Oscillator Still Slightly Overbought
The S&P Short Range Oscillator remains slightly overbought at 1.47% vs. 1.84%.
Position: None
Thursday’s Closing Market Stats
Volume and VIX
– NYSE volume 7% above its one-month average
– NASDAQ volume 9% below its one-month average
– VIX index: up 1.48% to 17.16
Closing Breadth
Sectors
Gainers/Decliners
Nasdaq 100 Heat Map
Source: TheFly
S&P 500 Heat Map
Position: None
Thursday’s After-Hours Movers
Position: None
They Know Nothing
I won’t mince words.
If you all don’t now understand my criticism of Fin TV and their absence of analytical rigor/process and self-confident recommendations (among other faults), you might reconsider your view after this week’s earnings surprises.
Position: None
Howling About an Economy Running Hot
Wolf Street howls about the U.S. economy running hot.
Economy Is Running Hot on Strong Consumer Spending Growth & Massive AI Investment Boom | Wolf Street
Position: None
I Will Revisit GRNY on a Rally
Housekeeping item.
I have covered my $GRNY short at $27.38.
I plan to re-short on a rally.
Position: None
Reason for Market Drop?
Break in!
It has been reported that a tanker has been struck in the Strait. This likely explains the market’s drop to intraday lows.
Position: None
Cannabis Tweet of the Day (Part Deux)
Position: None
Another Marijuana Moment
Position: None
After-Hours Earnings for Thursday, Pre-Open Earnings for Friday
After-Hours Earnings Calendar for Thursday Oct. 29
Pre-Open Earnings Calendar for Friday Oct 30
Position: None