How much weight should we put on the fact that the S&P 500 index powered above its 200-day moving average this week? If history is any indication, then this is actually a fairly momentous occasion. Unless it’s a repeat of March 2022, in which case we’re obviously poised for a push to new lows any minute now. To be clear, any signal considered bullish or bearish is based on the average reaction back through the history...
We typically have a song or two in my head. After all, watching ticks is musical and has a lot of different beats. And typically, those songs turn into parodies. For this past week, the first song was sealed in our brains after Tesla’s extraordinary run. And then again after Friday’s PCE (Personal Consumption Expenditure) numbers were released. Core PCE excludes food and energy. PCE includes health care, education, haircuts, hospitality and more, accounts for...
In this week’s edition of Moxie Indicator Minutes, TG notes that there is a lot of negativity out there and concern about the effects the economy will have on the market. Yet GDP has come in strong, and many names have been basing, and some other names have been quietly rising too. Lets take a look around the higher timeframe charts and see what they say. Keep your mind open. This video was originally broadcast...
David DePape, Paul Pelosi’s attacker, told police that he intended to hold former House Speaker Nancy Pelosi hostage and question her over what Democrats had done to President Trump. If she had lied, he intended to break her kneecaps, newly released audio of police questioning obtained by Fox News Digital shows. DePape, 42, used a hammer to attack Paul Pelosi, 82, last October in his San Francisco home. Paul Pelosi underwent emergency surgery on a fractured...
FIRST ON FOX: Lawmakers in Texas are going after ‘rogue’ prosecutors who they say refuse to enforce state laws for certain crimes or prosecute certain defendants by threatening to have them removed from office or subject to an investigation. State Sen. Mayes Middleton, a Republican, filed a bill in the state Legislature Friday that would require district attorneys to go after suspected criminals and prosecute their alleged crimes. It would also give state Attorney General...
Embattled GOP Rep. George Santos rose on the House floor Friday to deliver a one-minute speech for Holocaust Remembrance Day. The speech came after Santos admitted to fabricating parts of his background, including his education, work experience and his supposed Jewish heritage. ‘Let this day serve as a reminder that we must honor the victims and survivors. We must also pay tribute to the liberators who rescued millions of people who nearly fell victim to...
President Biden spoke with the family of Tyre Nichols on Friday and commended the family’s ‘courage and strength’ during a phone call. Biden made the call on Friday as Memphis officials are expected to release body camera video of the traffic stop that would lead to Nichols’ death. The family has already had the opportunity to view the video. ‘President Biden spoke with Mrs. RowVaughn Wells and Rodney Wells, Tyre Nichols’ mother and stepfather, this...
The Michigan Legislature will set aside $200 million out of about $1 billion in spending for a paper mill in the Upper Peninsula, while also setting aside more money for the state’s economic development fund. The legislation, which was passed late Thursday night by the new Democratic-controlled Legislature, includes a $946 million spending plan and an additional $146 million to close out last year’s budget, bringing the total spending to nearly $1.1 billion. Nearly $200...
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the outperformance in Growth stocks and which areas are poised to trade higher. She also highlights the key driver of these and other stocks which are on the move. This video was originally broadcast on January 27, 2023. Click on the above image to watch on our dedicated MEM Edge page on StockCharts TV, or click this link to watch on YouTube. You can also watch on our on-demand website, StockChartsTV.com,...
When concerns of a recession are front and center, investors tend to pay more attention to the Gross Domestic Product (GDP) report. The Q4 2022 GDP report showed the U.S. economy grew by 2.9% in the quarter, and Wall Street wasn’t disappointed. The day the report was released, the market closed higher, with the Dow Jones Industrial Average ($DJIA) up 0.61%, the S&P 500 index ($SPX) up 1.1%, and the Nasdaq Composite ($COMPQ) up 1.76%....
