Nasdaq 100 weekly negative divergence.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
EPIC close.. some of the bank stocks (JPM) had 5% intraday range giving up all midday gains.. not bullish at all
BUT.. economy is on fire.. I don't see much downside with GDP growing +3%.. every dip will be bought unless some major trade war escalation occurs. Earnings season coming up and the same old names are going to kill it as always (FANG)..
short 30yr bond (ZB) might be a winner round here
BUT.. economy is on fire.. I don't see much downside with GDP growing +3%.. every dip will be bought unless some major trade war escalation occurs. Earnings season coming up and the same old names are going to kill it as always (FANG)..
short 30yr bond (ZB) might be a winner round here
Last edited:
In my 18 plus years of following the markets, I have never seen a US president try and micro manage the market like this one is. Gee you think crude will gap lower on the Sunday open. Its got to the point its so risky holding over the weekend. All i can advise to to setup a hedge late Friday.
As usual the stock index futures are rising at the open.....same thing over and over and over
Last week aside from Thurs pm (which we all know what happened later on Friday) each globex session was either down or sideways.
The Dow had been down over 200 at the open, buy has since recovered and is only down a fraction as we near the lunch hour.
Mentioned this quite often!!!!!
Companies buying back their own shares is the only thing keeping the stock market afloat right now
Companies buying back their own shares is the only thing keeping the stock market afloat right now
- Companies set a record for share buybacks in the second quarter while investors set their own record for selling stock-based funds in June.
- On the corporate side, officials are finding that repurchases are the best use for investor cash now, while individual investors are fearful that a trade war could offset strong economic momentum this year.
- All in all, the corporate buying has won out, keeping the S&P 500 slightly positive for the year.