SoundsgoodTFtalks

SoundsgoodTFtalks

From the SPX day chart and 5min chart, it is obvious that the interruption of the bull trend, now we are facing selling pressure from both bears and bulls. big techs were starting to sell from the last two hours on Friday, and the pre-mkt looks like we will have a lower open on Monday. Watch closely on SPX 4381, IF 4381 BREAKS, the market will retest the...

SoundsgoodTFtalks

After a strong closeout for the first half year, the Ndx closed for the best performance for the first half year in history. SPX also had a pretty strong closure point at 4458.48 where very close to the strong resistance area 4460-4495. From last week's prediction, the market was supposed to do a three waves pullback. However, it only finished the first...

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As I wrote weeks ago, the market successfully broke the bear market structure and officially entered into the bull market, but it did not represent we could buy and chase the current market, it only meant the 3500 (last Oct low) will no longer be a valid pullback point and we would not see it at least in the short term. Right now, I am looking for more...

SoundsgoodTFtalks

Last week, SPX successfully broke the bear structure and officially entered into the bull market structure. (Be aware, the bull market structure does not represent that investors can invest long position right now, it only represents the low from last Oct 3500 will no longer be the pullback target, and the downside risks will be limited.) At the Quadruple...

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We are running one step away from breaking out from the bear market structure. Are you guys ready? (I'm not :D). From the SPX, we broke the uptrend channel and speeded up, which normally indicated the market is trying to blow off the top or is trying to rush to the top. From the last Friday, SPX closed 4298.87, forming a "shooting star", we need to be much more...

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AAPL: After the product conference, aapl stock like always "buy the rumor, sell the news", even it broke the historical high. The stock price forming a stagflation type, short-term watch to the 172-179 range, falling below 172 to confirm weakness, and 179+ still keep in strong area. Don't short above it! SPX: The top is close to breaking the bear market...

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Index level performance was mixed yesterday, yet action under the surface skewed more positive. Still, there was not a lot of conviction on either side of the tape. Uncertainty about the debt ceiling remains front of mind for market participants. Over the weekend, Treasury Secretary Janet Yellen reiterated in an interview that early June is a "hard deadline" for...

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The stock market exhibited some softness right out of the gate, but quickly found upside momentum. Gains built up throughout the session, aided by some short-covering activity. The major indices all closed near their best levels of the day, which had the S&P 500 back above the 4,150 level. Gains were driven by some positive responses to earnings and other...

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Stocks slumped Friday after U.S. data showed a decline in consumer sentiment combined with expectations for higher inflation. The University of Michigan's index of consumer sentiment in May sank to a six-month low while its five-year outlook for inflation spiked to its highest reading in more than a decade. Market participants also were keeping a close eye on...

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Initially, market participants reacted favorably to the April Consumer Price Index (CPI), but a closer look fostered uncertainty about the Fed's policy path. Total CPI was up 4.9% year-over-year in April, down from 5.0% in March, which marks the sub-5.0% reading in two-years. Core-CPI, which excludes food and energy, was up 5.5% year-over-year in April, down from...

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The April CPI report due out on May 10 is the headliner event of the week with economists forecasting a 0.3% month-over-month increase in inflation for the month and 5.5% year-over-year gain. Following up the CPI print, the latest update on producer prices will be released on May 11 to also give inflation watchers another talking point. Chart: SPY daily and 30...

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Chart: FRC weekly and daily First Republic Bank ( NYSE:FRC ) stock dropped 30% more, plumbing new lows, in Wednesday regular trading as the bank seeks to convince other banks to buy $50B-$100B of its long-dated and mortgage securities in an effort to shore up its balance sheet. The stock was halted numerous times during the session. CNBC reported that First...

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The earnings calendar is loaded this week, with heavyweights reporting in every sector. All told, about 35% of the companies in the S&P 500 Index will spill numbers this coming week. While the earnings season is off to a relatively solid start, concerns over the impact of inflation, high interest rates, and a potential U.S. recession are still very much in the...

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Chart: SPY weekly and daily Stocks finished little changed Friday and on the week, as investors weighed the start of quarterly earnings reports and conflicting economic data to assess whether an economic slowdown is coming. The S&P 500 has been generally stable during the early stages of first-quarter earnings season that investors expect will show tepid...

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Chart: QQQ daily and 4 hrs Chart: SPY daily and 4 hrs The stock market had a mostly negative disposition yesterday, digesting a slate of weak economic data and disappointing earnings results from Tesla. Bank stocks were also a big drag on the broader market yesterday following several earnings misses from regional banks. As mentioned yesterday, if the...

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Chart: SPY daily and 15 mins Following a slate of earnings news since Tuesday's close, the stock market had a lackluster showing today. Major indices were confined to narrow trading ranges, registering only modest gains or losses throughout the session. The sideways price action was a reflection of a wait-and-see mindset ahead of earnings reports from most...

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Earnings season picks up serious steam in the final full week of April, with a host of bank earnings following Friday's opening salvo of positive prints from JPMorgan (JPM), Wells Fargo (WFC), and Citi (C). On the economic front, housing data will be the focal point a week after inflation and retail sales take center stage. The median asking rent in the U.S. fell...

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Today, we will have retail sales MOM data released. Retail sales is an important indicator that signals either the contraction or expansion of an economy. An increase in retail sales signals a healthy economy that is expanding, while a decrease in retail sales signals the opposite. An increase in retail sales usually moves stocks upward and is good for...