3309 Drysdale Ct
Edwardsville, IL 62025
RAFA up 34% today on higher volume.
VIX 5 min Chart
I have no idea. Just that the VIX is at the bottom of the
BB and close to a support area. The indexes are very
stretched coming into resistance areas. I would expect a
pullback in the markets next week. Also getting no demand and
profit taking signals on various time frames on my trade station
charts along with something called knoxville diverences.
SPX is at a double top at the 30 min chart right now.
Getting close to the March/April lows.
SONM - Broke out today after earnings. 200 dma just
VIX is still green.
Yep. Bad Gateway
Cathie Wood-led Ark Investment Management on Monday bought
366,982 shares of NVIDIA Corporation (NASDAQ:NVDA) valued at over
$51 million, based on Monday’s closing price, via three of its
exchange-traded funds. NVDA down 4% today.
QQQ Daily - Top of channel.
NQ support area.
Current liquidity conditions dictate conservatism. The Fed is
aggressively raising interest rates and reducing its balance sheet.
Further, fiscal spending is falling well short of that in the prior
two years. As a result, liquidity is exiting the financial markets,
which augurs a bearish trend.
We are not fearmongering, but consider that CAPE fell to seven
in the bear market and recession of 1981-1982. That was the last
time with comparable inflation as today. Assuming no change in
earnings, the S&P 500 would have to drop to 925 to reach a CAPE
of 7!“ ~
SPY also right in line with symmetry from last uptrend.
All It took was a little news. "The market was holding steady
near the highs of the day until a headline hit shortly before 1:00
p.m. ET. Specifically, The Information is reporting that Alphabet's
Google is going to pause hiring for two weeks. This report comes
just a few days after Bloomberg reported that Apple will slow
hiring and spending for some divisions next year as it prepares for
a potential downturn."
COIN on fire.
OK. I'll take your word for it. :-)
BP Bear Market Sell Chart
Home Builder Sentiment Plunges in July
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