My Thoughts on the Market

The market moved back up to the 6800 level, but can’t seem to break past it. The 6800 level is now looking like resistance instead of support. If it cannot close above it soon, the… 

AI Summary of the Previous Week: This week illustrated the S&P 500’s vulnerability to external forces, particularly geopolitical events, emphasizing the need for investors to stay alert to global developments. The market is sitting just… 

Another week of trading in the range. The market moved higher the first part of the week, then reversed. Now sitting right in the middle of the range. With everything pretty much neutral, it can… 

The S&P 500 has been sitting between 6800-7000 for the last couple months. Neither side is interested in giving ground! What is interesting is the divergence of the Dow Jones vs Nasdaq. The Dow is… 

The market pushed down most of the week and then had a powerful move on Friday. It shot itself back up to essentially even for the week. Support seems to be holding at the 6800… 

The market broke lower a few times last week-only to recover quickly intraday. The resistance line is easy to draw. The support line, could be drawn a couple different ways. February is not a strong… 

The market broke below the rising wedge and then came back to test it. The lower edge of the wedge is now acting like resistance. At this point, it is more likely to break lower… 

Support and resistance lines certainly make sense to me. However, flags and other patterns less so. Mostly because I have not researched them as much. The market has been showing a rising wedge pattern for… 

In general, I am incredibly skeptical of this market. However, the trend is up and needs to be respected. The stock market it incredibly overvalued at the moment by most measures. We all know what… 

It was nice to take some time off. Note to self…it is hard to trade while traveling. It is better not to do it. Tracking is fine! January is not normally a strong month for…