Image Source:  During LSEG Lipper’s fund-flows week that ended May 8, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the third straight week, adding a net $36.4 billion.This past week, money market funds (+$24.5 billion), taxable bond funds (+$8.1 billion), equity funds (+$3.6 billion), municipal bond funds (+$1.1 billion), alternative investments funds (+$384 million), and commodities funds (+$81 million) reported inflows. After seeing their third largest weekly outflow on record, money markets have recorded three straight weeks of inflows.Mixed-assets funds (-$290 million) was the only group to suffer outflows.Actively managed equity (-$373 million) reported outflows for the seventh straight week and eighteenth week in 20, while passive equity funds (+$3.1 billion) have attracted new capital in 10 of the last 11 weeks.Actively managed fixed income funds (+$1.9 billion) saw their seventeenth weekly inflow over the past 20 weeks. Passive fixed income funds (+$7.2 billion) reported their highest inflow of the year and largest since week ended November 8, 2023.Spot bitcoin ETFs saw an inflow (+$81 million) a week after seeing their first outflow since the products launched—since debuting spot bitcoin ETFs have attracted nearly $11.0 billion. Index Performance At the close of LSEG Lipper’s fund-flows week, U.S. broad-based equity indices reported positive returns for the second week in three—the DJIA (+3.04%), Nasdaq (+4.47%), Russell 2000 (+3.78%), and S&P 500 (+3.37%) were all in the black. This marked the highest weekly return for the DJIA since the week ending November 16, 2022.The FTSE […]

100% technical buy signals 6 new highs and up 10.82% in the last month 132.48+ Weighted Alpha The Chart of the Day belongs to lab equipment company Kewaunee Scientific (). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 3 /4 the stock gained 26.97%.(Click on image to enlarge)KEQU Price vs Daily Moving Averages Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks. The company’s laboratory products are used in chemistry, physics, biology, and other general science laboratories in the pharmaceutical, biotechnology, industrial, chemical, commercial, educational, government, and health care markets; and technical products are used in facilities manufacturing computers and light electronics and by users of computer and networking furniture. It sells its products primarily through dealers, its subsidiaries, and a national distributor. The company was founded in 1906 and is headquartered in Statesville, North Carolina.Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the […]

Image Source:  We kicked off the day with NFIB Business Optimism Index at 5:00 A.M., PPI MoM & YoY, Core PPI MoM & YoY, PPI, PPI Ex Food, Energy, and Trade, and PPI Food, Energy, and Trade MoM & YoY at 7:30 A.M., Redbook YoY at 7:55 A.M., Fed Cook Speech at 8:10 A.M., Fed Chair Powell Speech at 9:00 A.M., Total Household Debt at 10:00 A.M., 42-Day Bill Auction & 52-Week Bill Auction at 10:30 A.M., and API Energy Stocksat 3:30 P.M..Another negative inflation spin ahead of Total Household Debt on this week economy that someone is campaigning… On What? Not health. The grain markets came in mixed with soybeans weak on soybean oil profit taking. Ag Resources (ARC) notes managed funds soybean short was cut from 168,000 to 41,000 contracts in four weeks, and corn centers on the complete absence of China from the market in a new crop position. China as of May 2nd had purchased ZERO soybeans from the US for 2024/25 delivery. A year ago, in early May China secured 32 Mil Bu of US soybeans for new crop arrival – despite a record Brazilian crop. US farmers look out for your farmland. Is this administration doing that? Additionally, the US soybean crop on Sunday was 35% planted, vs. the five-year average of 34%, while corn progress is beginning to lag normal. Climate-wise, little has changed in AM weather solutions. CONAB updates Brazilian production and Ag Resources looks for a slightly higher winter corn number based […]

Stocks are inching higher midday, as investors unpack the latest inflation data. April’s  came in hotter than anticipated, which initially weighed on Wall Street’s expectations of an interest rate cut later this year. However, stocks are getting a reprieve after March’s wholesale price reading was downwardly revised to a 0.1% decline. The 10-year Treasury yield spiked this morning but has since cooled. The Dow Jones Industrial Average (DJIA) and S&P 500 Index () are slightly higher at the last check, while the Nasdaq Composite (IXIC) outperforms the broader market. Elsewhere, Wall Street’s “fear gauge,” the Cboe Volatility Index (), is eyeing a ninth loss in the last 10 sessions.  Peloton Interactive Inc (Nasdaq: ) is 7.9% higher to trade at $4.52, and options bulls are taking aim at the  maker. At last check, over 58,000 calls have changed hands, volume that’s quadruple the average intraday amount. The May 5-, 6-, and 5.50-strike calls are the three most active contracts, withnew positions are being bought to open at all three. The stock is rallying from a May 2 all-time low of $2.70, after it was reported that private equity firms are looking to potentially buyout Peloton. Over the last 12 months, PTON is down 39.5%.GameStop Corp (NYSE: ) stock is one of the best stocks on the New York Stock Exchange (NYSE) this morning, up 63.7% to trade at $49.84. Fresh off yesterday’s 74.4% pop, GME opened at $64.70 today, its highest level since the summer of 2021. The original meme stock is riding tailwinds after […]

We have been talking for a long time about bullish UK stock market index FTSE100 a.k.a. Footsie. We also shared the chart with our members more than a year ago, where we were tracking wave 4 correction within an ongoing five-wave bullish impulse.FTSE100 Weekly Chart From November 2022 www.wavetraders.comAfter a longer sideways consolidation, it turned out to be a bullish triangle pattern in wave 4, but as you can see, it’s now finally and nicely extending higher for wave 5 as expected. There can be space even up to 8800 – 9400 target area, just watch out on short-term pullbacks.FTSE100 Weekly Chart From May 2024 www.wavetraders.com