DIS also great earnings last evening. Stock up 7.65% in pre
market right now.
Earnings have been huge for the market in this recent advance
and things holding up when they did since the year started amidst
the other news related to fundamentals (rates, jobs, etc). My
forecast for 2022 was a 10-15% correction and we got about 12%.
High of the year at 5,000 and possible low around 4,095-4,000. Of
course things can overshoot above or below with forced buying or
selling shorter term. I continue to be long with the inventory I
picked up when we dropped into low 4,300s for our IRAs. Let's see
what happens with CPI today.
We have two gaps right now, the one above at 4,662 and one below
at 4,521. Will be interesting to see what SPX does at the 50 day
moving average above. A move above it/4,600 would force buying/more
covering into the market.
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DIS also great earnings last
Posted by fundamentalvalues on 10th of Feb 2022 at 06:44 am
DIS also great earnings last evening. Stock up 7.65% in pre market right now.
Earnings have been huge for the market in this recent advance and things holding up when they did since the year started amidst the other news related to fundamentals (rates, jobs, etc). My forecast for 2022 was a 10-15% correction and we got about 12%. High of the year at 5,000 and possible low around 4,095-4,000. Of course things can overshoot above or below with forced buying or selling shorter term. I continue to be long with the inventory I picked up when we dropped into low 4,300s for our IRAs. Let's see what happens with CPI today.
We have two gaps right now, the one above at 4,662 and one below at 4,521. Will be interesting to see what SPX does at the 50 day moving average above. A move above it/4,600 would force buying/more covering into the market.