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Wed, May 15th, 2024
S&P 500 and Nasdaq 100 Rally to Record Highs on Fed-Friendly Economic Reports

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. US stock indexes this morning...

$SPX : 5,300.04 (+1.02%)
SPY : 528.84 (+1.06%)
$DOWI : 39,834.63 (+0.70%)
DIA : 398.44 (+0.72%)
$IUXX : 18,583.31 (+1.42%)
QQQ : 452.51 (+1.48%)
ZNM24 : 109-225 (+0.56%)
DHI : 156.05 (+5.44%)
BLDR : 171.68 (+1.16%)
TOL : 134.21 (+5.36%)
LEN : 169.90 (+4.66%)
PHM : 121.46 (+4.54%)
Stocks Climb and Bond Yields Fall as US CPI Moderates

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.26%. US stock indexes this morning...

$SPX : 5,300.04 (+1.02%)
SPY : 528.84 (+1.06%)
$DOWI : 39,834.63 (+0.70%)
DIA : 398.44 (+0.72%)
$IUXX : 18,583.31 (+1.42%)
QQQ : 452.51 (+1.48%)
ZNM24 : 109-225 (+0.56%)
DHI : 156.05 (+5.44%)
BLDR : 171.68 (+1.16%)
TOL : 134.21 (+5.36%)
LEN : 169.90 (+4.66%)
PHM : 121.46 (+4.54%)
Prestige Consumer Healthcare: Fiscal Q4 Earnings Snapshot

Prestige Consumer Healthcare: Fiscal Q4 Earnings Snapshot

Metagenomi: Q1 Earnings Snapshot

Metagenomi: Q1 Earnings Snapshot

Stocks Settle Higher on Expectations for US Apr CPI to Moderate

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.68%. US stock indexes...

$SPX : 5,300.04 (+1.02%)
SPY : 528.84 (+1.06%)
$DOWI : 39,834.63 (+0.70%)
DIA : 398.44 (+0.72%)
$IUXX : 18,583.31 (+1.42%)
QQQ : 452.51 (+1.48%)
ZNM24 : 109-225 (+0.56%)
SMCI : 944.63 (+14.87%)
ORCL : 121.48 (+0.50%)
SCHW : 78.36 (+1.67%)
TSLA : 174.67 (-1.62%)
ONON : 36.18 (-0.33%)
How the Fed Uses Quantitative Tightening to Address Inflation

The quantitative easing policy that began in 2020 has transformed into a quantitative tightening policy as the Federal Reserve looks to combat demand-driven inflation. The Fed recently reduced the amount...

30Y T-Note futures

Why we believe the oft-ignored 30Y futures holds promise as a swing trade idea

ZBU24 : 118-04 (+1.07%)
Stocks See Support as Bond Yields Fall on Powell Comments

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.10%. US stocks this morning...

$SPX : 5,300.04 (+1.02%)
SPY : 528.84 (+1.06%)
$DOWI : 39,834.63 (+0.70%)
DIA : 398.44 (+0.72%)
$IUXX : 18,583.31 (+1.42%)
QQQ : 452.51 (+1.48%)
ZNM24 : 109-225 (+0.56%)
STX : 98.28 (+2.14%)
SMCI : 944.63 (+14.87%)
SCHW : 78.36 (+1.67%)
TSLA : 174.67 (-1.62%)
ONON : 36.18 (-0.33%)
Stocks Mixed as US PPI Report Signals Sticky Price Pressures

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.02%. US stocks this morning...

$SPX : 5,300.04 (+1.02%)
SPY : 528.84 (+1.06%)
$DOWI : 39,834.63 (+0.70%)
DIA : 398.44 (+0.72%)
$IUXX : 18,583.31 (+1.42%)
QQQ : 452.51 (+1.48%)
ZNM24 : 109-225 (+0.56%)
WBA : 17.93 (-2.29%)
TSLA : 174.67 (-1.62%)
ONON : 36.18 (-0.33%)
STLA : 23.18 (-0.60%)
ORN : 9.45 (+4.42%)
US Economy: Is Consumerism Being Curbed?

A few key economic indicator markets seem to be telling us the consumerism that has underpinned the US economy could be waning.

SBUX : 75.77 (+0.19%)
KCK24 : 201.25s (-0.79%)
MCD : 274.10 (+1.27%)

Tweets @Barchart

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Michael Burry is back! This time he’s loading up on $10 million worth of physical gold $PHYS https://t.co/GilsdgaDZR
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Credit Card Delinquencies rise to highest level in more than a decade 👀 https://t.co/xjofsQqlDJ
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Greed returns to the Stock Market for the first time since April 11! Yesssss, we did it 🥳🤑🫰 https://t.co/q5NbyGH61y
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Nvidia $NVDA surging to highest price since March https://t.co/RAcT4K6ygi
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Come on WSJ, don't do this to Buffett 😂 https://t.co/kNM77R8kKO
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S&P 500 $SPX hits all-time high 🚨 https://t.co/h3obRYHDtM
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BREAKING 🚨: GameStop $GME now down more than 30% on the day https://t.co/A3XneF0dLB https://t.co/fmLBGXUe4Y
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Ooops 🤦‍♂️😂 https://t.co/iWVJwHxiS3
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U.S. Dollar Index $DXY falling to its lowest level in more than a month https://t.co/iHtBAf93M7
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AMC Entertainment $AMC options volume is still well short of what it was during the 2021 Meme Mania https://t.co/vjQ2MxZqAj

Chart of the Day

Universal Stainles (USAP)

The Chart of the Day belongs to basic metals company Universal Steel & Alloy (USAP) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used...
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