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Thursday, August 18, 2022

Nasdaq Versus Commodities: This Ratio Suggest Critical Juncture Ahead  

With tech stocks tumbling in recent weeks amid surging inflation fears, at least the commodity sector appears safe from the global reflationary risk-off wave that swept across markets. Besides the ups and downs daily, the tech-laden Nasdaq Composite has been on a tear for the last five years. But since commodities began to outperform earlier…

Nasdaq Soars Back To Unchanged After Biggest Sell Program In History

Who could have seen that coming?Thanks to a few share buybacks (cough AMZN cough)......the Nasdaq is now in the green for the day...The Nasdaq puked down below its 100DMA this morning and this rip back higher has pushed it back up to that 100DMA resistance...The rebound occurred amid a massive wave of selling peaked -…

Nasdaq Crashes Through Critical Resistance, Gives Up March Gains

Things have accelerated south as the day wears on, with US equities all down hard led by a 2.5% plunge in big-tech.Nasdaa is now down almost 1.5% since the end of February (and down almost 5% from Monday's exuberant highs)...The losses sped up as Nasdaq broke below its 50-day moving-average......and is clinging to the 13,000…

“Nasdaq Whale” Beached: SoftBank’s Attempt To Corner Tech Stocks Leads To $3.7BN Loss

The last time we looked at SoftBank's performance in the public capital markets following the stunning news reported here first that it was the Japanese Conglomerate that had attempted to corner the Nasdaq using derivatives to create the biggest "gamma squeeze" on record which led to a massive late-August melt up in FAAMG names (and…

U.S. Stock Futures Surge Higher as Trump Outperforms Polls

U.S. equity futures prices jumped higher, Treasuries climbed, and the dollar gained against foreign currencies as results from the U.S. presidential election indicated that President Donald Trump was significantly outperforming poll numbers and could be on the way to winning a second term. Nasdaq 100 stock futures soared fast enough that they tripped a trading…

“Nasdaq Whale” Doubles Down: SoftBank Ups Tech Stock Holdings To $20 Billion

One month ago, when we first reported that SoftBank was the "Nasdaq Whale" responsible for the gamma meltup across some of the largest tech names which quickly led to marketwide levitation across the entire stock market - as the Japanese conglomerate was furiously buying call spreads in a generally illiquid market and forcing dealers who…

Nasdaq Imposes Restrictions On Chinese IPOs, Halting Futures Rally

In a move that anyone who has ever invested in a Chinese fraud stock (which one can argue are most of them) will argue is long overdue, late on Monday Reuters reported that the Nasdaq is set to unveil new restrictions on initial public offerings, in a move that will make it more difficult for…

Nasdaq, Dow, S&P Futures Surge Limit-Up, Erasing Trump Presser Melt-down

Another overnight session that reverses trend entirely from the day session... and another limit-up futures halt... Nasdaq futures are limit-up... once again... S&P futures are limit-up... And for context, Dow futures (are limit-up) have erased the late-day melt-down during Trump's presser, up almost 1000 off the lows...

Nasdaq Hits 9,000 for First Time Ever

Dec. 26 (UPI) — U.S. stocks surged higher Thursday as a year-end rally stoked by bullish economic news pushed the Nasdaq Composite index to 9,000 for the first time in its history. The S&P 500 also posted a fresh all-time high at 3,235.46 in late morning trading while the Dow Jones Industrial Average rose about…

Nasdaq Hits 9,000 For First Time Ever – Up 11 Days In A Row

The Nasdaq Composite is now up for the 11th day in a row and just topped 9,000 for the first time ever... This is the longest streak of gains since July 2009.

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