Month: September 2022

Here are the ending numbers for the week and the month of September. The month of September was as bad as it gets. There were some interesting things that happened this week and I will cover them later this weekend.

Looking for support. I have dug through yearly, weekly, and monthly charts, and finding support for this awful 2022 market is difficult. I will be primarily focusing on the S&P 500 chart(s) from the SPY, SPX, and Flexible charts to show you how I finally found where we should find support.

Can it get any worse? Yes.

One index confirmed yesterday’s signal and another fell back into a zone that is not good for anyone.

After two of trading, we have an index firing a signal. It has to be confirmed tomorrow. Tomorrow the FED will be adjusting rates once again. I believe the consensus is an increase of .75%. If the rate is that or less, the markets will likely rise. Anything higher and there will be a major…

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Last week was a backbreaking event on the stock market. It appears even with the fall of oil that the FED is determined to kill the stock market and put the country into a recession. I’ll say more about that later but I am still having a little difficulty tieing the 2008 market to the…

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That was ugly and that was backbreaking. What will the next few weeks and months bring? I know the odds and I’ll post about them this weekend.

We have levels that are being broken and the choice is clear.

Today was not good. Levels broke and now we have decisions to make. I will give you two options for tomorrow, but if the pre-market numbers that I am looking at right now are any indication, it might not matter.