This is perhaps our last show 1. Google, MSFT and AMD are leading the headlines today. They are all dropping after reporting earnings. Alphabet (GOOG) is the biggest loser falling by nearly 6.0%. This news is weighing on the NASDAQ which is trading lower by 1.17%. Like I said last week, these stocks are all priced for perfection after the recent run up. On Thursday, AAPL, AMZN and META are all scheduled to report after the closing bell. 2. Regional banks are coming under some selling pressure to...
Jan 31, 2024•20 min
1. It's a quiet start for the major indexes this Monday morning. While the indexes are higher they are just slightly positive. 2. This Is a huge week for earnings. Mega cap stocks such as MSFT, AAPL. AMZN, META, and AMD are all scheduled to report this week. 3. Oil,nat gas and energy are weaker today. This industry group remains very choppy for the past several months. 4. The Fed announcement is this Wednesday. I do not expect the central bank to do anything this week when it comes to rate cuts....
Jan 29, 2024•14 min
1. Earnings season is underway. Netflix (NFLX) reported last night and that stock is a big winner this morning trading higher by 13%. Texas Instruments (TXN) on the other hand is trading down by 2.8%. Then we have consumer goods stock Kimberly Clark (KMB) trading lower by 4.5%. This stock is dragging most of the consumer goods names lower. Clorox, Colgate and Church & Dwight are falling in sympathy with Kimberly Clark. This week earnings are reving up, but next week is when we really hit ful...
Jan 24, 2024•4 min
1.The major stock indexes are rallying higher again this morning. Last friday, the S&P 500 Index closed at a new all time high after 2-years. Currently, that market remains strong and in an uptrend. 2. Earnings season kicks into full gear this week. Last week, earnings season began, but the number of companies reporting was very light. This week we shall see earnings from all different industry groups. Buckle up, this could be a wild earnings period. 3. Alternative energy and solar stocks ar...
Jan 22, 2024•7 min
1.The major stock indexes are starting out a little on the weak side today. At this time, the major indexes have been trading in a tight range since mid-December. 2. Earlier this morning, the retail sales report was stronger than expected. This is signaling that consumers are still strong and that might keep the Fed from cutting rates. The next FOMC meeting is on Jan 31st. Personally, I think the Fed is going to sit tight and not cut until the middle of the year if at all. 2A. This Friday is opt...
Jan 17, 2024•16 min
1.Earnings season kicked off today with JPM and other financial reporting. 2. Oil and energy are rallying after the US and UK conducted strikes against military targets in Houthi-controlled areas of Yemen 3. Next week is options ex for January. 4. Gold and silver are catching an early bid. 5. Bitcoin slumps after spot ETP approval Visit Nick @ https://InTheMoneyStocks.com
Jan 12, 2024•7 min
1. The fake Bitcoin Tweet heard around the world. The SEC was allegedly hacked. The crypto traders are all awaiting news from the SEC on a spot bitcoin ETF approval by over 10 firms. 2. It's a quiet day for markets, Tomorrow, the CPI number will be released. This has been a market moving number in the past and can be again. 3. The financial stocks have stalled out a little this week, but they have been some of the biggest winners since the rally started in late October. I think this pullback is ...
Jan 10, 2024•9 min
Kerry Lutz and Nick Santiago talked about what 2024 has in store for the financial markets. They analyzed the recent movements of the market, including the resurgence of technology stocks and the impact of the Powell pivot. They also discussed the Federal Reserve's monetary policy shifts and their impact on the market, as well as potential indicators of an upcoming recession. Then they moved on to the energy market, precious metals market, and investment strategies.The discussion on the energy m...
Jan 08, 2024•29 min
1.The major indexes are upticking to start the day. Last week was an important time period for markets as Fed Chairman Jay Powell changed his verbiage on interest rates and was basically dovish. I'm sure this week we will hear the fed heads start to talk hawkish as the markets have run a lot since late October. 2. US Steel (X) is going to be bought by Nippon Steel for $55.00 a share. The stock is trading higher by 26.00% on the news. This is helping a lot of other steel related stocks trade high...
Dec 18, 2023•13 min
1.It's a big day for markets. First, we had the PPI report today. The Producer Price Index was unchanged month-over-month. Honestly, I don't care about the number, we only care about the reaction. 2. Later today at 2pm ET the FOMC will announce their interest rate policy decision for the United States. I think there is a good chance this is going to be a non-event since everyone knows the Fed is not going to do anything at this meeting. As always, the verbiage and the press conference could be i...
Dec 13, 2023•7 min
1. Quad witching options expiration this Friday Dec 15th. This is a week for wild news, ridiculous upgrades/downgrades and lots of rumors. Letsthe games begin. 2. Mega cap tech stocks are pulling back today. $AAPL GOOG, AMZN, MSFT and NVDA are just a few leading tech stocks that are down by more than 1% at the open. This is again likely due to options expiration. As a rule, stocks that have been surging will pull back this week, stocks that are in the gutter will often bounce, hence, Cigna (CI)....
Dec 11, 2023•12 min
1. The non-farm payroll report was released today. The headline number was a 199,000 job increase in nonfarm payrolls, there was a drop in the unemployment rate to 3.7% from 3.9%. Basically, this was another goldilocks report. It's funny how that has happened a lot this year. 2. The major indexes started weak and rallied up and now it’s pulling back a little, but basically flat. Either way, should the market continue to consolidate sideways there is nothing bad when that happens. 3. Next week is...
Dec 08, 2023•5 min
1. The major indexes are trading higher this morning, but we have been in a range since November 20th. Overall, the major indexes are just consolidating and that is not a bad thing after a big run up like we had since October 27th. Share buybacks at record levels and special dividends are on the rise. 2. Oil is down again today. Crude is now trading at $70.75 a barrel. I'm looking for oil to trade down to the $69.00 area. There will be short term support around that area. Most energy stocks are ...
Dec 06, 2023•11 min
1. Markets are pulling back today. They have been very overbought on the daily chart. 2. Gold is pulling back in a big way today trading lower by 2.3%. Gold was very close to a monthly breakout, but it never confirmed the move and today it is pulling in sharply. 3. Silver is also retreating today. While it has not been as strong as gold recently it has held up well. Today, it is tradling lower by 4.0%... Now we watch for pattern over the next week or so. 4. Bitcoin is sharply higher after the SE...
Dec 04, 2023•6 min
1.Markets are trading higher today after the . The catalyst for the move higher was from the second estimate for Q3 GDP showed real GDP increasing at an annual rate of 5.2%. This number was expected to be strong but was better than expected. Later today, the Fed's Beige Book will be released at 2pm ET. 2. The Russell 2000 Index (IWM) is the big winner so far today. As many of you know, when the small caps lead markets it tells us that risk is on. That is the case today. 3. Oil has been ticking u...
Nov 29, 2023•8 min
1. The holiday is over and the markets are stalling out a little to start the week. These markets are very overbought on a daily chart basis. A pullback or some consolidation is needed after such a big surge. Today is a full moon, let's see if we get a minor pullback for a few days here. 2. New home sales declined 5.6% month-over-month in October to a seasonally adjusted annual rate of 679,000. Expectations were 720,000, this is a miss. The prior month was revised to 719,000 from 759,000. While ...
Nov 27, 2023•7 min
1. Nvidia (NVDA) earnings are the talk of the day. The stock is trading lower by 3.0%. The earnings were very strong as expected, but the stock had run higher recently with the overall stock market. 2. The major stock indexes are continuing to rally in this light volume holiday session. Often, around major holiday periods we look for light volume and the major indexes will usually remain buoyant. 3. Crude is selling off today trading down by $3.16 to $74.61 a barrell. It looks as if OPEC cancele...
Nov 22, 2023•7 min
1. The major indexes have staged a a big rally since October 27th. Now it looks like the markets need to take a breather. Today, the major indexes are slightly higher to start the day. The NASDAQ is leading the charge trading up by 0.50%. 2. Microsoft has now hired the former C3 AI CEO Sam Altman to lead it AI division. The stock is trading higher this morning on the news. MSFT stock is trading at all time highs right now. 3. The decline in bond yields have been the tailwind with the stock marke...
Nov 20, 2023•10 min
1. Markets are trying to rally again today after yesterday's sell-off. 2. Yields surged yesterday after a weak 30-year US Treasury auction. Today, yields are pulling back a little today. 3. Fed Chairman Jay Powell spoke at the IMF yesterday. He was very hawkish as expected. Remember, this is what he usually does when the markets rally. Today, the markets are shrugging his comments off. 4. Oil is bouncing today from a short term oversold condition on the daily chart. The bigger short term support...
Nov 10, 2023•7 min
1. The major indexes have surged since October 27th when the S&P 500 index traded as low as 4103. Today, the S&P 500 index is trading at 4387. This has been a major surge and the markets likely need a breather soon. 2. Crude oil is down again today trading around the $76.50 area. Even with the Middle East conflict oil has still retreated sharply lower. Remember, on October 20th crude was trading around $90.00 a barrel. This has certainly helped a lot of the leading transport stocks espec...
Nov 08, 2023•15 min
1 Markets are struggling. Markets are stalling out. Sellers jump in. A. Geopolitical events. B. Yields are pulling back a little but nobody is buying into it. C. Everyone is scared to hold over the weekend with a war looming. 2. Earnings are out. AMZN & INTC are strong today after reporting. Amazon had a great reaction to its earnings. Intel also had a strong report and both are up 10%. Markets still struggling. 3. Next Wednesday the Fed is going to report their interest rate decision. They ...
Oct 27, 2023•8 min
1.Earnings are out from MSFT and GOOG. MSFT is strong, the stock trading higher by 3.7%. Google is not doing so well, the stock is trading lower by 8.5%. The tech giant had been a strong chart until today, so the next few days will tell me a lot more. 2. The major stock indexes are under early pressure. Yields are higher on the 10-year note. The 2-year note yield is also holding around 5.09%. The 2-year note yield must drop if this stock market is going to catch a bid. 3. The Middle East crisis ...
Oct 25, 2023•12 min
1. Options Expiration for October is finally over. Traders and investors can get back trading without so much institutional game playing. This morning, the markets are starting out on the weaker side. The 4189 level should be some support for the S&P 500 Index. It has been tested this morning right after the opening bell. This is going to be a key support level that the markets must hold. 2. There was a big takeover this morning. Chevron (CVX) bought Hess (HES) for $53 billion. I believe tha...
Oct 23, 2023•16 min
1. The major indexes are starting out a bit on the weaker side today. Traders should remember this Friday is options expiration for October. Today is Whipsaw Wednesday, which is often the most choppy session of the week before the Friday expiration. Rallies will often be sold and sell-offs will usually see big bounces. Be ready for a market that can be all over the map today. 2. Crude oil is catching a decent bid today trading back to $88.00 a barrel. This move up is solely based on geopolitical...
Oct 18, 2023•7 min
1 Earnings season is underway. This morning JPM, WFC, BLK, PNC, UNH & PGR reported earnings. For the most part, JPM is having a great reaction to its numbers. The stock is trading higher by 4.0%. More earnings will pour in next week in other industry groups. 2. The major indexes were trading higher this morning but gave up their gains. They were looking to close out a positive week, despite lots of geopolitical events taking place. This is why we must use charts and not opinions. 3. Next Fri...
Oct 13, 2023•7 min
1. Market rally after a lower open on the back of the hotter than expected job report. PPI up %0.5, a little hotter than expected. Markets are testing a big head and should neck line. A lot of bumpiness ahead. 2. US Dollar index is falling and that is helping stocks. Dollar has had a good pullback. 3. Oil is pulling back and that is helping markets. 4. Nat gas is breaking out. 5. Gold has caught a big bid on the back of the weaker dollar. 6. Bitcoin is weaker. Daily chart is weak....
Oct 11, 2023•6 min
1. Oil is gaining after the Israel war. 2. Markets are lower this morning, burt they did have a big rally on Friday. The bond market is closed today due to the old Columbus Day holiday now called indigenous peoples day. In the past, when the bond market was closed the stock market would often rally. Remember the old saying, when the cats away the mice will play. 3. Gold is catching a strong bid trading higher by 1.0%. Gold rallied on friday as the US dollar pulled back and is seeing some interes...
Oct 09, 2023•10 min
1. Market rally after a lower open on the back of the hotter than expected job report. 2. US Dollar index is falling and that is helping stocks. 3. Oil is pulling back and that is helping markets. 4. Nat gas is breaking out. 5. Gold has caught a big bid on the back of the weaker dollar. Visit Nick at: https://Inthemoneystocks.com Visit Kerry at: https://FinancialSurvivalNetwork.com
Oct 06, 2023•6 min
1. Markets are in a down trend and fear is starting to set in. Yesterday's JOLTS number was a little too hot to handle as good news was bad news once again. The major indexes are trying to gain some traction today, but it is off to a slow start. ISM services PMI came out weaker than expected. 2. There are a couple of positives for the markets today. 1. The US Dollar is finally pulling back. 2. Yields are also pulling back. This could help the markets to catch a bid from this very oversold condit...
Oct 04, 2023•15 min
1. It is still a fragile market. Last week the major stock indexes closed lower again. Today, the NASDAQ is trading higher but the small caps (Russell 2000) are weak. I'm just expecting more whipsaw going forward. Today is the start of the 4th quarter and everyone will be looking at the payroll report due out on Friday. 2. Energy is pulling back today. Oil is back at $90.00 after chopping around $95.00 last week. 3. Yields are up again this morning. The important 2-year note yield jumped to 5.11...
Oct 02, 2023•11 min
