WEEKLY MARKET OVERVIEW Last week the market reminded all participants that prices can’t go up in a straight line. The gap down at the opening on Wednesday and subsequent sell-off throughout the session have been the first signal that the recent uptrend was due for a break. After a failed rebound attempt on Thursday, more …
WEEKLY MARKET OVERVIEW With the new US president finally at the White House, this four trading days week has seen most indices recovering from the previous week’s losses and back to a test of all-time highs. Weekly performance:– SPY (S&P500) +1.91%– QQQ (Nasdaq100) +4.35%– DIA (Dow Jones Industrial) +0.60%– IWM (Small Caps) +2.02% The SP500 (SPY) broke out to all-time highs on the …
Overall in the second week of 2021, the markets have been consolidating. On Friday we saw a pullback attempt with most indices gapping down at the opening but recovering most of the losses by the close. Mega-tech-stocks (QQQ) have been lagging while small caps continued to push to new all-time highs being once again the …
Finally, Thursday was a red day with selling pressure during the entire session and in most areas of the market. Anyway, looking at the SPY chart we can see at last candle as just a small pause on an otherwise positive trend. On the other hand, small caps (IWM) are continuing the run on the …
Wednesday has been another relative quiet day with mixed price action between various sectors and major stocks. With already a CSP expiring this week I decided to take a chance on AMD pullback and open a new CSP at the same $89 strike but expiring on 01/22. SWK has been one of the worst daily …
Tuesday has been another day of choppy price action with most indices going flat for the day except small caps (IWM) that once again pushed to new all-time highs with a solid green candle. Mixed behavior between major stocks with a pocket of strength inside industrial and energy sectors. TSLA is still trading in its …
Choppy price action throughout the entire Monday’s session with major stocks showing mixed behaviors. Headlines remain heavily negative but stock owners keep holding and looking for higher prices. That is confirming the strength of a market that refuses to go down on bad news. Finally, also TSLA took a break after the recent wild run! …
Friday has been another positive session. After a slow and choppy start, bulls took full control in the last two hours with most sectors closing in the green. Despite Monday’s pullback and the assault to the US Capitol, this has been a great week for the market with small caps being by far the strongest …
Not much to say for Thursday’s trading session rather than market participants quickly forgot Monday’s selloff and the tragic news from Washington. Most mega-tech-companies recovered in full from recent weakness and were between the strongest stocks of the day. The only negative aspects I can notice are the red candles just before the close (quite …
Wednesday was a very sad day for the US democracy due to the attack on the Capitol. Anyway, the stock market barely took notice of it. After a positive day, the shocking news coming from Washington only led to a partial pullback in the last couple of hours of the session, followed then by a …
