Tuesday, October 24, 2023

Market Notes for October 2023

 





Stock Market Recap- October 23- 27, 2023

 October 23, 2023


The US major indexes and stocks pushed higher from a day low. The Nasdaq is the strongest today as it closed on a green note, a red-to-green performance, the Nasdaq remains above the 200 DMA.

Despite the S&P 500 closing at the red territory, it has some strength today as buyers stepped in at the 200-day moving average technical support.

The Dow Jones has been the laggard, as the technical price is trading below 200 DMA.


  • SPY -.17%  DIA -.56%  QQQ +.30%

Tuesday, October 3, 2023

Stock Market Recap - October 2- 6, 2023


October 5, 2023


All eyes are on bonds as they continue to sell to a 13-year low, for today it held up to 85 level.


COST stock is holding up better than other stocks and setting up a bullish technical bull flag pattern.







October 4, 2023


























 


October 2, 2023


It is a mixed breadth reaction in the U.S. stock market.  The technology sector ETF printed its 4th consecutive positive performance, while the S&P 500 & Dow Jones are in the red.  The overall technicals of the US stock market continue to be weaker.

  • SPY -.04%  DIA -.26%  QQQ +.83%


Pull Back Coverage 4/17/24

  April 16, 2024             The stock market has been firing on all cylinders since last week. The volatility is attributable to geopolitic...