Coffee With Greta: Digesting The Rally
DJIA Futures: -178 (-0.5%) SPX Futures: -10 (-0.2%) NASDAQ Futures: -1 (-0.01%) Good morning friends! Futures are slipping as traders digest last week’s record-breaking run. Let’s get right to it! Upcoming S&P 500 Members Rise Super Micro Computer (SMCI) shares are rallying 16.9% ahead of the open with Deckers Outdoor (DECK) up 4.5% after the […]
Continue Reading -->Clear The Way For A Crash Landing
“Clear The Way For A Crash Landing, Clown” -Emile Sande This week is the 15th anniversary of the March 6, 2009 bear market low. This is an important anniversary month as 15 years is ¼ or 90 degrees of W.D. Gann’s Master 60 Year Cycle. While on the surface, the low in 2009 may look like […]
Continue Reading -->A Home Run In AMD
On Thursday just after the open Hit and Run flagged that AMD was coming out of a Holy Grail/180 buy setup. A Holy Grail is a pullback/consolidation at the 20 day moving average. On Tuesday AMD traced out a 180 long signal: it closed near session lows on Monday and at session highs on Tuesday. […]
Continue Reading -->Coffee With Greta: AI-Fueled Record
DJIA Futures: -34 (-0.1%) SPX Futures: +1 (0.02%) NASDAQ Futures: +7 (+0.04%) Good morning friends! Futures are flat after Thursday’s record-breaking climb. Let’s get right to it! Record Highs The Nasdaq and the S&P 500 both ended the month of February at record highs. The tech-heavy Nasdaq ended Thursday’s session 0.6% higher at 16,082.33, the […]
Continue Reading -->Coffee With Greta: Inflation Data As Expected
DJIA Futures: +50 (0.1%) SPX Futures: +15 (+0.3%) NASDAQ Futures: +96 (+0.5%) Good morning friends! Futures are higher after the release of new inflation data that was in line with expectations. Let’s get right to it! PCE As Expected The Fed’s preferred inflation gauge rose as expected in January. The Bureau of Economic Analysis’ personal […]
Continue Reading -->OKTA’s Home Run Setup
Checking a daily OKTA for the last two months prior to Wednesday’s Earnings Explosion’ showed a lot of sideways chop. However if you pull back the lens to the weeklies you see what I call a big picture Sherlock’s Pipe bullish setup. OKTA rolled over from its late 2021 top carving out a bowl off […]
Continue Reading -->Coffee With Greta: Waiting Game
DJIA Futures: -110 (-0.3%) SPX Futures: -15 (-0.3%) NASDAQ Futures: -83 (-0.5%) Good morning friends! Futures are falling as traders await new inflation data on Thursday. Let’s get right to it! Q4 GDP Revised Lower The U.S. economy expanded less than originally estimated in the fourth quarter. The Commerce Department’s first revision shows GDP expanded […]
Continue Reading -->Coffee With Greta: Earnings Continue
DJIA Futures: -27 (-0.1%) SPX Futures: +6 (+0.1%) NASDAQ Futures: +49 (+0.3%) Good morning friends! Futures are mixed as traders digest the latest batch of earnings and look ahead to key data. Let’s get right to it! Lowe’s Falls On Outlook Lowe’s (LOW) shares are down 1.1% ahead of the open after beating Q4 expectations […]
Continue Reading -->Coffee With Greta: Awaiting Key Data Ahead
DJIA Futures: +6 (+0.02%) SPX Futures: +3 (+0.1%) NASDAQ Futures: +23 (+0.1%) Good morning friends! Futures are higher but flat as traders digest last week’s record-breaking moves and look ahead to key inflation data this week. Let’s get right to it! New Week Traders will get a quieter start to the week before some important […]
Continue Reading -->Coffee With Greta: Extending NVDA’s Boost
DJIA Futures: +54 (+0.1%) SPX Futures: +8 (+0.2%) NASDAQ Futures: +17 (+0.1%) Good morning friends! Futures are higher after the S&P 500 closed at a fresh record-high on Thursday. Let’s get right to it! S&P Hits New Record The S&P 500 and Nasdaq both logged their best days since early 2023 on Thursday, fueled by […]
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