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This is one of a handful of market updates posted every day for subscribers at Wolf-on-WallStreetTrade.com… The Early Update, which sets the tone for the day, and unveils key observations that move price that aren’t usually obvious looking at price alone. You can still subscribe to Wolf on Wall Street
Today’s downside bias in the stock market was driven by a jump in market rates, initially sparked by this morning’s Employment Cost Index for Q1. The Employment Cost Index typically isn’t a market moving data point, but this morning the ECI reflected an inflationary +1.2% increase in compensation costs versus
2:08 p.m. ET I featured NEM yesterday after it came up in The Technical Take Discord room. Newmont was sitting in a nice bull flag ahead of earnings… NEM (2h) as of yesterday. Today, a breakout and up +13.25%… NEM (2H)Â – today shaded green, and look at the
This week is the SuperBowl of earnings with 4 of the 7 Magnificent 7 mega-caps (Meta Platforms, Tesla, Microsoft, and Alphabet) reporting this week. As noted a couple of weeks ago, “The bar for the top 10 stocks is quite high. 2024 bottom up consensus EPS revisions are +18% for
"Changes in market character precede changes in market trends." Changes in character are most often discovered intraday. Benefit from real time analysis and alerts, whether you're a short term trader or a long term investor.
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