SPX and ES got all the way up to their SMA200s – the most significant overhead resistance – on yesterday’s vol collapse. Last night, an additional 4% smackdown in VIX put ES over its SMA200. continued for members… … continue reading →
Category Archives: Charts I’m Watching
Futures have bounced back from moderate overnight losses in advance of this afternoon’s FOMC decision. continued for members… … continue reading →
Futures are up slightly on as investors look ahead to tomorrow’s FOMC decision. continued for members… … continue reading →
Futures are up moderately after bouncing at the 1.618 Fib last week. continued for members… … continue reading →
PCE (+0.4%) came in slightly higher than consensus (+0.3%.) Core PCE was in line with expectations at +0.3% MoM and 3.7% YoY. Personal spending (+0.7%), however, was well above consensus (0.5%, 0.4% prior) and personal income (0.3%.) In other words, spending increased faster than income. As discussed yesterday, this speaks to a slowing nominal inflation … continue reading →
GDP grew at a rapid 4.9% annualized clip last quarter, far outpacing most estimates and prompting a bounce in futures from overnight lows (after ES reached the top of the range for our next lower target.) However, it merely complicates the Fed’s inflation fighting efforts. continued for members… … continue reading →
Futures are off moderately following a big slide in GOOGL shares. AAPL and AMZN are also off. continued for members… … continue reading →
Futures are up moderately on positive earnings reports from several key equities. continued for members… … continue reading →
Futures have dropped through our 200-day moving average target – a significant move that opens the door to a more important backtest. continued for members… … continue reading →
Powell spoke, and the algos weren’t too happy with what they heard: “We are attentive to recent data showing the resilience of economic growth and demand for labor. Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could … continue reading →