20250409 - Picking up the pieces

 

ES/NQ/YM putting in double bottoms at defined levels - Watch to go sideways

Observation

Vanguard front ran my VIT buy at market price

Begin to place limit orders

Check out IEX who beat the HFTs

News Bites:

90 Day pause on Tariffs

Walmart & Amazon reaffirmed their guidance and believe they'll weather the tariffs.

Deltek (AI) reports growth has stalled

Healthcare not rallying (rumors of tariff war on pharma)

BAC - 52 week low

F - 52 week low - Downgraded to underperform

McDonalds is useing Google Cloud AI for upgrading performance

Bonds 

Lots of volatility

2-3 Years at 3%

Utilities & Energy down

Starbucks: Reached lower strong price point.   New CEO with back to basics approach

Keurig & Dr Pepper upgraded to overweight.   Charts are mixed

2025 - Bottoms?

Good morning, the overnight & weekend Dow, S&P, and Nasdaq has:

1)  hit the 50% pullback we spotted a few weeks ago.   

2) It  also (finally) is near, and in some cases met, the 50 month moving average….   

3) Thirdly, price in the three indexes appears to have plopped into what my eyeball judges as a reasonable structural volume….    

We’re at the three targets I saw and would imagine seeing some sideway as things get caught up.    

Squinting - There appears small gaps in the weekly around December (post election rally) that might be a point revisited.

It’s Monday…..

ES

 

NQ

YM