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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016 -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (344)	3/9/2021 8:56:07 AM
From: rimshot	Read Replies (1) \| Respond to of 1118

index Futures trade higher as investors buy tech and yields decline t.co * briefing.com update before the cash market open - Tuesday March 9, 2021 09-Mar-21 07:56 ET Futures trade higher as investors buy tech and yields decline S&P futures vs fair value: +34.10. Nasdaq futures vs fair value: +249.00. The S&P 500 futures are up 34 points and trade 0.9% above fair value, as investors buy the dip in the technology stocks amid a downturn in Treasury yields. The Nasdaq 100 futures trade 2.0% above fair value after the tech-heavy index closed in correction territory yesterday. The 10-yr yield has dropped seven basis points to 1.53% amid renewed demand and growing talk on Wall Street that the recent run-up in yields should stabilize. The 2-yr yield is up one basis point to 0.16%. The U.S. Dollar Index is down 0.3% to 92.03. WTI crude is up 0.5% to $65.42/bbl. Shares of Apple (AAPL 118.79, +2.43, +2.1%) are indicated higher by 2% after the stock closed 20% off its all-time high yesterday, and shares of Tesla (TSLA 593.99, +30.99, +5.5%) are indicated higher by 5.5% after the stock closed 37% off its all-time high yesterday. Big declines like these are being viewed as buying opportunities right now despite all the love value stocks have gotten in recent months. Value stocks are still trading higher in pre-market action, evidenced by the modest gain in the iShares Russell 1000 Value ETF (IWD 149.14, +0.46, +0.3%), but they are the relative laggards this morning. Separately, the NFIB Small Business Optimism Index increased to 95.8 in February from 95.0 in January. No other economic data of note will be released today. In U.S. Corporate news: Stitch Fix (SFIX 52.89, -15.63): -22.8% after missing revenue estimates, although it did beat EPS estimates. SFIX was downgraded to Hold from Buy at Deutsche Bank. Dick's Sporting Goods (DKS 70.16, -6.52): -8.5% despite beating top and bottom-line estimates and guiding FY22 EPS and revenue above consensus. Casey's General (CASY 200.00, -2.21): -1.1% despite beating earnings estimates. Home Depot (HD 261.00, +1.97): +0.8% after the stock was initiated with a Buy rating at Citigroup. Reviewing overnight developments: Equity indices in the Asia-Pacific region ended Tuesday on a mixed note. Japan's Nikkei: +1.0% Hong Kong's Hang Seng: +0.8% China's Shanghai Composite: -1.8% India's Sensex: +1.2% South Korea's Kospi: -0.7% Australia's ASX All Ordinaries: +0.4%. In economic data: Japan's Q4 GDP 2.8% qtr/qtr (expected 3.0%; last 5.3%); 11.7% yr/yr (expected 12.7%; last 22.9%). Q4 GDP Capital Expenditure 4.3% qtr/qtr (expected 4.1%; last -2.4%). January Household Spending -7.3% m/m (expected -3.1%; last -1.6%); -6.1% yr/yr (expected -2.1%; last -0.6%). January Overall Wage Income -0.8% yr/yr (last -3.0%) Australia's February NAB Business Confidence 16 (last 10) New Zealand's Q4 Manufacturing Sales Volume 0.5% qtr/qtr (last 17.2%) In news: Chinese stocks retreated despite reports of intervention from state-backed funds. Japan reported weaker than expected growth for Q4 while January income and spending figures also underwhelmed. South Korea will reportedly extend eased liquidity coverage ratio requirements for banks through September. Major European indices trade in the green. STOXX Europe 600: +0.6% Germany's DAX: +0.3% U.K.'s FTSE 100: +0.6% France's CAC 40: +0.3% Italy's FTSE MIB: +0.4% Spain's IBEX 35: +0.6%. In economic data: Eurozone's Q4 GDP -0.7% qtr/qtr (expected -0.6%; last 12.4%); -4.9% yr/yr (expected -5.0%; last -4.3%). Q4 Employment Change 0.3% qtr/qtr, as expected (last 1.0%); -1.9% yr/yr (expected -2.0%; last -2.3%) Germany's January trade surplus EUR22.20 bln (expected surplus of EUR16.40 bln; last surplus of EUR16.40 bln). January Imports -4.7% m/m (expected -0.5%; last -0.1%) and Exports 1.4% m/m (expected -1.2%; last 0.4%). January Current Account surplus EUR16.90 bln (last surplus of EUR25.90 bln) France's Q4 nonfarm payrolls -0.1% qtr/qtr (last -0.2%) Italy's January Industrial Production 1.0% m/m (expected 0.7%; last 0.2%); -2.4% yr/yr (expected -4.2%; last -1.6%) In news: The Bank of France expects slight positive growth in the domestic economy in Q1 with 2021 growth reaching at least 5.0%. German Chancellor Merkel acknowledged that pandemic-related spending will have a long-term impact on the public budget.

To: rimshot who wrote (344)	3/10/2021 7:32:34 AM
From: rimshot	Read Replies (2) \| Respond to of 1118

daily chart displaying the overall technical context in which the $SPXEW printed a new all-time record price high on Monday March 8, 2021 stockcharts.com $SPX daily closes chart for priority vigilance of all chart elements - stockcharts.com "SCH metric" for SPY, $SPX, $VLE, $NYA and $COMPQ daily charts shown below with settings used for many years by an astute technician - * for the bullish case to actually possess upward Staying Power requires the ROC25 5-day EMA to reside above the 55-day EMA and also reside above the ROC zero line on a lasting basis SPY, $SPX, $VLE, $NYA and $COMPQ daily charts - stockcharts.com stockcharts.com stockcharts.com stockcharts.com stockcharts.com $SPX daily designed by the astute technician for directional bias confirmation purposes - stockcharts.com SCH explained by him, February 2009 - The calculation for "SCH" is as follows: SCH = 25 day ROC (rate of change) of SPX (or any index) smoothed by 5, 8, or 13 ema. For very long-term assessment us the 55, 89, and 144 ema There are many ways to use it, 8 & 13 crossover, crossover of 50-day ma & or 200-day ma, etc. 25-day ROC is half of the 50-day & 1/4 of the 200-day