Technical Notes S&P 500 Index moved above 6,427.28 set on July 31st to an all-time high extending an intermediate uptrend. S&P 500 iShares moved above $639.85 to all-time high. Almost all of the gains during the past week came from the “Magnificent 7” stocks (MAGS) Australia iShares (EWA) moved above $26.83 to an all-time high […]

Pre-opening Comments for Tuesday August 12th U.S. equity index futures were higher this morning. S&P 500 futures were up 33 points at 8:35 AM EDT. S&P 500 futures advanced 30 points following release of the U.S. July Consumer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versus a 0.3% increase in June. […]

Pre-opening Comments for Monday August 11th U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EDT. Gold dropped $80.70 to $3,411.00 in pre-opening trade. AMC advanced $0.15 to $3.08 after reporting higher than consensus second quarter revenues. AMD dropped $2.86 to $169.90 after the company agreed […]

Pre-opening Comments for Friday August 8th U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:35 AM EDT. The Canadian Dollar dropped 0.05 to US72.68 cents following release of Canada’s July Employment Report at 8:30 AM EDT. Consensus called for a 15,300 gain versus an 83,100 gain in […]

Pre-opening Comments for Thursday August 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 36 points at 8:30 AM EDT. Nutrien added $1.35 to US$59.30 after reporting higher than consensus second quarter results. Door Dash added $7.77 to $265.85 after reporting higher than consensus second quarter revenues and earnings. AirBNB […]