To The Moon

If you look at Tue, 08 Aug trading (see above), you will find that all 3 indexes came off morning lows at closing time. However, that was not the case for Wed, 09 Aug trading. This this time the indexes faded significantly into the close, losing ground. Indexes’ Losses: (1) Dow Jones Industrial Average: -0.54% (-191.13 to 35,125.36) It is trading just above its 21-day-exponential moving average (ema). It sits comfortably above its 50-day. Advancing issues outnumbered declining ones by a “1.04 to 1” ratio. (2) S&P 500: -0.70% (-31.67 to 4,467.71). The index is getting close to its 50-day & 10-week lines but has not touched them yet. The 21-day line is still acting as resistance. S&P 500’s Wed decline was mainly due to chip stocks dragging tech lower. Of the S&P 500 comp

The U.S. Regional Bank Stock ETF is recovering from its plunge in early 2023, posting its biggest monthly gain since 2016 in July.U.S. regional bank stocks are recovering from their plunge in early 2023, with the KBW Nasdaq Regional Banks Index up 18% in July, which it the best month in performance since November 2016.In early 2023, regional bank stocks were hit hard after the sudden collapse of Silicon Valley Bank. The collapse sparked fears of a potential bank run elsewhere in the regional banking system. In order to ease the concern, the Federal Reserve adopted an emergency lending program in March to dispel those fears.The Fed's program boosted confidence by providing additional funds to ensure that banks could meet the needs of al