Stock Market Update: June 18, 2021 - Signs of Inflation

 For the first time in a while, markets were down at the end of the week. The worst since February. 

 Contributing factors include expected rate hikes by the Fed.

From a stage analysis view, we are still flying high, but and this is a big but, the 3 major indexes look poised to go below their 30 week moving averages. If this happens we may be entering stage 4.

CNN's Fear and Greed indicator is the lowest it has been in quite some time.

Housing continues to be out of control! Prices are skyrocketing. COVID cases are way down in the USA and there is hope for the future.

Stock Market Update - May 14, 2021

 Markets are mixed. The NASDAQ touched it's 30 week moving average line but finished just a hair above it. Gold is starting to move up a bit and the other averages are still above their 30 week moving average line. 

CNN's Fear and Greed indicator is in Fear for the first time in quite awhile.

 

Crypto currencies continue to be in the news with lots and lots of speculation. We also saw a major hack into a US pipeline with a payment of $5M coinage to the bad guys.

COVID news is also mixed. Countries with the vaccine are doing okay while others are struggling.

 

Stock Market Update - April 16, 2021

 The market continues to be in an uptrend. All indicators are green at this point.

CNN's Fear and Greed indicator is in the green. 

 

 

COVID continues with the JNJ vaccine getting sidelined for a bit while a rare blood clot problem is looked into further. JNJ reports earnings soon.

By the way, have I mentioned how much I have come to hate the phrase "out of an abundance of caution"? It is seriously overused at this point. 

As states open up restrictions, I expect a recovery to continue.

Market Update: Oct 3, 2020

News that President Trump has contracted COVID-19 made headlines on Friday. He appears to be doing better as of this morning (WSJ).

It's possible the major indexes are in stage 3. Gold continues to be in Stage 2 but is showing signs of possibly moving into Stage 3 as well. Stimulus talks are in the works.

CNN's Fear & Greed went into greed last week. It's been in greed for awhile.

We will see.

 

 

 

Stock Market Update: End of August 2020

 The market continues to move up. CNN's Fear and Greed indicator is reading greed.

 

 

 

 

 

 

 

 

 

I find this chart I came up with to be interesting. The Gold ETF, GLD, compared to the DOW price action. If you notice, gold went up prior to the big market decline in 2009.  I circled the cross overs however you can see the price action diverged between the two when there was a change in the market. At the moment both are on an uptrend. In my opinion, if a COVID-19 vaccine comes out, then gold will probably drop, at least temporarily. It could continue to hold steady though as governments around the world print money and the dollar keeps losing value.

Stock Market Update: Week Ending June 5, 2020

Big rebound in markets this week with an upbeat jobs report.

From a stage analysis perspective, we have the following:

• DOW & S&P : Stage 4. The 30 week moving average is still sloping down or is flat.
• NASDAQ: Stage 1: Closing price above the 30 week moving average and the moving average is sloping upward

 The CNN Fear and Greed index is showing a little bit of improvement the first time a long time.

Many areas in the US are re-opening in phases and fingers crossed, we can re-open without a resurgence in cases. We all need to get out of the house!!  
 

January 2020 - Stock Market Update

January is feeling some pressure from the Coronavirus which originated in China and is making its mark. This chart from the CDC shows the current nCOV locations.

 

At this point, the market is still doing well but showing signs of some breakdown.  CNN's Fear & Greed is now in Fear after spending many weeks in the Extreme Greed side of the dial.

2019 was a very good year!

2019 was a great year for the stock market! Up 28%!!

Macrotrends has a fantastic graph showing the S&P performance from 1930.

 
 
CNN's Fear and Greed is at an all time high.

It appears we may now be in Stage 2 - Advancing. Here's a recap on stage analysis.

The Dow's 30 week moving average is showing a slight upward slope.

Can it last? That's the big question. There is a lot of Geo-policital activity. Trade wars, Iran, etc. Be careful.

Cheers to 2019 and may 2020 be another great year!