Market Review: February 26, 2024

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Closing Recap Monday, February 26, 2024 Index Up/Down % Last DJ Industrials -62.23 0.16% 39,069 S&P 500 -19.27 0.38% 5,069 Nasdaq -20.57 0.13% 15.976 Russell 2000 12.34 0.61% 2,028                   U.S. stocks bounced between small gains and losses, falling not far from recent all-time price levels last week for the S&P 500, … Read More

Mid-Morning Look: February 26, 2024

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Mid-Morning Look Monday, February 26, 2024 Index Up/Down % Last DJ Industrials 75.04 0.20% 39,207 S&P 500 2.30 0.05% 5,091 Nasdaq 38.19 0.24% 16,035 Russell 2000 10.10 0.50% 2,026     U.S. stocks up slightly to kick off the week, with the S&P 500 (SPX) flattish, holding below the 5,100 level while the Nasdaq and Dow edge higher and the … Read More

Morning Preview: February 26, 2024

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Early Look Monday, February 26, 2024 Futures Up/Down % Last Dow -31.00 0.08% 39,158 S&P 500 -0.25 0.01% 5,101 Nasdaq 9.50 0.05% 18,000     U.S. futures are mixed/to little changed as we kick off the new trading week. Stocks finished higher last Friday, now rising 15 of the last 17 weeks as upside momentum since the end of October … Read More

Market Review: February 23, 2024

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Closing Recap Friday, February 23, 2024 Index Up/Down % Last DJ Industrials 62.42 0.16% 39,131 S&P 500 1.77 0.03% 5,088 Nasdaq -44.80 0.28% 15,996 Russell 2000 2.85 0.14% 2,016                   U.S. stocks were mixed on Friday but still coasted to weekly gains for the S&P 500, Dow, and Nasdaq Composite, rising the … Read More

Daily Commentary: February 23, 2024

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Stay Long – Take Gains If You See This Posted by Pete Stolcers on February 23 www.oneoption.com A buying climax could be setting up. If that happens we could see substantial gains, but the backside will be nasty. Here’s what to watch for. PRE-OPEN MARKET COMMENTS FRIDAY – The market is making a new all-time high and the “dip” was … Read More

Mid-Morning Look: February 23, 2024

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Mid-Morning Look Friday, February 23, 2024 Index Up/Down % Last DJ Industrials 180.04 0.47% 39,251 S&P 500 19.14 0.38% 5,106 Nasdaq 30.93 0.19% 16,071 Russell 2000 -8.42 0.42% 2,005     U.S. stocks in unchartered territory, with the Nasdaq holding above 16,000 thanks to likes of NVDA, META, AMZN and other large caps, while the S&P 500 rises and holds … Read More

Weekly Event Calendar: 02/26/2024 – 03/01/2024

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What’s on Tap Weekly Calendar   Monday February 26th Economic Calendar:  10:00 AM ET                New Home Sales M/M for January 10:30 AM ET                Dallas Fed Manufacturing for February 1:00 PM ET                   US Treasury to sell $60B in 2-year notes. 1:00 PM ET                   US Treasury to sell $61B in 5-year notes. Earnings Calendar: Earnings Before the Open: AMR ASUR BCRX CCO DPZ ELAN FIS FRPT … Read More

Morning Preview: February 23, 2024

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Early Look Friday, February 23, 2024 Futures Up/Down % Last Dow 40.00 0.10% 39,163 S&P 500 1.00 0.02% 5,098 Nasdaq -15.00 0.09% 18,032     U.S. futures are little changed, as S&P futures (Spuz) trade in a tight 12-point range overnight (5,104.25 high and 5,092 low), last flattish just under 5,100 as major averages look to finish the week with … Read More

Daily Commentary: February 22, 2024

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New All-time Market High Posted by Pete Stolcers on February 22 www.oneoption.com We’ve been waiting to see which scenario plays out and we have our answer. This was a compression near the previous high. Here’s the game plan. PRE-OPEN MARKET COMMENTS THURSDAY – The FOMC minutes did not sour the mood and Nvidia reported excellent earnings. The market is making … Read More

Market Review: February 22, 2024

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Closing Recap Thursday, February 22, 2024 Index Up/Down % Last DJ Industrials 456.87 1.18% 39,069 S&P 500 105.22 2.11% 5,087 Nasdaq 460.75 2.96% 16,041 Russell 2000 18.60 0.94% 2,013                   U.S. stocks soared on the open, especially technology related stocks after the earnings beat/raise results from “AI” poster child and semiconductor chip … Read More