Technical Analysis & trade setups for major US market indices, commodities, and ETF's. S&P, Nasdaq, Dow, Small Caps, Gold, Silver, Oil, Natural Gas, Stocks.
7/27 - Daily Market Summary $NDX $QQQ $SPX $SPY $GLD $UCO $BTCUSD
Indexes are still looking weak. The megacaps don't start reporting until Wednesday so we could see more selling in advance.
The Fed is poised to hike rates soon.
The Fed Funds futures market prices a rising path from 3.63% today to a peak near 4.17% in May 2027.
That looks like a new hiking cycle.
The Jan 2027 contract sits 41.5bp above the effective rate, nearly 2 hikes implied by year-end.
If the Fed follows market expectations, this repricing creates headwinds for risk assets, especially the high-beta names
$QQQ
7/24 - Daily Market Summary $NDX $QQQ $SPX $SPY $GLD $UCO $BTCUSD.X
A new local low for Nasdaq. Not good longer term. This chart is an illustration but a possibility if sellers keep pushing lower.
7/23 - Daily Market Summary $NDX $QQQ $SPX $SPY $GLD $UCO $BTCUSD.X
A jolly good shellacking for the Nasdaq today. Communication breakdown, it's always the same. It really is still all about the cash flows!
7/22 - Daily Market Summary $NDX $QQQ $SPX $SPY $GLD $UCO $BTCUSD.X
Why am I seeing bearish patterns forming up on Index charts? Either winter is coming or it's a trick before earnings.
7/21 - Daily Market Summary $NDX $QQQ $SPX $SPY $GLD $UCO $BTCUSD.X
Are we setting up for another pump and dump? Maybe not. All three megacaps set to report today have bullish looking charts.
7/16 - Daily Market Summary $NDX $QQQ $SPX $SPY $GLD $UCO $BTCUSD.X
The S&P is like a toddler that is tired but refuses to take a nap. You explain the nap would be good, but they stay up later anyway.
7/14 - Daily Market Summary $NDX $QQQ $SPX $SPY $GLD $UCO $BTCUSD.X
CPI is down, who woulda thought with traders stepping on the price of oil for two months. Come back in two months and we'll talk! Until then, enjoy the single day of lower yields and a classic stock market pump.
7/13 - Daily Market Summary $NDX $QQQ $SPX $SPY $GLD $UCO $BTCUSD.X
Sounds like the Iranians are pretty mad. But, we have earnings coming up. Maybe they markets will care in a few weeks when those are done with. We have some selling yes, but nothing major.
7/8 - Daily Market Summary $NDX $QQQ $SPX $SPY $GLD $UCO $BTCUSD.X
Ceasefire cancelled again! Common guys. Who is buying and why? Seems like a stupid idea to me considering oil prices are all but guaranteed to rise.