Month: August 2022
Stock Charts: Pullback Time (SPY)
August 17, 2022, 11:55 am EDT Pullback Time (SPY) After impressive +18% gains for the S&P 500 (SPY) in the past two months, the stock market pulled back today. Technically, it was blocked by its 2...
Watchlist: Technical Breakout from Gilead Sciences Inc (GILD)
Technical Breakout from Gilead Sciences Inc (GILD) Biotech Gilead Sciences Inc (GILD) is breaking out technically which made a six-month high today with a +5% gap-up. The press release of Gilead to A...
Economy: Improved Inflation Data
August 11, 2022, 12:34 am EDT Improved Inflation Data July Consumer Price Index (CPI) reduced to 8.5% where it was off from the peak of 9.1%. The stock market cheered with DJIA +1.45%, S&P 500 +1...
Stock Chart: Rebound Stalled and Key Support (SPY)
August 9, 2022, 9:22 am EDT Rebound Stalled and Key Support (SPY) Rebound stalled again which is similar to the pattern in June as shown for S&P 500 ETF (SPY). This rebound has been strong that c...
Economy: Resilient Jobs Report
August 5, 2022, 1:14 pm EDT Resilient Jobs Report A surprisingly strong July non-farm payroll shows that the US economy is more resilient than expected. Payrolls increased 528K which surpassed the es...
Stock Market Today: Another Bull Market?
August 3, 2022, 11:50 pm EDT Another Bull Market? It is hard to believe but the bull’s market came back to life for some areas like Nasdaq-100 (QQQ) +20% and consumer discretionary sector (XLY) +23% f...
Politics: Tension Between US and China
August 2, 2022, 10:08 am EDT Tension Between US and China The tension between US and China rises up quickly as Nancy Pelosi is going to visit Taiwan where China claims Taiwan belongs to China.Both Sha...
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