Healthcare sold off pretty hard today, stocks like MRK, JNJ and BMY, etc. have outperformed when other sectors were selling off but all of them were down big today
BBBY with a brutal ER this morning. They're up +25%, possibly looking at bankruptcy. Another retailer also facing bankruptcy, PRTY is up +90% today. They have $2 billion sales yearly, yet the market cap is less than $50 million. Probably too late for me to declare bankruptcy myself.
Powell didn't move the market much today, let's see if we will see some volatility on Thursday after the CPI
Looks like a good time for a pullback, hourly RSI is oversold as well as the McClellan oscillator. Major indices finding resistance at Monday's high.
Market keeps holding up. SPY and IWM (small caps) right at 200-day moving average as we head into tomorrow's CPI.
It's funny because all the news has been bad for them lately. Banks looking weak, relative to the general market. ERs tomorrow morning. That may finally slow the market down. Meant to say "overbought". Just goes to show, overbought does not mean the uptrend is over.
A pretty good start for the bulls so far Let's see if the market can keep it going after a long weekend
This line works even better in logarithmic scale That could go as high as $405 in SPY. See you all on Tuesday.
Market slightly in the red here, the rally pausing a little bit here is not surprising after a pretty big run for the market to start the year.
The PPI was good this morning but the retail sales was weak, looks like the market is focusing on the weak retail sales more today and the recession fears are back
Crazy rally today. Recovered most of this weeks losses. Back to resuming the generational rally next week?
I don't trust the rally to go for 2 days right now. Oscillators were very overbought coming into this week. SPY and QQQ still need to overcome downtrend lines.
Not recommended haha. I don't necessarily trust the rally, but at the same time, it's not out of the question that this retests $400 next week then $408 the following week.
