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.

Stock Market Update - March 26, 2021

March is turning out to be a good month for investments and at this time all indicators are up.

Bitcoin continues to reach all time highs. Fidelity is considering launching a bitcoin ETF.

Gold is officially in stage 4.

COVID vaccinations are underway and the one does J&J shot is finally being delivered and administered.