- Equity futures are down after SNAP guided lower yesterday afternoon
- Concerns over the macro backdrop continue to weigh on the market
- BBY is not as bad as feared, ZM is better than expected.
- I’m on Real Vision’s Daily Briefing today at the close
Thomas Thornton
Do Not Be A Tanya
- Equity indexes are rising sharply led by financials… yeah financials!
- Nasdaq is lagging with a weak consumer discretionary sector
- Thoughts on monetizing gains with a pathetic story
- I have some comments on crypto supporters
- Adding some more long exposure on the Trade Ideas Sheet
- A lot on this note so don’t miss it
Mid Morning May 23, 2022
- The S&P is leading today with financials and energy very strong
- Tech is up but the NDX is whippy and hard to make a call with any conviction right now
- No new Trade Ideas on this note as there are a lot on the sheet that are still actionable
First Call May 23, 2022
- US equity futures are up ahead of the open following Europe and most of the Asian markets
- The US Dollar is lower and the pullback developing over the last week is now accelerating
- I remain constructive on the equity makets
Commodity Weekly May 22, 2022
- Overall commodities have traded sideways after the Ukraine spike
- Energy has a weekly DeMark sell Countdown 13
- Metals need to hold this support and lack upside momentum
- More on grains, softs too
Currency Weekly May 22, 2022
- The main theme of US Dollar strength is being tested
- European crosses are trying to turn while sentiment doesn’t confirm it yet
- Yen strength also seen on the main Yen crosses