Wednesday Market Stuff

• Interest rates were a big driver in the market for the past couple of days. The market was mixed today with the higher interest rates as a head wind to a small upside. Macy's (M) held it's gain throughout the day ending the day up 10%. I believe this is a strong stock in an dividend structured portfolio, but don't see much volatility for some time. I could see it hitting $40/share by November.
• Home Depot was down today to the lower levels that it was at yesterday after earnings report. Walmart was up yesterday and again today as they report earnings tomorrow morning before the market open. I could see it dip, but come up big on the conference call.
• Apple made up some of the loss from the last 2 days. Google tried to make it up but gave it all back in the last hour. Nvidia opened down, raced up and went back down to finish the day flat like Google.
• Cisco reported earnings after the market close today and the reaction was not good. I would expect a similar reaction as Home Depot had yesterday. It will start down, bounce up and slowly give some back towards the end of the day.
• Some interesting action happened around 1:45pm today. Boeing (BA) went straight down from 343 to 340.40. That is not a huge movement but when looking at the chart, it was sharp. As was Tesla's movement to the upside at the same time from 283 to 287. I didn't see or hear any news that would have created that kind of reaction, but based on their movement, I would look for them to continue in the same direction Thursday morning before reversing around 10 or 11am.