Will the SPY keep going up or will CPI hit?

Will the SPY keep going up or will CPI hit?

2021-08-11

  SPY continues to frustrate the herd expecting a pullback. SPY shorts are beginning to cover in the latest Commitment of Traders report. SPY looks technically overbought but this can continue. The S&P ETF, SPY, continues to confound many seasoned commentators looking for a late summer sell-off. The market byRead More →

Nasdaq beats profit estimates on trading strength By Reuters

Nasdaq beats profit estimates on trading strength By Reuters

2021-07-21

  © Reuters. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton (Reuters) – Exchange operator Nasdaq Inc reported a better-than-expected quarterly profit on Wednesday, boosted by strength in its trading business asRead More →

Workhorse Group Inc correction continues

2020-10-20

  NASDAQ:WKHS falls 2.54% as the broader market selloff hits the electric vehicle sector hard. Workhorse receives voucher eligibility to the NYTVIP for its C-Series trucks.  Workhorse Group shares have fallen off since being targeted by a short-seller report. NASDAQ:WKHS has fallen nearly 30% since its mid-September peak amidst variousRead More →

Cassava Technologies falls after record day, boost from analysts

2020-09-16

  Nasdaq:SAVA fell nearly 10% on Tuesday after rising nearly 90% earlier this week. Analysts raised their ratings after SAVA announced positive news about its Alzheimer’s clinical trial. NASDAQ:SAVA retreated Tuesday after nearly doubling in price on Monday, after Wall Street analysts were bullish on the biotech’s Phase 2B clinicalRead More →

Nasdaq 100 falls on consumer confidence report

2020-08-14

  Consumer Confidence, Nasdaq 100, COVID – Talking Points. University of Michigan consumer confidence remains suppressed COVID-19 outbreak continues to affect consumers outlook Nasdaq 100 falls after consumer sentiment report The preliminary University of Michigan Consumer Confidence Index traded at 72.8 last Friday morning, compared to expectations of 72.5. FollowingRead More →

Nasdaq May Fall as Valuation Stretched Close To “Bubble” Level

2020-07-25

  Source: IG Charts NASDAQ INDEX FUNDAMENTALOUTLOOK: Trading at a 50.4 price-to-earnings (P/E) ratio, Nasdaq’s valuation has reached an inhibitive level Rich valuation amid rising Covid-19 viral risk renders Nasdaq vulnerable to a pullback China’s Shenzhen Composite, trading at 31.9 P/E ratio, is also susceptible to profit-taking Nasdaq Index Outlook:Read More →