Algos Are Hitting 3 Blue-Chip Sectors Hard, and Is the Market Ready to Sizzle or Fizzle?
Is the market ready to sizzle or fizzle? We’ll cover that and more in this morning’s Premarket Must-Watch video… There’s no major earnings on the agenda, but the algos have been on an absolute tear in tech stocks. But finally, they’re starting to move into blue-chip...
Is a Tech Meltdown Coming Our Way? Plus, My Top ETF and Option to Save the Day
The Federal Reserve has spoken, and the Nasdaq is down over 100 points premarket Thursday — that’s not random! We had Kroger earnings this morning before the open, and Adobe after the close. We also have jobless claims, which came in basically unchanged at 262,000 —...
It’s a Huge Day for the Market With the Fed, PPI on Deck. Plus, My Hot Stock Picks
It’s going to be an interesting day in the market… We have the latest Federal Open Market Committee interest rate decision coming at 2 p.m. ET, followed by comments from Fed Chair Jerome Powell at 2:30 p.m. We also just got the Producer Price Index inflation report,...
Warning: A Possible Volatility Spike, Bond Rally and a MAJOR Tech Downgrade
The Consumer Price Index data released this morning showed inflation rose at the slowest annual rate in two years for the month of May, sending futures higher. The CPI rose just 0.1% for the month, bringing the year-over-year number down ro 4%. The number was 0.4%...
Apple Making All-Time Highs, PLUS the Biggest Threats to Stocks This Week
The Nasdaq is up pretty big for a Monday, and we have some fairly big earnings reports coming this week... There aren't a lot of companies left that still have to report, but Oracle Corp. (NYSE: ORCL) goes today, and Adobe Inc. (Nasdaq: ADBE) on Thursday, both after...
Algo Traders Are Hitting 3 Major Sectors… How Will It Impact the Market?
Algo traders have been hitting energy, industrial and real estate sectors while tech has plateaued. Meanwhile, jobless claims have risen, which may lead to the Federal Reserve holding off on raising rates. Initial claims came in at 261,000, which means the jobs market...