StockSight Trading Guide

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10/03/2022

Seems like a short term bottom is in.

[Pre-market Analysis] February 8thThe major stock indexes posted mixed action Monday. The Dow Jones Industrial Average e...
08/02/2022

[Pre-market Analysis] February 8th
The major stock indexes posted mixed action Monday. The Dow Jones Industrial Average ended unchanged, while the S&P 500 lost 0.4%. The tech-heavy Nasdaq composite slid 0.6% after reversing from solid gains.
Communication and technology companies were the biggest drag on the S&P 500. Energy and financial companies made solid gains. Travel-related companies also gained ground. Small-company stocks outpaced the broader market. Treasury yields were broadly lower.
In the current stock market environment, investors need to focus on companies with the best fundamentals in order to find the big winners this earnings season as they have another busy week reviewing the latest corporate report cards. Investors are still gauging the impact of rising inflation on businesses and consumers while remaining cautious about the Federal Reserve’s plan to fight inflation. Wall Street will get another key update on inflation Thursday with the Labor Department’s report on consumer prices for January.

[Pre-market Analysis] January 27thStocks fell on Wednesday after the Fed indicated it could soon raise rates for the fir...
27/01/2022

[Pre-market Analysis] January 27th
Stocks fell on Wednesday after the Fed indicated it could soon raise rates for the first time in more than three years. The Dow Jones Industrial Average fell 0.5%. The S&P 500 index retreated 0.15%. The Nasdaq composite closed just above break-even. Nearly all the S&P 500 sectors reversed lower on Wednesday while technology and financial sectors remained barely positive. Real estate and the commercial services sector fared the worst with losses of over 1.5% each. Definitely work on your watchlists, trying to find stocks that are setting up potential entries. Keep in mind that earnings season remains in full force, with a little fruit peddler by the name of Apple reporting Thursday night. Weekly jobless claims will be announced today.

[Pre-market Analysis] January 21stA late-afternoon sell-off wiped out gains for stocks on Wall Street Thursday and sent ...
21/01/2022

[Pre-market Analysis] January 21st
A late-afternoon sell-off wiped out gains for stocks on Wall Street Thursday and sent major indexes deeper into losing territory for the year. The S&P 500 fell 1.1%, the Nasdaq slipped 1.3%, and the Dow lost 0.9%. The sharp about-face for the broader market was once again directed by technology stocks. The less risky utilities sector was the only S&P 500 sector to close higher. Retailers and communications companies started out with gains but fell back in the afternoon. At this point, a market bounce wouldn't be a surprise, as various indicators suggest the indexes are oversold. It's far better to wait a few days to see if big institutions support a new rally attempt. Over the next week, major companies such as Apple and Netflix will announce their Q4 earnings results.

The pandemic has been a roller coaster for used-car giants Carvana (CVNA), and CarMax (KMX).Soaring used-car prices- sen...
14/01/2022

The pandemic has been a roller coaster for used-car giants Carvana (CVNA), and CarMax (KMX).

Soaring used-car prices- sent their share prices rocketing up until August. Since then the companies have seen their stocks hammered because they were having trouble getting enough vehicles to sell. Then, on Wednesday General Motors (ticker: GM) announced its plan to sell used-cars online in direct competition, sending the share prices of the used-car companies down some more.

[Pre-market Analysis] January 11thThe stock market posted some positive action Monday, as the Nasdaq snapped a four-day ...
11/01/2022

[Pre-market Analysis] January 11th
The stock market posted some positive action Monday, as the Nasdaq snapped a four-day losing streak and found support at its long-term 200-day line, up 0.05%. The Dow fell 0.45%, the S&P down 0.14%. Industrial stocks, banks and a mix of companies that rely on consumer spending accounted for a big share of the S&P 500's decline. Those losses were kept in check by gains in health care, technology and communication stocks.
Wall Street is closely watching the Federal Reserve for clues as to how soon it might raise interest rates. Higher interest rates make the stocks of expensive tech companies and other pricey growth companies less attractive to investors, which is why the sector has been slipping. Growth investors should be defensive at this point. As the new earnings season is on the way, the market begins to focus on fundamentals of companies. Mid- and long-term investors can continue to make plans for the market rally and preparations for earnings reports.

Summary of recent signal product yields ~ ~ Despite the turbulence in the market, our signals are still strong          ...
07/01/2022

Summary of recent signal product yields ~ ~ Despite the turbulence in the market, our signals are still strong

[Pre-market Analysis] January 4thWall Street got 2022 off to a solid start Monday with more record highs for the S&P 500...
04/01/2022

[Pre-market Analysis] January 4th
Wall Street got 2022 off to a solid start Monday with more record highs for the S&P 500 and the Dow Jones Industrial Average. The S&P 500 rose 0.6% and the Dow finished 0.7% higher. The Nasdaq composite rose 1.2%. Technology stocks, banks and a mix of retailers and other companies that rely on consumer spending accounted for a big share of the gains. Apple briefly hit a market cap of $3T – the first company in history to reach that milestone. Tesla stock climbed 13.53% and added about $144 billion to its market cap. Health and materials suffered most. Investors are hoping for a January effect, the tendency for markets to rise more than usual in the first month of the year. Some investors are taking a more cautious approach this year, weighing concerns such as inflation, interest rate hikes, and Omicron. ISM manufacturing index will be updated on today.

[Pre-market Analysis] December 28thThe stock market posted more strong gains Monday, as the major stock indexes extended...
28/12/2021

[Pre-market Analysis] December 28th
The stock market posted more strong gains Monday, as the major stock indexes extended their win streak to four sessions. The Santa Rally is in progress. The Dow advanced 1%. The S&P 500 and Nasdaq climbed 1.4% apiece. Technology companies led the gains, energy companies also did well as prices for crude oil and natural gas rose. Health care and financial stocks also helped lift the market. Airline stocks closed lower, as well as Chinese concepts stocks. Most big investors have closed out their positions for 2021, and are like to hold their ground until next week, hoping for a 'January effect,' the tendency for markets to rise more than usual in the first month of the year. Investors can buy top-rated growth stocks breaking out past correct buy points. The S&P Case-Shiller U.S. home price index will be released today.

[Pre-market Analysis] December 23rdOn Thursday, stocks rose for a second day after strong economic data helped ease inve...
23/12/2021

[Pre-market Analysis] December 23rd
On Thursday, stocks rose for a second day after strong economic data helped ease investor concerns. The Dow rose 0.7%, the S&P 500 index climbed 1%, with TSLA stock the benchmark index's top performer. And the Nasdaq composite popped 1.2%. Retailers and other companies that rely on consumer spending accounted for a big share of the gains. Technology and health care stocks also helped lift the market. The market assumes that the Omicron variant won’t derail the economy recovery. The stock market remains under pressure, which means investors should remain conservative with new buys. Thin trading around the holidays could bring more market volatility in the coming days. PCE inflation data and initial jobless claims will be released today. And the markets will be closed Friday in observance of Christmas.

[Pre-market Analysis] December 16thAll three major indexes and oil prices turned higher after the afternoon release of a...
16/12/2021

[Pre-market Analysis] December 16th
All three major indexes and oil prices turned higher after the afternoon release of a much-awaited Fed statement on Wednesday. The Dow rose 1.1% , the S&P 500 index jumped 1.6%, with LLY stock, AMD and Nvidia the three best performers. The Nasdaq composite leapt 2.15%. Defensive utilities sector was among top performers, while energy stocks fell hard. If the market rally continues to improve and more stocks flash buy signals, investors can keep adding exposure. There's no need to rush. There are still reasons to be cautious about this market rally. Initial jobless claims and Markit manufacturing PMI and service PMI will be released today.

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