Saturday, May 15, 2021

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.

 

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