Thursday, June 08, 2023 8:07 AM EDT
Morning Matters:
Weekly Charts Updated
by Geoff Garbacz
Each week we highlight charts below of the SP500, Russell 2000, NASDAQ Composite, EEM, TLT, HYG,LQD and recently GLD. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name/sector/asset class.
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Market Matters:
Futures Continue To Trade In a Narrow Range This Week.
by Geoff Garbacz
Overnight Summary: Thee S&P 500 closed Wednesday at 4267.52 lower by -0.38% from Tuesday at 4283.85 higher by 0.24%. The overnight high of 4295.50 was hit at 6:20 a.m. EDT. The low was hit at 4262.75 at 12:5 a.m. EDT, a range of ~13 points high to low which is the fourth low-vol night in a row. At 7:20 a.m. EDT, the current price was 4273 which is -0.02% and -1.00 points. The 10-day average of the overnight range is at 18.70 from 20. The average for May was 21.63.
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Today's Superstock Investor Stock Scorecard:
Amgen Inc. (AMGN)
by Superstock Investor
Today we continue to look at stocks in the Dow Jones Industrial Average. Next up is Amgen. Current price is $221.25.
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