Sold Small & Mid Cap Indexes 221119

Friday I sold the remainder of my Small and Mid Cap Indexes.  Markets have done extremely well over the past month, as investor sentiment is rising on hopes the Fed will pivot on raising interest rates and that China will ease its Zero Covid policy. Euphoric investors believe that the declining economic data will causeContinue reading “Sold Small & Mid Cap Indexes 221119”

Double Bottom test of June Low 220925

The S&P 500 is currently forming a double bottom pattern, testing the June 16th low. NOTE- in a previous post, I stated:  “…the odds of a drop all the way back down to the low is HIGHLY unlikely.”  That was based on the 50% retracement which had taken place in August. Three quick points- “HIGHLYContinue reading “Double Bottom test of June Low 220925”

Resilience of Long Term Moving Average 220815

It’s been a challenging year for the Stock Market.  The attention seeking Media was happy to point out that the “S&P 500 suffered its worst first half of a year since 1970.” Less reported is the fact that following the dismal 1970 first half decline, the S&P 500 bounced 33% from the low to finishContinue reading “Resilience of Long Term Moving Average 220815”

COVID confirmed breakout above 50dma?

The Market looked like it might take a dip due to poor economic data.  Then today it popped back up when Gilead announced positive results from their COVID-19 treatment trial. Is this a head fake or a real breakout above the 50 day moving average?  It looks solid and the S&P 500 is only 2%Continue reading “COVID confirmed breakout above 50dma?”