That’s right! Isn’t it nice of the market to drop all the prices this week for Black Friday, Cyber Monday sale. It just so happens that the market is about to come down and test a trend line that has acted as support all year. The lower Trend line that has the A acted as … Read more Thanksgiving Week and the Stock Market is having a Black Friday Sale!
Tomorrow’s Midterm Elections will likely determine if we are in a recovery mode or setting up for a bigger downturn in the market. The Image above is the weekly Spy Chart. In pulling it back on a large time frame you can see that we hit the same support that the market hit back in … Read more Is the Market in Recovery or Dead Cat Bounce? Bear or Bull to come….
This week has been brutal on the market. Last week we had FOMC meeting with the raising of rates and the indexes went wild. Then Sunday we had NAFTA signed and up we surged. Last week Facebook had the security Breach and the SEC filed against Musk. All of this has brought volatilitu back in … Read more Are the FAANG stocks feeling the pain yet? $FB $AAPL $AMZN $NFLX $GOOGL
So what do we do now? This is a daily chart of the $SPY. If you are newer to day trading you might not know what SPY, QQQ, IWM mean. To explain them they are the ETFs of the S&P500, Nasdaq and Russell 2000. If you are unsure of what an ETF is click here … Read more $SPY dropped to 252 is it time to panic? What does this mean?