Coffee With Greta: Higher Prices, Weaker Spending
DJIA Futures: +113 (+0.3%) SPX Futures: +9 (+0.2%) NASDAQ Futures: +43 (+0.2%) Good morning friends! Futures are higher as traders digest mixed economic data with hot inflation but weaker than expected retail sales. Let’s get right to it! Wholesale Inflation Runs Hot Wholesale inflation pressures were hotter than expected in February. The Bureau of Labor […]
Continue Reading -->The Trend Is Your Friend Until It Bends At The End
On the heels of Friday’s Key Reversal Day in the SPX (and NDX) we got a Plus One/Minus Two buy setup up on Monday. As well the index tailed up on Monday leaving a 180 buy setup. The combo produced an explosive rally on Tuesday. We are in a technical crosscurrent.” Why? Yesterday was either […]
Continue Reading -->Coffee With Greta: Record Territory
DJIA Futures: +35 (+0.1%) SPX Futures: -3 (-0.1%) NASDAQ Futures: -60 (-0.3%) Good morning friends! Futures are mixed after the S&P 500 closed at a new record high on Tuesday. Let’s get right to it! S&P Notches Fresh Record The S&P 500 notched a new record close on Tuesday as the market bounced back from […]
Continue Reading -->Coffee With Greta: Inflation Still Rising
DJIA Futures: +67 (+0.2%) SPX Futures: +24 (+0.5%) NASDAQ Futures: +116 (+0.6%) Good morning friends! Futures are higher after the release of new inflation data. Let’s get right to it! February CPI Inflation pressures were slightly hotter than expected in February, keeping the Fed on track to continue waiting for rate cuts. The Bureau of […]
Continue Reading -->Coffee With Greta: Key Data Week
DJIA Futures: -159 (-0.4%) SPX Futures: -20 (-0.4%) NASDAQ Futures: -93 (-0.5%) Good morning friends! Futures are slipping, extending Friday’s reversal. Let’s get right to it! Inflation Week Traders are awaiting key data for the Fed this week with new inflation numbers set to be released. The February CPI will be released Tuesday morning ahead […]
Continue Reading -->Can NVDA Bring the Market Down?
Sometimes we just nail it…with the help of the best trading tool on the planet, the Square of 9 Time & Price Calculator. NVDA gapped open 25 points on Friday pushing another 23 points to a high. An hour and a half into Friday’s session with NVDA still up 30 points we alerted on the […]
Continue Reading -->Coffee With Greta: Rising Unemployment Hits Yields
DJIA Futures: +5 (+0.01%) SPX Futures: +11 (+0.2%) NASDAQ Futures: +29 (+0.2%) Good morning friends! Futures are higher following the jobs report. Let’s get right to it! Unemployment Rises The U.S. economy added more jobs than expected in February while the unemployment rate rose unexpectedly. The Labor Department reported employers added 275,000 workers last month […]
Continue Reading -->Coffee With Greta: Rebound Continues
DJIA Futures: +89 (+0.2%) SPX Futures: +21 (+0.4%) NASDAQ Futures: +105 (+0.6%) Good morning friends! Futures are higher, continuing Wednesday’s rebound. Let’s get right to it! Fed Chair Testimony Day 2 Fed Chair Jerome Powell will testify in the Senate Banking Committee today for day two of his Semi-Annual Monetary Policy Report to Congress. Today’s […]
Continue Reading -->Coffee With Greta: Fed Chair Takes The Hot Seat
DJIA Futures: +187 (+0.5%) SPX Futures: +31 (+0.6%) NASDAQ Futures: +165 (+0.9%) Good morning friends! Futures are higher as traders await day one of the Fed Chair’s testimony in Congress. Let’s get right to it! Fed Chair To Testify Fed Chair Jerome Powell is set to testify in the House Financial Services Committee today. The […]
Continue Reading -->Coffee With Greta: Tech Pullback
DJIA Futures: -142 (-0.4%) SPX Futures: -21 (-0.4%) NASDAQ Futures: -123 (-0.7%) Good morning friends! Futures are slipping as traders await key data this week. Let’s get right to it! Tech Pullback Stocks are falling this morning, continuing Monday’s decline that pulled the Nasdaq back from record highs. The tech-heavy index slipped 0.4% on Monday […]
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