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We might have to wait until June.



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Looks like a lot of open air to the next support level on that weekly chart. But stocks don't usually go straight down so there could be some trading opportunities.

Sounds like a buy signal. :D

Another Monday morning gap up. Last week's didn't hold up so well. Here we go...

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Some key earnings this week:

Tuesday - Tesla, UPS,...

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Last night when the Israel / Iran news was coming out, the S&P 500 futures were down 52-points (last I checked last night). The S&P opened flat so something eased the situation. But now the market...

DICKEY BETTSALLMAN BROTHERS BAND GUITARISTDEAD AT 80

Dickey Betts, Guitarist of The Allman Brothers Band, Dead at 8060677

Good question!

Over the last year there have been 5+ day losing streaks, but no weeks where all 5 days were down in the S&P 500, so it spanned 2 weeks - Tuesday to Tuesday (for example).

In the...

March homes sales dropped despite a surge in supply. Here’s why.



More: March homes sales dropped despite a surge in supply. Here'''s why.

It looks like it will be another choppy session as the opening rally failed, turned into losses, then pushed back to positive. In the short-term, things may be getting oversold. The question is,...

I think it's the 86-day. :shhh:

:D

After a positive open, stocks have flattened out this morning despite yields and the dollar dipping. The pullback environment continues but it is getting closer to a point where it could move from a...

First-Quarter GDP Growth Estimate Increased

On April 16, the GDPNow model estimate for real GDP growth in the first quarter of 2024 is 2.9 percent, up from 2.8 percent on April 15.

GDPNow -...

Small caps can't make up their minds this year.

The bleeding continues on Tuesday morning as the market consumes bank earnings. The S&P (C) is near flat but no bounce off the recent lows yet as yields and the dollar move higher again today.
...

Bank of America tops estimates on better-than-expected interest income, investment banking



Bank of America (BAC) earnings Q1 2024

First-Quarter GDP Growth Estimate Increased

On April 15, the GDPNow model estimate for real GDP growth in the first quarter of 2024 is 2.8 percent, up from 2.4 percent on April 10.

GDPNow -...

A definite shift in volatility...

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Stocks opened sharply higher this morning but have since given back some of those gains as yields are rising and the dollar is up again.

Israel fended off an attack by Iran and the market was...

Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead



Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead

The back and forth continues as the market dishes out alternating frustration for both the bulls and the bears. This morning stocks are down following Thursday's big rally. We have charts looking...

The Fed - October 31-November 1, 2023 FOMC Meeting

A softer than expected PPI Report this morning took the overnight futures off some fairly low levels and into the green, but as the morning unfolded we are seeing more selling and a test of...