Month: June 2022
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...
Stock Market Today: Full-Scale Bear Market
June 13, 2022, 11:11 am EDT Full-Scale Bear Market The full-scale bear market unofficially started today as we called it. Not only S&P 500 enter into the technical bear market zone with -20% down ...
Cryptocurrency: Virtual Currency Becomes Virtual Reality
June 12, 2022, 7:57 pm EDT Virtual Currency Becomes Virtual Reality Once popular cryptocurrency quickly becomes an underdog currency. Bitcoin crashed down from about 68000 value six months ago (Novemb...
Strategy: Waiting for the Opportunity: Gold Miners (GDX)
June 12, 2022, 11:50 am EDT Waiting for the Opportunity: Gold Miners (GDX) While inflation is at a 40-year high, the stock markets and virtual markets (cryptocurrency) keep digging for the new lows, i...
Economy: Lowest Consumer Sentiment in History
June 10, 2022, 3:38 pm EDT Lowest Consumer Sentiment in History The consumer sentiment index made by the University of Michigan hit the lowest level of 50.2 in June. It was the lowest number throughou...
Stock Market Today: Deadly Inflation CPI at 8.6%
Finally, the May Consumer Price Index (CPI) is out at an 8.6% pace which made another 41-year high record. This fatal and deadly number...
Stock Market Today: Be Alert
June 9, 2022, 3:12 pm EDT Be Alert After two weeks of consolidation, the stock market began to react to the coming Consumer Price Index data to be released tomorrow. Its response points to the downsid...
Stock Charts: Tight Consolidation Range
June 8, 2022, 10:47 pm EDT Tight Consolidation Range What does it mean when the stock market moves within a tight consolidation range? Technically, having a narrow range of activities like Nasdaq-100 ...