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Breadth Bombs

Breadth Bombs

A frequent point of discussion this year has been breadth, or more specifically, the massive impact of mega caps on the market-cap-weighted S&P 500’s year-to-date performance. We often use the 10-day advance-decline (A/D) line to measure how breadth is evolving in the near term; highlighting these readings for the S&P 500 and its eleven sectors […]
GM Scraps EV Target, Ford Scales Back Electric Trucks, Musk Warns Of Challenges

GM Scraps EV Target, Ford Scales Back Electric Trucks, Musk Warns Of Challenges

The Wall Street Journal reports GM Posts Strong Third-Quarter Profit, Scraps EV Target General Motors is abandoning a self-imposed target for the number of electric vehicles it aims to produce through the middle of next year because of softening consumer demand, a surprise move for a company that was an early mover in this space. The […]
The Energy Report: Damage Is Done

The Energy Report: Damage Is Done

Photo by Zbynek Burival on UnsplashOngoing hostage negotiations and the delay of Israel’s ground invasion did technical damage to the oil charts. On the one hand, the risk to supply is still there with the possibility of cracking down on Iran and its oil It’s but the imminent risk to oil supply has been put […]
Patient And Measured Approach

Patient And Measured Approach

POSSIBLE SUPPORT As shown on the S&P 500 anchored volume weighted average price (AVWAP) chart below, dated Monday, October 23, the S&P 500 has not yet violated the major band of possible support. The chart is described in more detail in last Friday’s video. The data below is included in our contingency plan. DEFICIT SPENDING […]
Dogecoin And Shiba Inu: Dogecoin Made A Jump Above 0.06900

Dogecoin And Shiba Inu: Dogecoin Made A Jump Above 0.06900

Dogecoin chart analysisThis morning, the Dogecoin price is making a new two-month high at the 0.06942 level. The previous time we were at that level was in August. After the formation of a new high, Dogecoin began to retreat and is now already at the 0.06600 level. Here, we might expect to see some price support and […]
S&P 500 Earnings Dashboard 23Q3 – Tuesday, Oct. 24

S&P 500 Earnings Dashboard 23Q3 – Tuesday, Oct. 24

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 1.7%. If the energy sector is excluded, the growth rate for the index is 6.4%. Of the 118 companies in the S&P 500 that have reported earnings to date for 23Q3, 81.4% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.1%. If the […]
Bill Ackman Exits His Short Position – Here Is Why

Bill Ackman Exits His Short Position – Here Is Why

Image Source: Pixabay In this video, Gareth Soloway reveals the power of charts and social media… Gareth explains why Bill Ackman exited his short positions and what you need to know going forward.Video Length: 00:02:42More By This Author:Crypto Is Moving A Reality That We All Must Be Aware Of: Why The S&P Down Side Potential Is […]
What Wall Street Experts Are Saying About Microsoft Ahead Of Earnings

What Wall Street Experts Are Saying About Microsoft Ahead Of Earnings

Image Source: Pixabay Microsoft (MSFT) is scheduled to report results of the first quarter of its fiscal year 2024 after the market close on Tuesday, October 24, with a conference call scheduled for 5:30 pm ET. What to watch for: CLOUD AND AI: In its fiscal fourth quarter, the company reported Microsoft Cloud quarterly revenue of $30.3B, up 21% […]
Options Market Expectations For Microsoft And Alphabet

Options Market Expectations For Microsoft And Alphabet

As we noted yesterday, this week is consequential for corporate earnings overall, and the “Magnificent Seven” specifically. There is a reasonable probability that this afternoon’s reports from two behemoths — Microsoft (MSFT) and Alphabet (GOOG, GOOGL) – could cause a significant broad market jump or drop if their stocks move sharply in the same direction.  As we […]
Watch These 5 Homebuilder Earnings Charts This Week

Watch These 5 Homebuilder Earnings Charts This Week

Image Source: Unsplash Earnings season really kicks into high gear this week with over 900 companies expected to report including several of the Magnificent 7 companies and dozens of other S&P 500 companies as well.Every sector will be represented but investors may want to tune into the homebuilders this week. The homebuilders have staged a massive […]