It was a short trading week with the Thanksgiving holiday on Thursday. As expected, not much happened in the market last week. We made it through midterms and earnings season without too much disruption, but
Stocks went nowhere last week. After a huge move the week before, the indexes stalled. As expected, the S&P found resistance at its 200-day moving average. I also don’t expect to see much movement this
By now, most of you have likely heard about the collapse of digital currency exchange FTX. While it was once the world’s third-largest digital currency exchange by volume, the company has now filed for bankruptcy.
Last week was a big one for stocks…
The October rally came to an abrupt end last week. The Nasdaq 100 fell over 7%, and the S&P 500 was down about 4.5%.
The market’s ability to rally while the previous market leaders fall tells me we are likely near the bottom of this bear market.
It’s still too early to say whether the market has bottomed. But if you’re looking for stocks to buy, the energy group looks the best.
All the major indexes made new lows last week, confirming that sellers are still in control. Another bad inflation report caused stocks to gap down big Thursday morning. And while they actually rallied the rest
After huge up-days last Monday and Tuesday, stocks got clobbered on Friday, erasing nearly all of the gains from earlier in the week. Even back-to-back 90% up-volume days (something that would be hugely bullish any
Welcome to day 312 of the stock market bloodbath. After peaking last November, stocks have been heading down for all of 2022. Every time the doors of hope and optimism are opened, fear and selling
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