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Support In The Nasdaq May Be Breaking

Support In The Nasdaq May Be Breaking

Image Source: Pixabay Support in the Nasdaq 100 appears to be breaking on options expiration as bearish flows take over.Video Length: 00:13:49More By This Author:Stocks Drop As Hot Inflation Report Shocks Rates And Dollar Higher The Stock Market Rally Could Be In Trouble Inflation Is At Risk Of Roaring Back To Life
Triple Witch And SMCI Converge Today

Triple Witch And SMCI Converge Today

Image Source: Pexels Today is a crucial expiration, particularly for holders of SMCI and its options. Spoiler alert – don’t turn off your screen for the weekend when the market closes.Did anyone remember (or care) that today is a triple-witching Friday? Sure, they’ve been overshadowed by weekly and now daily expirations, but it is important to […]
Zillow Stock Price Forecast: The Plot Thickens

Zillow Stock Price Forecast: The Plot Thickens

Image Source: Unsplash Zillow’s (Nasdaq: Z) stock price has come under intense pressure. It plunged by more than 10% on Friday, reaching a low of $49.12, its lowest level since December 13th. It has slipped by 20% from its YTD high, meaning it is now in a bear market. Zillow woes continue Zillow is one of […]
Gold Miners’ Q4’23 Fundamentals

Gold Miners’ Q4’23 Fundamentals

  ↵Image Source: Pixabay The major gold miners are finishing reporting their latest quarterly results, which proved mixed. Their collective production generally declined, forcing mining costs modestly higher. Yet outliers were mostly responsible. Unit profitability still surged dramatically due to near-record prevailing gold prices, but huge impairment charges gutted accounting earnings. Traders need to handpick outperformers to […]
Q4 Financials Of Cannabis MSO, TerrAscend, Were Terrible

Q4 Financials Of Cannabis MSO, TerrAscend, Were Terrible

Image sourceTerrAscend (TSNDF) reported its financial results for the fourth quarter ended December 31, 2023, on Thursday. All financial information is provided in U.S. dollars unless otherwise indicated and compared with the previous quarter. Q4 Financial Highlights Net Revenue: DOWN 2.9% to $86.6M Gross Profit: DOWN 12.6% to $41.8M Gross Profit Margin: DOWN to 48.2% […]
Sticky Inflation Means Higher For Longer And The Magnificent 7 Are Out Of Gas

Sticky Inflation Means Higher For Longer And The Magnificent 7 Are Out Of Gas

Stocks rallied hard on Tuesday in the wake of the February CPI – but it didn’t make any sense. The CPI came in slightly hotter than expected and this sticky inflation has taken a May rate cut off the table. In fact – as you can see in the chart above by Jim Bianco – the probability of […]
China’s Weak Credit Growth At Start Of Year Signals More Room For Policy Support

China’s Weak Credit Growth At Start Of Year Signals More Room For Policy Support

Image Source: Unsplash Credit indicators showed weak activity in the first two months of the year The People’s Bank of China published credit indicators for February after the Friday market close. Unlike the usual monthly release, the PBoC released data in a year-to-date form, likely to avoid the distortion from seasonality. For the first two months […]
Shorting The Broad Stock Market Is Probably Not The Best Way To Go

Shorting The Broad Stock Market Is Probably Not The Best Way To Go

The US stock market has been undergoing internal rotations lately. We anticipated potential rotations to the more cyclical areas like Energy and Materials, as opposed to the Tech/Growth areas that Goldilocks has favored for most of the last year (also as anticipated, a year ago).As for Energy and Materials, per the NFTRH Trade Log the Energy sector (XLE) […]
FTSE Limping Into The Close, Reckitt Investors Riled As Lawsuit Weighs

FTSE Limping Into The Close, Reckitt Investors Riled As Lawsuit Weighs

Image Source: Pexels On Friday, the UK’s FTSE 100 remained relatively stable as investors monitored the global negative sentiment, with persistent U.S. inflation dampening hopes for interest rate reductions. Meanwhile, Vodafone saw an increase in its shares after selling its Italian division. The FTSE 100, which is heavily reliant on exports, maintained its position around the […]
More Inflation Data Pressures Stocks Even Lower

More Inflation Data Pressures Stocks Even Lower

Inflation concerns are weighing on high-flying tech stocks this “Triple Witching” Friday, sending the Nasdaq Composite (IXIC) down more than 123 points to snag a weekly loss. The S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) sport more modest midday losses, but the latter is on track to turn in gains on the week. Ulta […]