Stock Market Recap - September 25- 29, 2023

 September 28, 2023

The US stock market finally closed the trading session on a higher note in today's trading session.  Today is the strongest session we have had in the market in the last 9 trading sessions.

• SPY +.58%  DIA +.35%  QQQ +.84%

Macro News:

• Q2 GDP remained at 2.1%
• Weekly Jobless claims at 204k an increase of 2k
• Continuing claims at 1.670M an increase of 12k.  US Q2 GDP, Inflation, Weekly, & Continuing Jobless claims

Stock Market Recap- September 18- 22, 2023

 September 18, 2023

It is a timid stock performance in the US stock market today, the major indices barely eked green performance, following last Friday's sell-off.

• SPY +.06%  DIA +0%  QQQ +.11%

Macro News:  US Homebuilders' confidence fell for a Second Month in September to 45 from 50 from the NAHB September reading to the lowest since August.  

Today's Losers:

Stock Market Recap - September 11 - 15, 2023

 

September 11, 2023

The US stock market started the trading week with an upbeat mode.

• DIA +.25%  QQQ +1.18%  SPY +.66%

Tesla +10.09% after receiving an upgrade from Morgan Stanley saying it is worth $400 MS calls Tesla an AI stock

Trade Plan for September 2023

September 19, 2023

Lulu trade update, technical price struggling to stay above 400 & hold the bullish support at 380 which was the last 7 months' resistance, weakness is attributable to traders'/ investors sentiment on the retail discretionary sector, as NKE, DKS & other apparel names reported weak earnings.

This week, the 376 should be the trailing stop for LONG entry.

September 15, 2023

 A trading update on LULU-  as of today, the technical support has touched the breakout pivot, and higher high support is manifesting on the stock price, the overall US major index 

September 6, 2023

 These names exhibit a strong technical chart daily and weekly as a result of 3 consecutive quarterly earnings reports.