Matthew Krumholz 
MARKETS TODAY May 8th, 2023 (Vica Partners) Last Friday, US Markets finished sharply higher, the S&P 500 +1.85%, DOW +1.65%, Nasdaq +2.25%. All 11 of the S&P 500 sectors gained, Energy and Financials outperformed. Yields rose, Oil >4% and Bitcoin >2%. In economic news, U.S. job growth picked up in April while wage gains increased. … Read more
MARKETS TODAY May 5th, 2023 (Vica Partners) Yesterday, US Markets finished lower, the S&P 500 -0.72%, DOW -0.86%, Nasdaq -0.49%. 9 of 11 of the S&P 500 sectors declines, Industrials and Financials led underperformed/ Utilities outperformed. On the upside, Yields rise and Oil and Bitcoin had modest gains. In economic news, US Productivity declined more … Read more
MARKETS TODAY May 4th, 2023 (Vica Partners) Yesterday, US Markets finished lower, the S&P 500 -0.70%, DOW -0.80%, Nasdaq -0.46%. 9 of 11 of the S&P 500 sectors finished lower, Energy -1.50% led decliners/ Healthcare outperformed. Gold +1.7% and Bitcoin +1.5 while Yields moved lower. The Fed hikes by 25bps to 5.25% but acknowledged inflation … Read more
MARKETS TODAY May 3rd, 2023 (Vica Partners) Yesterday, US Markets finished lower for a 2nd consecutive day, the S&P 500 -1.16%, DOW -1.08%, Nasdaq -1.08% and Yields fell. All 11 of the S&P 500 sectors were off on the day, Energy -4.19% sharply led decliners/ Defensives outperformed. Gold +1.74% and Bitcoin +2.09%. In economic news, … Read more
MARKETS TODAY May 2nd, 2023 (Vica Partners) Yesterday, US Markets finished lower S&P 500 -0.14%, DOW -0.14%, Nasdaq -0.11%. 6 of 11 of the S&P 500 sectors declined on the day, Energy -1.04% and Real Estate -0.86% underperformed/ Healthcare outperformed. Yields rose across the curve. In economic news, S&P 500 Global Manufacturing PMI increased (MOM) … Read more
A double bottom pattern is a technical analysis charting formation showing a major change in trend from a prior down move. Its bullish reversal pattern, because it signifies the end of a downtrend and a shift towards an uptrend. The double bottom pattern looks like the letter “W.” The twice-touched low is considered a support … Read more
MARKETS TODAY May 1st, 2023 (Vica Partners) Last Friday, US Markets finished higher with the 3 major Indices all returning a Weekly gain. The Nasdaq was up 1.3% over the past 5 days as Big Tech reported solid Q1 earnings while the S&P 500 was up 3% in the final two days with Exxon and … Read more
A double top is an bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. Often, an asset’s price will experience a peak, before retracing back to a level of support. It usually climbs before reversing back and regressing to mean … Read more
MARKETS TODAY April 28th, 2023 (Vica Partners) Yesterday, US Markets sharply rose as strong earnings reversed the early Week selloff. The DOW gained +500 points with Nasdaq/Tech leading advancers. All 11 of the S&P 500 sectors finished higher, Communications outperformed/ Energy lagged. Treasury Yields rose across the curve, Bitcoin jumped >4%. Overnight, Asian markets finished higher, … Read more
Head and shoulders is a chart pattern in which a large peak has a slightly smaller peak on either side of it. What its used for/ to predict a bullish-to-bearish reversal. What to look for/ the first and third peak will be smaller than the second, but they will all fall back to the same … Read more