APRIL 21, 2023
It's another quiet trading session in the US market as market participants focus on corporate earnings. The stock ETFs/ benchmarks eeked a small gain - SPY +.08% DIA +.10% QQQ +.10%.
Stocks trading at 6 month high or at 52 weeks high:
APRIL 20, 2023
The US stock market took a breather today, despite the dismal earnings, TSLA -9.75%
The stock ETF/ benchmark has avoided the full percentage decline, SPY -.55% DIA -.31% QQQ -.76%, these ETFs closed at or above their 20 & 50-day moving average support.
Notable earnings mover:
- TSLA -9.75% - closes near day low
- FFIV -2.11% this has exhibit buy the dip earnings price reaction
- IBM +.03%- the gap rally of nearly +4% day high has been sold off.
April 19,2023
Today marks day 4 of a quiet trading session in the US market, whereas the market index moved less than a full percentage. SPY -.02% DIA -.24% QQQ -.05%.
Corporate earnings news:
- NFLX -3.17% post-earnings result.
- TSLA -8.16% after-hours, post Q1 '23 earnings report- Q1 revenue $23.3B, EPS 73c, adj. EPS 85c, gross margin 19.3%
- UAL +7.50% post-earnings result from Q1 adjusted loss $0.63 per share, revenue $11.43B reiterated 2023 adjusted EPS target between $10- $12, analyst consensus $8.68
Tesla on daily chart, beforeQ1 '23 earnings report
Bitcoin pulled back from $30l levels, with the price hovering around $28.8k- $29.2k. Stocks trading at 6 month high or at 52 weeks high:
April 18, 2023
It's another quiet day in the US equities, DIA -.04% QQQ +.01% SPY +.07%. Notable earnings for the week:
- 4/18 - NFLX after market close
- 4/19 - MS, TSLA, AA, FFIV,
Stocks trading at 6 month high or at 52 weeks high:
- AAPL +.75%, CMG +.19%, BKNG +.77%, NVDA +2.46%
Bullish stocks:
- MARA +2.01% RIOT +4.02% MSTR +5.37% - are today's performers, note that these names follow Bitcoin price movement, Bitcoin is trading at 30,200 which appears as the current overhead resistance.
April 17, 2023
It's a Merger & Acquisition Monday for the biotech sector, Merck has announced a private takeout of RXDX for $200 per share or a $10.8B deal or +70% since last Friday's closing price Prometheus Biosciences announced buyout from Merck. The ETF XBI +4.66% rallied on the news, sending the ETF LABU +13.71% higher.
Biotech winners in lieu of RXDX buyout:
- KRTX +8.22% ITCI +4.93% SAGE +4.09% ICPT +6.23% ACAD +7.67%
The US equities breadth for today's trading session was bullish.
- SPY +.36% DIA +.32% QQQ +.08% - these closed the trading session at their resistance level.
Stocks trading at 6 month high or at 52 weeks high:
- CMG +2.11% FSLR +5.03% NTES +4.49%
