https://www.forbes.com/sites/adamsa...bullish-for-the-stock-market/?sh=2ff626d63f22 Why The Weak Jobs Report Is Bullish For The Stock Market Bad news is good news for the market today
Depends of which way you look at it. FREE money and low interest rates for the next 3+ years. DOW 50,000 DOGE will be 50 bucks a coin by then People make more money drawing unemployment and the other free perks. The ARK funds will be back to the 20s
Selling into the close Let's see if value stocks can continue to keep this market afloat since tech is looking pretty bad. If value rolls over too then we might begin to see some trouble for this market While the major indexes are near the ATHs, those buying individual stocks rather than the indexes or ETFs probably not really seeing their accounts that green lately unless they are really heavy in value and have almost no exposure to growth
QQQ is probably going through the 50 sma tomorrow. See how this week finishes on Thursday/Friday. Major indices (Dow Jones, Nasdaq) are hugely divergent.
The trendline held today, but looking for a re-test in a couple days. Tomorrow might get an oversold bounce though.
A pretty nice bounce today, let's see if it can continue tomorrow Cloud stocks remain weak though, another red day for CLOU despite the market is pretty green overall
A little bit of a pullback for this market today but a lot of those beaten down tech/smaller cap stocks actually did bounce today. IWM finished near HOD, we will see it is near the bottom for small cap/tech while those value stocks may not be such a great value anymore
