- equities closed out a choppy Friday session modestly lower, with the S&P 500 slipping 19.23 points (-0.25%) to 7711.76 and the Nasdaq Composite shedding 138.93 points (-0.52%) to 26423.47, while the Dow Jones Industrial Average was essentially flat, down just 9.45 points (-0.02%) to 53559.99
- The session's tone was set by Fed Chair Kevin Warsh's Jackson Hole address, in which he emphasized that inflation remains above the Fed's 2% target and that price stability should be the central bank's predominant focus
- That hawkish messaging triggered a sharp repricing of September rate-hike odds — jumping to 57.5%-60% from roughly 35-40% the prior day — and sent Treasury yields higher across the curve, with the move most pronounced at the short end
- Cautious.
- What worked today: Continuation (2LYNCH) fired 10 signals led by defensives and…
- Equities are mixed and off their best levels heading into midday Friday,…
- As of 12:05 ET, the Dow Jones Industrial Average is up 85.45…
- Cautious.
- What's working: Continuation/2LYNCH scan is rich with 21 signals — healthy breadth…
- equity futures point to a lower open on Friday morning, with S&P…
- ET keynote address from Fed Chair Kevin Warsh at the Jackson Hole…
- MCK ($891.28): ATR multiple 2.62, 0 funds, undefined%
- LABU ($331.19): ATR multiple 3.04, 0 funds, undefined%
- SMMT ($14.33): catalyst 1d ago, +6.5% gap, RVOL 0.9
- CRCL ($94.24): catalyst 2d ago, +4.9% gap, RVOL 1.0
- CHRD ($145.99): +4.2%, RVOL 1.0, at_demand
- KEYS ($325.82): +1.2%, RVOL 0.9, between
- Technology stocks carried the major averages to a broadly positive session on…
- The Nasdaq Composite surged 411.16 points (+1.57%) to 26,562.40, the S&P 500…
- Cautious.
- What's working: Continuation (2LYNCH): 11 signals, D9M: 10, Reversal Bullish: 4, Darvas…
