STOCK MARKET WATCH: Tuesday, 27 February 2024

[Tansy_Gold]

STOCK MARKET WATCH: Tuesday, 27 February 2024

Previous SMW:
SMW for 26 February 2024



AT THE CLOSING BELL ON 26 February 2024


Dow Jones 39,069.23 -62.30 (0.16%)
S&P 500 5,069.53 -19.27 (0.38%)
Nasdaq 15,976.25 -20.57 (0.13%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

A jinx is the child of superstition, and ball-players are among the most superstitious persons in the world, notwithstanding all this conversation lately about educated men breaking into the game and paying no attention whatever to the good and bad omens. College men are coming into both the leagues, more of them each year, and they are doing their share to make the game better and the class of men higher, but they fall the hardest for the jinxes. And I don’t know as it is anything to be ashamed of at that.

Christy Mathewson. Pitching in a Pinch or, Baseball from the Inside. G. P. Putnam's Sons. © 1912.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. I'm not seeing earnings momentum right now

Every time I read a recommendation for a stock, there's bad news or mediocre earnings straight ahead. THis has happened to me 3 or 4 times over the last month or so. Not that I made these plays, but I did read the news and check back a few days later. GOOGL, TDOC two prime examples. And after the first of the year it was written XOM had stellar earnings as far as the eye could see. It jump to 106 and is still in the 100-104 range.

The market pauses 2 days, then Tech rally 300+ per day. This is topping action in my view. The earnings are in Tech and AI, the rest are flagging or slowing down. Defensive stocks are idling. KHC, CAG. But WMT and MCD are recovering nicely. I did buy PFE to trade options against. It is way way down from highs last year. Never thought to see it at 27 again. Not much risk to me when selling calls twice a month.