To The Moon

Trading week 15 May to 19 May 2023 It is my personal belief that this week will be one of a “confused” state; up one day and down the next. It remains as such until the Debt Limit “crisis” is resolved. I have covered (in details) in my 02 May post - Will US Debit Limit Cause US Stock Market To Crash? (click here to read, show some love, give a “LIKe” - tks). The 2 political parties have turned this into a power struggle between themselves. Best case scenario - the issue is resolved by this week. Both parties will be meeting today, 16 May after it was postponed last Fri, 12 May. It does not look optimistic though. Worst case scenario - Treasury Dept will have more work to do by juggling whom to pay and whose payment will be

Under normal circumstances, the trend of stock market determines the direction of the individual stock. To be more specific, 3 of the 4 stocks follow the direction of the market. In addition, the trend of the broad index is also consistent. For example, if small-cap stocks rise, the Nasdaq and larger-cap stocks also rise.With this in mind, the U.S. stock market in 2023 is very special, with serious differentiation. Most major stock indexes are still up year-to-date, but 60% of stocks are trading below their 200-day moving average. $iShares Russell 2000 ETF(IWM)$ fell 0.5%, while the $SPDR S&P 500 ETF Trust(SPY)$ rose 8% over the same period, while the tech-heavy $In

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