Month: June 2022
Stock Market Today: Defense, the Best Offense
June 30, 2022, 11:52 pm EDT Defense, the Best Offense Bears are in charge for the first half of 2022 that beat up the stock market for one of the worst performance Year-To-Date (YTD): Dow Jones: -15% ...
Industries: Breakdown and New Lows in Three Industries
June 29, 2022, 11:49 am EDT Breakdown and New Lows in Three Industries There are many breakdowns and new lows in the first half of 2022. But, we focus on three industries that represent the big troubl...
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/...