Howling About U.S. Oil Production
Wolf Street howls about U.S. crude oil production.
Position: None
S&P Oscillator Is Still Overbought
The S&P Oscillator remains in the same narrow overbought range at 2.55% vs. 2.16%.
Position: Short SPY (VS), QQQ (VS)
A Key Observation
Higher stock prices yesterday on lower volume:
– NYSE volume 24% below its one-month average
– NASDAQ volume 35% below its one-month average
Position: None
Thursday’s After-Hours Advancers and Decliners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Closing Market Stats for Thursday
Closing Volume
– NYSE volume 24% below its one-month average
– NASDAQ volume 35% below its one-month average
– VIX index: down 6.27% to 15.84
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Semiconductors Lead, but the Chip Story Is Changing
Even as semiconductors continue to power the market higher, chip makers face a $1 trillion question.
Sticking With This Neostellar Price Target After Surprise $14 Million Update
A name and symbol change have turned some heads, but we found another significant surprise to consider.
Programming Note (Part Deux)
I have to drive to an out of town research meeting with a company and will be leaving for the day at about 2 p.m.
A headsup.
Positions: None
First Time, Long Time
Nvidia ($NVDA) is trading at $202.10. I am buying monthly puts for August.
Read “More Tales” for my rationale.
Note: The entire Halftime crew of panelists are long this name, with SLINK buying for the first time today.
Position: Long NVDA puts