Stock Market Update - Feb 18, 2022 - Gold approaching Dow

 Another bad week for stocks. One of the indicators I like to use is the Gold vs. Dow chart. At the moment, gold is approaching the Dow's moving average line.

Generally when gold prices rise and stock prices go down it is a sign of a bad market. 

Stock Market Update - Feb 11, 2022 - Bear Market - Stage 4

Looking at the Stan Weinstein indicators, we are in a Bear Market. All indicators except for the Global Dow are negative. 

COVID cases are down and hopefully life returns to normal in 2022. So what is the problem? Inflation, Ukraine/Russia tension according to this Wall Street Journal article.

Tech, led by Facebook is taken a beating. FANG stocks are not looking too good. Apple is doing fine but the others are not.   The Apple vs Facebook battle over our data is an interesting one. 

Let's look at the charts. At this point, just a minor correction. We will have to wait and see if it stays minor or gets larger.