markets soar on signs of slower inflation

Brazilian stocks jolted higher on Tuesday after fresh data showed a moderation in inflation, bolstering investors’ expectations that the Central Bank may soon cut the country’s benchmark interest rate — currently set at 13.75 percent.

Ibovespa, the country’s main stock index, soared 4.2 percent at 3:20 pm (Brazilian time) — on pace to posting its best one-day performance since October of last year. The Brazilian market on Tuesday vastly outperformed indicators such as the S&P 500 or Nasdaq. 

Brazil’s consumer price index, the IPCA, on Tuesday showed that prices rose slower in March than economists had forecast, providing a tailwind for financial markets that had been bruised earlier this year. Up until Monday, the Ibovespa index had plummeted by 7.9 percent. This was its second-worst performance for the first 100 days of a new presidency since Fernando Henrique Cardoso started his first term in 1995. 

“Inflation below market consensus allows the Brazilian Central Bank to start easing its monetary policy and boost riskier investments, especially stocks,” says Phil Soares, chief analyst at brokerage firm Órama.

Continue reading.

[inkovsky]

Hong Kong stocks maintained their upward trend throughout the first day of November. The Hang Seng Index opened 110 points higher at 20,427 points, and later rose 349 points to 20,667 points. It closed up 189 points, or 0.93%, at 20,506 points throughout the day. The Technology Index fell 15 points, or 0.33%, to 4,483 points. Main board transaction volume was HK$141.4 billion.

The Hong Kong stock market ended in decline in October. The Hang Seng Index adjusted the 0.5 times golden ratio of the previous rise and found support when it fell to the rising gap on September 27 (19,954 to 20,268), which did not destroy the mid-term rise. The decline has slowed in the past two weeks, but there is no signal that the correction is complete. Due to the narrowing of volatility, large opportunities are consolidating sideways, fluctuating between 19,700 and 21,700 in the short term, waiting for a breakthrough.

The trend of Hong Kong stocks in November will depend on three key factors: the outcome of the U.S. Federal Reserve’s interest rate meeting, the U.S. presidential election and important mainland meetings. Although the two candidates are expected to have a greater chance of adopting tough policies towards China, the actual implementation is still unknown and it will take time to wait and see. As for the mainland meeting, the focus is on whether the issuance of special treasury bonds will be announced at the meeting, as well as the size and life of the treasury bonds.

European stock markets stabilized at the close, with British, French and German stocks rising 0.83%, 0.8% and 0.93% respectively.

The United States released the last employment report before next week's presidential election on Friday (1st). Non-agricultural jobs showed almost no growth in October, with only 12,000 new jobs added. The market's expectations for an interest rate cut by the Federal Reserve increased, driving US stocks to rebound sharply on Friday. After the Dow opened 106 points higher, the gain expanded to a maximum of 562 points, reaching a high of 42,326 points. The S&P 100 once rose by 1.18%, and the Nasdaq rose by a maximum of 1.49%. Subsequently, the gains narrowed.

At the close of U.S. stocks, the Dow Jones Industrial Average rose 288 points, or 0.69%, to 42,052 points; the S&P Index rose 23 points, or 0.41%, to 5,728 points; and the Nasdaq Composite rose 144 points, or 0.8%, to 18,239 points. Last week, the Dow fell 0.2%, the S&P 500 fell 1.4%, and the Nasdaq fell 1.5%.

The U.S. dollar index once fell 0.29% to 103.679, then turned around and rose 0.35% to 104.34; the euro fell 0.47% to $1.0834; the yen fell 0.65% to 153.02 per dollar.

[neyatimes]

Stock market today: Live updates

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 19, 2023. Brendan McDermid | Reuters Nasdaq 100 futures slipped Wednesday evening after Netflix posted its latest quarterly results. Nasdaq 100 futures dipped 0.41%. S&P 500 futures slipped 0.14%, while Dow futures hovered near the flat line. Shares of Netflix dropped 8% in after-hours action after the…

[marcedrickirby]

US Tech 100 (USTECH) is at $20,345.9 (-0.04%)

US Tech 100 (USTECH) is at $20,345.9 (-0.04%)

MARCEDRIC KIRBY FOUNDER CEO.

MARCEDRIC.KIRBY INC.

WELCOME TO THE VALLEY OF THE VAMPIRES