Stocks are down -0.58% this morning after coming down to test a significant level of support once again. While stocks fall, the dollar rises in the anticipation of sooner-than-expected tapering by the Fed along with a hike in interest rates starting in 2022.
Other than September being one of the worst months for stocks, I think that we could be looking at an increasing investor uncertainty in the markets. Stocks have had a wonderful year for the most part, and they could definitely keep rising. But, it's important that we keep an eye out for these corrections that happen once in a while; and this 50 DMA indicator could be what sparks a sell off.
SPX500 came all the way back down to its 50 DMA after what looked like a promising bounce on the 1D chart. This leads me to believe there is an overall weakness in the stock market right now, and that we might see another leg down during this month. I think clean support could be at $4400 if stocks were to fall that far down.
10/26/2021 A string of articles have come out recently that will make you consider crypto and the potential around the emerging industry. Here are a few article headlines that I will summarize and explain why this is really important to the market as a whole. Tesla May Restart Crypto Transactions Again Several months ago, Tesla […]
Today I'll share some economic analysis on the CPI report and what to look for in order to tell if inflation will get worse. Lastly, I'll cover some ways that you can make an investment play on inflation. September CPI Report The Consumer Price Index report for September 2021 was published on October 12, 2021. […]
10/25/2021 Gold and crypto pairs have been on a tear recently due to several factors and one of them being inflation. Some analysts are calling for a prolonged run in demand for the precious metal and a $3000 per oz price in under a year. Our outlook I think that gold has been due for […]