1 Corinthian 9:25 And every man that striveth for the mastery is temperate in all things. Now they do it to obtain a corruptible crown; but we an incorruptible.
January 12, 2024
Notable Earnings Reported:
- C +1.04%
- BAC -1.06%, WFC -3.34%, JPM -.73% (from green to red reaction, share price at record high)
Stocks that are in Record or 52 Weeks High:
- REGN, LLY, GSK, COST, MSFT, META, MELI, JPM
January 11, 2024
The stock market is back in a "hangover" mode, following massive gains in 2023. The US major indexes tepidly move.
- SPY -.04%
- DIA +.06%
- QQQ +.21%
Macro News: December CPI & Weekly Initial Jobless Claims
- Consumer price index rises 0.3% in December
- Shelter accounts for more than half of rise in CPI
- CPI increases 3.4% on year-on-year basis
- Core CPI gains 0.3%; up 3.9% on year-on-year basis
- Weekly jobless claims fall 1,000 to 202,000
Stocks Trading at 52 weeks high:
Stocks on Downtrend:
- Post-SEC approval of GBTCas Bitcoin spot ETF, the cryptos blockchain-related stocks have exhibited "sell- the news reaction" such as MSTR, MARA, RIOT, & MSTR.
- The EV sectors have been in a sell signal since the beginning of 2024, with weakness attributable to the loss of TAX- credit.
January 10, 2024
The U.S. equities bounce back from yesterday's mild sell-off, and the notable sector leader is once again the Technology stocks led by:
- META +3.65% NVDA +2.28% AMZN +1.56%
Market Movers:
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| SEC approves GBTC as Bitcoin spot ETF |
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| PANW & MELI breakout |
January 9, 2024
The equity market slid back to red territory following yesterday's bounce.
- SPY -.15%
- DIA -.44%
- QQQ +.20%
Market Movers:
January 8, 2024
The U.S. equities snap from a losing streak since the beginning of the trading year.
- DIA +.59%
- QQQ +2.07%
- SPY +1.43%
- NVDA +6.43% or at 522.53 a new record high as it unveils 3 new desktop graphic chips NVDA unveils 3 chips CES 2024
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