Month: June 2022

Current Events: Energy and Wars

June 28, 2022, 11:43 am EDT Energy and Wars There is a strong correlation between energy prices and wars. The most obvious example is the recent war between Russia and Ukraine. The war pushed up crude...

Stock Market Today: Can the rebound become a rally?

June 27, 2022, 11:06 am EDT Can the rebound become a rally? Last week stock market made a strong rebound between 5-7% gains for all major indexes that recovered about half of the loss since June 9, 20...

Stock Charts: Multiple Resistance Levels (SPY)

June 24, 2022, 1:17 am EDT Multiple Resistance Levels (SPY) Although there were three days of rebound for the stock markets including nearly +1% gains today, the multiple resistance levels are still d...

Economy: Recession Possibility

June 22, 2022, 11:04 pm EDT Recession Possibility “Recession possibility” is the price to quench inflation as Fed chairman Jerome Powell mentioned today. In fact, we think the recession is not a possi...

Market Behavior: Bear Market Rally

June 21, 2022, 11:58 am EDT Bear Market Rally A bear market rally or bear market rebound occurs after the sell-off in a major downtrend. A short-term rally is formed by short-cover, small traders buyi...

Strategy: Rebound or Breakdown?

June 18, 2022, 12:24 pm EDT Rebound or Breakdown? Rebound or breakdown? Perhaps, many people would like to know the answer to this question. On the one hand, a 10-12% drop in the past 8 sessions for a...

Stock Charts: Where Are the Support Levels? 

June 16, 2022, 7:20 pm EDT Where Are the Support Levels?  If you still remember we mentioned on April 22, 2022: “DJIA is at the beginning of much worse bear markets for the next one or two years.” 04/...

Economy: Fed Wanted to Catch Up

June 15, 2022, 4:50 pm EDT Fed Wanted to Catch Up Fed wanted to catch up with the pace of inflation so it added 75 basis points or 0.75 percentage points of the Fed Fund Rate to a 1.5-1.75% level. Obv...

Sector: Hammered on both Offensive and Defensive Sectors

June 14, 2022, 1:43 pm EDT Hammered on both Offensive and Defensive Sectors It is unusual to see the stock market hammers both offensive and defensive sectors. Offensive sectors and industries are mos...