Pre-opening Comments for Monday April 20th U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points at 8:30 AM EST. Index futures responded to a return to closure of the Strait of Hormuz. WTI Crude Oil added $4.97 to $88.82 per barrel in response to the Strait of Hormuz news. […]

The Bottom Line Peace has “broken out” in the Middle East (at least temporarily). Equity markets around the world responded accordingly on Friday. Look for more good news this week! First quarter results released to date by U.S. companies generally have exceeded consensus estimates (notably by most major banks). Frequency of first quarter reports by […]

Pre-opening Comments for Friday April 17th U.S. equity index futures were higher this morning. S&P 500 futures were up 35 points at 8:30 AM EST. WTI Crude Oil dropped $3.40 to $91.29 per barrel in anticipation of an agreement between the U.S. and Iran Netflix (NFLX) dropped $9.56 to $98.23 despite reporting higher than consensus […]

Technical Notes Advanced Micro Devices (AMD) an S&P 100 stock moved above $266.96 and $267.08 to an all-time high extending an intermediate uptrend. . Johnson & Johnson (JNJ) a Dow Jones Industrial Average stock moved below $232.24 completing a double top pattern. Trader’s Corner Equity Indices and Related ETFs Daily Seasonal/Technical Equity Trends for April […]

Pre-opening Comments for Thursday April 16th U.S. equity index futures were higher this morning. S&P 500 futures added 11 points at 8:35 AM EST. S&P 500 futures added 1 point following release of the April Philly Fed Manufacturing Index at 8:30 AM EST. Consensus was a drop to 12.4 from 18.1 in March. Actual was […]