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Trendsters, fasten your seatbelts – the market is giving us a new twist today! The "Either/Or" market is back, with trends defying expectations and leaving us wondering which way is up. But don't worry, we're here to guide you through the twists and turns.
In today's edition, we'll examine this peculiar market behavior and discuss how you can position yourself for success. Our Chart of the Day takes a closer look at Salesforce (CRM), a tech giant showing mixed signals. Will its long-term strength prevail, or are short-term challenges ahead? We'll break down the technical indicators and key levels to watch. Plus, we'll bring you the latest Market Moving News to keep you informed on the forces shaping the financial world. And as always, we've got a few surprises and fun facts sprinkled throughout to keep things interesting. |
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Tesla's Weekly Trade is Available! |
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Inflation Fears and Earnings Echoes |
Thursday's market action was a cautious affair, with major U.S. indexes retreating as investors anxiously awaited the upcoming Personal Consumption Expenditure (PCE) report. This key inflation indicator could significantly impact the Federal Reserve's interest rate decisions, making it the current focal point for market participants.
Salesforce (CRM) stole the spotlight, not in a good way. Its dismal earnings report, revealing an 11% drop in first-quarter revenue, sent its shares tumbling 20% and cast a shadow over the tech sector. However, not all was lost. Retailers like Foot Locker (FL) shone brightly with better-than-anticipated quarterly results, providing a silver lining to an otherwise cloudy day.
The PCE report, expected to show modest increases in both overall and core rates, is now the market's main concern. If the data aligns with expectations, it could soothe inflation fears and prevent Treasury yields from rising further. Conversely, hotter-than-expected numbers could reignite those concerns.
Interest-rate-sensitive sectors like banks and utilities found some relief from the recent pullback in Treasury yields, but the overall sentiment remains subdued. The S&P 500 is poised for its first weekly decline in six weeks. The Numbers Game: -
The S&P 500® index (SPX) fell 31.47 points (0.6%) to 5,235.48; the Dow Jones Industrial Averagedropped 330.06 points (0.9%) to 38,111.48; the Nasdaq Composite® ($COMP) declined 183.50 points (1.1%) to 16,737.08.
- The 10-year Treasury note yield (TNX) lost more than 7 basis points to 4.548%.
- The Cboe Volatility Index® (VIX) rose 0.19 to 14.47.
Strategies for Trendsters: Keep a watchful eye on the PCE report: It has the power to significantly sway market sentiment and the Fed's policy trajectory. Consider diversifying: The current market environment favors a balanced approach, with exposure to both cyclical and defensive sectors. Be patient: Short-term volatility is likely to persist until the inflation picture becomes clearer. As the market waits with bated breath for the PCE report, it's crucial to stay informed and adapt your strategies accordingly. The coming days will be pivotal in determining the direction of the markets in the near term. |
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Smart Money Moves: Why Investors Are Turning to Gold, Copper, and Zinc
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By clicking the links above, you agree to our privacy policy. Unlike a lot of other offers, we are not trying to sell you anything and you will never receive pressure from us to buy a product. We will send you useful information on little known investments and trends like mining companies, biotech companies, AI companies, cryptocurrencies and other breaking information that could potentially move the markets. You can unsubscribe at any time.
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The cloud isn't always a soft landing... |
Did you hear about Salesforce's recent earnings report? It wasn't exactly a walk in the park. In fact, it was more like a slip on a banana peel, sending their stock price plummeting and taking the Dow Jones with it for a not-so-fun ride.
It turns out even the cloud can have its rainy days. Who knew software could be so dramatic? Maybe it's time for Salesforce to invest in some digital rainboots.
But hey, that's the market for you – always keeping us on our toes (and sometimes on our backsides). So, let's raise a glass (of water, of course) to the unpredictable world of finance and remember, even the giants can stumble. The key is to learn from their missteps and keep dancing to the market's tune. After all, a little rain never hurt anyone, right? |
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Tesla's High-Voltage Triangle: Charge or Discharge? |
Salesforce (CRM), once the golden boy of the cloud software world, is showing signs of wear and tear. While earlier this year it enjoyed the much-coveted "Golden Cross" – a bullish indicator where the 50-day moving average crosses above the 200-day – it seems the honeymoon phase is over.
The stock is now flirting dangerously with key support levels, tiptoeing around its 1-month low (271.62). But before you write it off, remember that Salesforce is still clinging to its long-term uptrend, buoyed by the 200-day moving average.
This creates a captivating technical conundrum. Is Salesforce merely taking a breather before its next ascent? Or is this the beginning of a downward spiral? The bearish MACD signals and recent spike in trading volume on down days add to the intrigue. Key levels to watch: Resistance: 1-month high (289.96) Support: 1-month low (271.62), pivot point (266.15), additional supports (249.87 and 226.86)
Keep an eye on those volume shifts and momentum indicators like the RSI and MACD. They might just whisper the next chapter in Salesforce's story. And who knows, this drama might even offer clues about the broader market's direction. After all, as Salesforce goes, so goes the cloud? |
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$25,000 into $109,616 in two months? |
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By clicking the link above you agree to periodic updates from The TradingPub and its partners (privacy policy) |
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The Market's Split Personality: "Either/Or" Returns
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It appears the market has rediscovered its split personality. We're seeing a resurgence of the "Either/Or" trend, where some stocks rise while others fall, creating a landscape of winners and losers. Last week's market action, where declining stocks rallied and index leaders slumped, confirmed our suspicions.
But the million-dollar question is: Will this trend continue, or are we about to witness a role reversal? Could we see broader market gains while the major indexes take a breather or even decline? It's not out of the question, especially considering the market's current oversold state. However, don't anticipate a dramatic surge like the one we saw in April.
Investor sentiment, while not overtly bearish, has shifted to a more cautious stance. Bulls are retreating, as evidenced by the drop in the AI bull ratio. Yet, the bears haven't exactly taken charge, either. It's a stalemate for now.
A glimmer of hope comes in the form of positive divergences, with fewer stocks reaching new lows recently. This subtle shift suggests that the selling pressure might be easing. However, before we declare a full-fledged recovery, we need more evidence of sustained rallies. A short-term bounce isn't enough to convince us that the market is ready to take off again.
This pattern of selective gains and losses aligns with the broader market sentiment we've observed today. With investors on edge about inflation and the Fed's next move, it's no surprise that some sectors are outperforming while others struggle. The market, it seems, is still searching for its footing.
As always, it's important to remain vigilant and adaptable. While the "Either/Or" market presents challenges, it also offers opportunities for those who can identify the winning sectors and stocks. By understanding the nuances of this trend, we can make informed decisions and potentially profit from the market's split personality. |
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Earnings Season Wraps Up, All Eyes on PCE
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Earnings season is winding down with a mix of winners and losers. American Eagle Outfitters disappointed with softer revenue, while Best Buy and Birkenstock soared on strong quarterly results. HP Inc. also impressed with better-than-expected earnings, sending its stock up 17%. Kohl's, however, suffered a significant drop after missing forecasts and cutting its full-year guidance. Meanwhile, PayPal got a boost from Mizuho's upgrade, citing positive e-commerce trends. While mega-caps like Nvidia and Microsoft drove most of the S&P 500's earnings growth in the first quarter, communication services and technology sectors led the charge. However, healthcare, materials, and energy companies lagged behind.
Now, all eyes are on Friday's Personal Consumption Expenditure (PCE) report, the Fed's preferred inflation gauge. Investors are eager to see if the recent dip in CPI signals a broader cooling of inflation. The annual core PCE rate, currently above the Fed's 2% target, will be closely watched.
The PCE report will likely influence the Federal Open Market Committee's (FOMC) upcoming meeting, and while no rate changes are expected in June, any updates to the Fed's outlook could impact market direction.
On the economic data front, the revised first-quarter GDP estimate met expectations at 1.3%, and the GDP price deflator eased slightly. Weekly jobless claims remained steady, reflecting a stable labor market. Key Takeaways:
Earnings Season Takeaways: While the earnings season showcased some strong performers, it also highlighted vulnerabilities in certain sectors. Inflation Focus: The PCE report is critical for understanding the inflation trajectory and potential Fed actions.
Economic Data: Recent economic data has been largely in line with expectations, suggesting a steady, albeit somewhat subdued, economic environment.
As the market awaits the PCE report and the FOMC meeting, investors should remain vigilant and prepared for potential volatility. Diversification across sectors and asset classes could be a prudent strategy to mitigate risk in this uncertain landscape. |
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MARKET MUSINGS & TIME CAPSULE |
Random Musings In the "Either/Or" market, it's like choosing your fighter in a financial Mortal Kombat. Will you side with the resilient retailers or the bruised tech titans? Choose wisely, Trendsters!
Earnings season is like a box of chocolates – you never know what you're gonna get. Sometimes it's a sweet surprise (Best Buy, we're looking at you), and other times it's a bitter disappointment (sorry, Kohl's).
The Fed's obsession with the PCE report is like a love affair with a complex algorithm. It's complicated, but it holds the key to their heart (and our wallets). If Salesforce's stock price were a weather forecast, it would be "partly cloudy with a chance of thunderstorms." The "Either/Or" market is a reminder that diversification is key. Don't put all your eggs in one basket, unless you're really confident in your omelet-making skills. On this day in history, May 31 1889: The Johnstown Flood devastated Pennsylvania, claiming over 2,200 lives. A tragic reminder that even the strongest structures can crumble under unexpected pressure. 1910: The Union of South Africa was established. A testament to the power of unity, even in the face of division. 1935: The first can of beer was sold in the United States. While not directly related to the market, it's a reminder that even during tough economic times, people find ways to celebrate. 1961: South Africa became a republic and left the Commonwealth. A demonstration that even established alliances can shift and change. 1962: Adolf Eichmann, a key figure in the Holocaust, was executed in Israel. A somber reminder of the importance of accountability and justice. |
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Don't Panic, It's Just the Market Doing the Cha-Cha Slide |
As we close out today's newsletter, remember the wise words of Will Rogers: "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."
While the "Either/Or" market may seem like a dance with two left feet, it's important to keep a cool head and a keen eye on the fundamentals. Like any good dance, the market has its rhythms and patterns. By staying informed and adaptable, you can learn the steps and avoid getting tripped up.
So, keep your investment strategy well-rehearsed and your portfolio diversified. And remember, even when the market seems to be doing the cha-cha slide, a little patience and perseverance can lead to a standing ovation. |
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Disclaimer:
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