- equities are staging their best session of an otherwise difficult week, with the S&P 500 (7673.92, +82.22, +1.08%), Nasdaq Composite (26427.54, +324.77, +1.24%), and Dow Jones Industrial Average (52607.37, +543.27, +1.04%) all trading near session highs at midday
- The rally follows three consecutive losing sessions driven by surging oil prices and rising Treasury yields, and today's bounce is being fueled by a sharp pullback in crude — WTI is down roughly 3.2-3.3% to the $99/bbl area — after reports that Gulf states will meet with Iran on Monday to discuss reopening the Strait of Hormuz
- The August CPI report added a layer of complexity to the tape
- Cautious Bearish.
- What's working: Continuation/2LYNCH scan is moderately full with 10 signals; Delayed 9M…
- equity futures are pointing sharply higher this morning after the major averages…
- The S&P 500 fell 44.66 points (-0.6%) to 7591.70, the Dow shed…
- DAMD ($13.99): ATR multiple -1.25, 2 funds, undefined%
- AEHG ($8.20): ATR multiple -0.57, 0 funds, undefined%
- FSLY ($22.71): catalyst 1d ago, +5.7% gap, RVOL 1.3
- GME ($20.39): catalyst 1d ago, +5.3% gap, RVOL 1.7
- APP ($314.49): +3.1%, RVOL 0.9, at_supply
- TSM ($428.03): +-1.7%, RVOL 0.9, at_supply
- equities extended their skid to a third consecutive session on Thursday as…
- The Dow Jones Industrial Average fell 316.56 points (-0.60%) to 52064.10, the…
- Bearish.
- What's working: continuation setups thinned out (2LYNCH: 12 signals, D9M: 5, Reversal:…
- equities remained under broad pressure at midday Thursday, extending a difficult holiday-shortened…
- The S&P 500 traded at 7,596.14, down 40.22 points (-0.53%), the Dow…
- Cautious Bearish.
- What's working: Continuation/2LYNCH is the only rich scan with 9 signals (FICO,…
