Weekly Stock Market Commentary 9/23/2022
[ad_1] By Lawrence G. McMillan Stocks are in a severe short-term downtrend at the moment, spurred fundamentally by Inflation and Interest rates. Technically, the $SPX chart remains bearish in a…
[ad_1] By Lawrence G. McMillan Stocks are in a severe short-term downtrend at the moment, spurred fundamentally by Inflation and Interest rates. Technically, the $SPX chart remains bearish in a…
[ad_1] By Lawrence G. McMillan The bulls seemed to think they were in charge up until the latest CPI data was released. Then, in an abrupt change of face big…
[ad_1] By Lawrence G. McMillan Early this week, stocks continued to sell off from their mid- August highs. But oversold conditions emerged (and are still in place in some cases),…
[ad_1] By Lawrence G. McMillan Stocks have continued their sharp pullback after failing to break through the bear market downtrend line. That challenge came in mid-August at the 4300 level,…
[ad_1] By Lawrence G. McMillan The resistance just above 4300 on $SPX has held, for now. There are two major entities generating that resistance: 1) the downtrend line of this…