Month: April 2022

4/28/22 Bottoming Price Action

News: Markets gapped up yesterday morning rising ~1.5% intraday only to give up most of the gains and close mixed, near flat… Earnings season continues to deliver winners like Microsoft (MSFT) +4.8%, Visa (V)+6.5%, and T-Mobile (TMUS) +3.9%. And also losers like Alphabet (GOOG) -3.8% and Boeing (BA) -7.5%. I’m watching what could be a …

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4/27/22 Look Out Below!

News: Markets entered freefall yesterday as the Nasdaq led the collapse falling 4% to its lowest point of the year. Year to date figures are as follows: Dow Jones Industrial Average -8.5% YTD S&P 500 -12.4% YTD Russell 2000 -15.8% YTD Nasdaq Composite -20.2% YTD Tesla (TSLA^) fell more than 12% as investors’ concern about …

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4/22/22 Failed Follow-up

News: Yesterday markets failed to follow up on Wednesday’s gains. After gapping up the indexes faded all day long. Elon Musk still wants to buy Twitter (TWTR^). In a filing released yesterday, he announced financing “commitment[s] … to provide … approximately $46.5 billion” for his take-over bid. The board still doesn’t seem interested but users …

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