Below are highlights from the NDW Morning Update Video for the morning of 07/28.
Below are highlights from the NDW Morning Update Video for the morning of 07/28. Access the the video on the NDW Morning Update Video page.
- Major names we typically look at were positive over yesterday’s roll. SPXEWI gained roughly .075% for the day, outperforming the cap weighted S&P 500 handedly as it was roughly flat for the day.
- Crude declined 7.5%. The Nasdaq 100 (NDX) fought back to nearly flat for the day after a somewhat wild trading session that saw it open positive, swinging sharply lower before drifting back towards even for the day. NDX trades on a string of three consecutive sell signals and its series of lower highs should be monitored very closely.
- Crude continues to flirt with an apparently important level in the low $80’s. It trades well off 2026 highs around $120…. But remains volatile and largely dependent on headline developments around the Middle East.
- Gold (GC/) and long-duration fixed income (TLT) moved higher yesterday, although both spaces remain points of relative weakness within their respective asset class.
- Many names have shown some interesting technical developments around earnings. WYNN returned to a buy signal but shows all the signs of a “failed breakout”- don’t be fooled by this low attribute name. GLW slumped nearly 20% in pre-market trading on 7/28 on weak guidance. KO picked up ~4% on strong guidance, it remains a technically appealing as it trades on a series of buy signals.
- Lots of names are reporting over the next few days. The likes of AMZN, META, AAPL, MSFT, LRCX, MA, etc. are all reporting on either 7/29 or 7/30. Watch the charts for further developments.
