Daily Market Wisdom with Nick Santiago

1. Markets gapped up at the open and now they’re. While everyone is giddy about the Apple (AAPL) it’s only 50 cents, it was a gap and crap. It’s still not making a new high. Watch and learn grasshopper. Facebook (FB) earnings were stellar and they’re up $17 per share, making a new high, nearing parabolic territory. You should note that the 10-year yield is up again. Yields on the 10-year U.S. Trea...

1. Earnings season is underway and the big boys are reporting this week. Alphabet (GOOG) is up 5% and Microsoft (MSFT) is down 3%, both reported last night. There are many other stocks reporting earnings this week that will be in focus. Apple (AAPL) and Facebook (FB) will report this afternoon.  The major stock indexes are basically flat and seem to be treading water at this time. Volume is a key...

1. We have a mixed market today with no major moves in the indexes. Winner of the day is the Russell, slightly up. This week is really all about earnings. Today, we are seeing Tesla (TSLA) lower by 3.3% after their earnings announcement. This is not having any major effect on the market though. On the flip slide, United Parcel Service (UPS) is surging after earnings and this is helping the transpo...

1. This morning, the major stock indexes are slightly higher to start the week. The trading volume is very light so far. A lackluster session. m  This is a big week for earnings, especially for the mega-cap tech stocks. Microsoft (MSFT) and Alphabet (GOOG) report tomorrow afternoon. Apple (AAPL) and Facebook (FB) report Wednesday afternoon. Then Amazon (AMZN) reports on Thursday.  There is also a...

1. Yesterday afternoon, the major stock indexes sold off after President Biden announced a major hike on the capital gains rate. The news reported in the media was for the capital gains rate increasing to 43.4%  from the current 20% rate for people making over $1 million. That is a dramatic increase if it is implemented. We are really still waiting for more details, but it is safe to say taxes are...

1. The markets are pulling back a little this morning as we start the day. Earlier today, the Weekly Initial Jobless Claims reported 547,000 new claims, this was below the prior week's revised count of 586,000. Continuing claims fell to 3.674 million from a revised count of 3.708 million. So while this is trending in the right direction, it is just really slow going. Quiet flat day today with some...

1. Markets rebounded after a 2-day pullback. Again, the Dow Jones Industrial Average(DJIA) looks to be leading the major indexes. As I have said before, when the DJIA leads the markets higher I think it is a time for concern. Volume was decent but not heavy. Good day for the Russell 2000. Money goes to the Dow to be parked, not to grow. Earnings season is underway and Netflix (NFLX) was the first...

1. The major stock indexes are coming under a little selling pressure this morning for the second consecutive session. Earning season is underway and so far, the bright spot for the market has been IBM. Believe it or not, shares of IBM are up 4.7% today after reporting earnings. Later today, Netflix (NFLX) reports earnings after the close.  2. Today, it looks as if Boeing (BA), Goldman Sachs (GS)...

1. This morning, the major stock indexes are under a little pressure to start the week. The volume is still light right now so we do not want to make too much out of it at the moment. Earnings season kicks into full gear this week, so a lot of the focus will be on the earnings that get released.  Russell under pressure and starting to show signs of distribution. Down 1.75%. Overall on the weaker s...

1. This morning, the major stock indexes are under a little pressure to start the week. The volume is still light right now so we do not want to make too much out of it at the moment. Earnings season kicks into full gear this week, so a lot of the focus will be on the earnings that get released.  Russell under pressure and starting to show signs of distribution. Down 1.75%. Overall on the weaker s...

1. The markets are in rally mode today with the Dow leading the charge. Russell is flat. Basically, as long as the volume trends remain light we must give the markets the upside bias at the moment. Once high volume returns then it will be the warning sign that things are changing. This Friday is options expiration so do not expect markets to just go straight up, there could be some whipsaw into th...

1. The markets are in rally mode today with the Russell 2000 Index (IWM) leading the charge. Basically, as long as the volume trends remain light we must give the markets the upside bias at the moment. Once high volume returns then it will be the warning sign that things are changing. This Friday is options expiration so do not expect markets to just go straight up, there could be some whipsaw int...

1. We are looking at a mixed session today. The Russell 2000 index (IWM) is weak again this morning down .2, but the tech heavy NASDAQ Composite is strong. A lot of this week's action has to do with options expiration that is this coming Friday. Often, throughout the week we will see  a lot of equities that have been trending higher pullback and many that have been weak rally up a little bit. Reme...

1. This coming Friday is options expiration for the month of April. As many of you know by now, this is a week of institutional game playing by the large institutions. Remember, the big boys have an agenda where they want to place stocks this week, especially in the popular names. Traders should also watch for a lot of rumors and ridiculous upgrades and downgrades this week. Volume has fallen off...

1. This is another very quiet session so far today. All of the major stock indexes are trading basically flat. The volume trends are very light and that could be how we go into next week.   Next week is the start of earnings season. JP Morgan (JPM) and a lot of the other leading financial stocks will report earnings starting on April 14th. Next week is also options expiration for the month of Apri...

1 This morning, we have a mixed session, trading is quiet. The tech heavy NASDAQ Composite is the big winner as yields on the 10-year note pullback. The Russell 2000 Index (IWM) is weak again trading lower by 0.58%. The Russell 2000 Index which represents small cap stocks in the United States looks to be lagging the major stock indexes now. This is a very good leading indicator so it should be fol...

1. We are looking at a very quiet market today. The major stock indexes are basically on the flat side. Later today, the Federal Reserve will release it's FOMC minutes at 2:00 pm ET. These minutes are from the last FOMC meeting. I'm not sure this will be a market moving event, but traders and investors seem to like to hear what the central bank had to say. It should be noted that  these minutes ar...

1. The major stock indexes are basically flat today. This kind of move is common after a big rally like we saw yesterday. The bottom line, the central banks around the world are propping the markets up and they are not going to stop. It will take an event in the market for them to change course. I'm not sure what that event or catalyst will be, but it is coming. Last week, a major hedge fund blew...

1. The major stock indexes are trading higher this morning as we come back from a 3-day weekend. Last Friday, the BLS released the non-farm payroll report for the month of March. The number was better than expected with 916,000 new jobs. The biggest job gains were in hospitality and construction. This makes some sense since there have been many states that have reopened. If the Fed keeps the pedal...

1. This morning, the markets are trading higher across the board. The tech heavy NASDAQ Composite is leading the major stock indexes higher as yields pullback on the 10-year note. This is a holiday session so we expect the volume to be a little on the light side today. 2. Yesterday, the $2.2 trillion infrastructure plan was revealed by President Biden. The corporate tax rate will increase to 28%....

1. This is the final trading session of the quarter. We usually call this window dressing when the markets rally higher into the end of the quarter. Today, the NASDAQ Composite is showing early strength. It should be noted that the tech heavy NASDAQ Composite and NASDAQ-100 has been the weak index lately, but today it is strong. NASDAQ up 1.8%. Yields largely unchanged. 2. Later today, President B...

1. We are looking at a mixed market this morning. The Russell 2000 index is the lone winner so far, while the other major indexes are slightly negative. The Russell 2000 index (IWM) is likely higher due to a move higher in yields on the 10-year note and the 30-year U.S.Treasury bond. Remember, the Russell 2000 Index has a lot of exposure to small cap financial stocks which do better with higher yi...

1. As expected the markets rallied on Friday again. It was a powerful surge which tells me everyone has caught on to the 'Friday Effect' rally. When everyone knows the same thing now you have to be careful. Pretty major sell-off today. Markets are giving back. Being led by energy and Russell 2000 and financials too. Today, stocks are pulling back a little. over the weekend there was news out of Cr...

1. This has been a very choppy trading week. The major stock indexes caught a bid yesterday into the close. Today, the major stock indexes are up again to start the session. As you have said before, somehow we are always seeing a higher market on a Friday. It's strange, but people must really like to hold stocks into the weekend these days. Every Friday the markets happen to go higher for some rea...