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James DiGeorgia, Mr. Macro
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Morning Briefing

Wednesday, October 12, 2022 8:07 AM EDT

Morning Matters:

Weekly Chart of S&P 500
by Geoff Garbacz

The Weekly Displaced Moving Average (DMA) Channel (Yellow Band) sees the current price now below its channel as stocks are in sell mode. As such, bias moves from positive to negative on a weekly basis. More...

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Market Matters:

Stocks Are Higher Overnight Into Morning Ahead Of PPI at 8:30 a.m. EDT. FOMC Minutes At 2:00 P.M. EDT
by Geoff Garbacz

Overnight Summary: The S&P 500 closed Tuesday at 3588.84 (lower by -0.65%) from Monday at 3612.39 (lower by -0.75%). The overnight high of 3635.25 was hit at 2:50 a.m. EDT. The low was hit at 3596.25 at 8:15 p.m. EDT, a range of 39 points high to low which is below the recent range of 45. At 7:15 a.m. EDT, the S&P 500 was up +22.75 points which is 0.63%. More...

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Today's Superstock Investor Stock Scorecard:

Intel Corporation (INTC)
by Superstock Investor

Intel announced layoffs and separated chip design from production. The stock closed at $25.04. Finally, there is some value here. More...

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