Fed Chief Powell announced the latest rate hike and Wall Street wasn't exactly cheering it on. Tom highlights the key short-term support and resistance to watch in order to determine which way U.S. equities are heading. After discussing a few EarningsBeats.com ChartLists, Tom wraps up with a few earnings reports from Wednesday and the 3 You Must See.
Tom discusses various inflation scenarios and how that might affect U.S. equities. Also in the midst of a 2-day Fed meeting, the extreme volatility ingredients are in place over the next 36 hours for what could be a significant move in either direction. Tom reviews the positioning of sectors he...
Tom highlights critical areas of price, gap, and moving average support on both the S&P 500 and NASDAQ 100. He discusses the unusually high put call readings and their significance, before wrapping up the show with key earnings and the 3 You Must See.
Tom explains that Monday's selling, while obviously never good, hasn't created any technical issues....yet. He highlights a few key levels to watch on any further weakness. Tom provides examples of several leading stocks from Monday, before wrapping up the show with a quick earnings report and ...
