fbpx

Month: December 2022

12/30/22 A Short Squeeze & Your January Outlook

News: Yesterday markets opened green and climbed throughout the day. Volume was light, and it appeared that market makers took the opportunity to squeeze the markets higher.  As we reported yesterday, bearish bets overwhelmed the market. All 4 indexes closed sharply higher. “Risk-on” stocks let the way… The biggest news item of the day—Unemployment filings …

12/30/22 A Short Squeeze & Your January Outlook Read More »

12/27/22 Santa Delivers, Bears Retreat, China Opens

News: Bottoming action continued on Friday. Markets logged decent gains ahead of the 3-day weekend. Markets hate uncertainty, and with Covid cases rising in China, the energy crisis in Europe, and the ongoing war in Ukraine, the market had plenty to hate. Nonetheless, buyers showed undeterred strength heading into the holiday. Sector Round Up All …

12/27/22 Santa Delivers, Bears Retreat, China Opens Read More »

12/22/22 Recession Cancelled? Consumer Confidence Jumps

News: Markets opened on a positive note on Wednesday. 30 mins into the trading session, the markets got a surprise… Consumer Confidence rose “sharply.” The latest survey reversed “consecutive declines in October and November to reach its highest level since April 2022.” Markets surged higher following the release and closed near the day’s highs. All …

12/22/22 Recession Cancelled? Consumer Confidence Jumps Read More »

12/19/22 Selloff Slows, Reshuffling Nearly Complete

News: On Friday, the market’s selloff continued but moderated its pace. All four indexes ended the day lower… The decline was carry over from the week’s hawkish FOMC meeting and weak retail sales. Sector Round Up All 11 sectors ended the day lower. The worst performers were… The smallest losers… Technicals: The long-term chart reveals …

12/19/22 Selloff Slows, Reshuffling Nearly Complete Read More »