What Moneyvest said in this video:
- Earningspositive for stockslong-termBank earnings have been good so far, suggesting solid US economic growth ahead and no dark clouds from a banking perspective.Source
- OtherneutralThe host holds a CSP/put position on GGLL that is doing very well, with GGLL up over 1.3%; he plans to close it for a profit before Friday.Source
- SOXLbullishlong-termThe host believes long-term money is still flowing into semiconductors, does not view it as a bubble, and is putting his own money into these areas.Source
- Market Breadthpositive for stocksMarket breadth keeps improving, with 60% of stocks back above their 20-day moving average, 38% above the 50-day, and almost half above the 200-day.Source
- Oil & EnergyneutralCrude oil is back up to almost $95 a barrel, and this level is turning back into support; the ~4.67% September rise will show up in the inflation report.Source
- Inflationneutralshort-termWhere oil and energy prices go, goods and services prices follow because almost everything is directly linked to oil and energy, pushing headline CPI expectations to roughly 3.6%.Source
- SPYneutralThe S&P 500 is very flat, with resistance around 7800 and strong support in the 7555 to 7600 zone.Source
- QQQneutralThe Nasdaq 100 ETF remains in a higher-high and higher-low pattern but is trading below resistance at 27,200, with support in the 26,000 to 26,750 area.Source