Keeping the line steady

The market action on Friday had nothing much in it to shout about. Even though $NASDAQ(.IXIC)$was up around 1.4%, it was not really very meaningful and levels were still pretty much below the 11000 resistance. $DJIA(.DJI)$and $S&P 500(.SPX)$were flat and the bears are pretty much in control overall.

Markets are pretty oversold but are hinting at still another leg down so the bulls have much to do at these levels. 

The macroeconomic picture is still unclear. Supply chains need to be unclogged and the Feds have no other choice but increase rates to stop inflation from spiralling out of control. Hopefully, demand will not be tamped down so much such that when supplies start to flood themarket, demand is not there anymore. Well...that is something for the Feds to figure out.

The US markets are closed for a holiday so not much insight from the Yankees. 

Stay safe 😊

# 💰 Stocks to watch today?(15 Nov)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
  • Chilli Padi
    ·2022-06-23
    The VIX index hovering at 28-30 indicates that fear factor still runs high in the market.
    Reply
    Report
  • Hktee
    ·2022-06-23
    Like and comment :)
    Reply
    Report
  • Lakse
    ·2022-06-23
    [smile] [smile]
    Reply
    Report
  • ChyeTan
    ·2022-06-20
    Accumulate slowly
    Reply
    Report
  • GlennG1
    ·2022-06-23
    👍
    Reply
    Report
  • 愛我幸福满满
    ·2022-06-23
    [微笑]
    Reply
    Report
  • yneymar
    ·2022-06-23
    Djdjdj
    Reply
    Report
  • Antzzz
    ·2022-06-23
    Okay
    Reply
    Report
  • RKT
    ·2022-06-23
    👏🏼
    Reply
    Report
  • garfield8
    ·2022-06-23
    :)
    Reply
    Report
  • 建稳的朋友
    ·2022-06-23
    💪💪💪
    Reply
    Report
  • Montio7
    ·2022-06-23
    👍
    Reply
    Report
  • Ooi
    ·2022-06-23
    Ok
    Reply
    Report
  • Otahman
    ·2022-06-23
    Ok
    Reply
    Report
  • Moo0505
    ·2022-06-22
    Hi
    Reply
    Report
  • ethanlam
    ·2022-06-21
    ok
    Reply
    Report
  • Ash8
    ·2022-06-21
    Like
    Reply
    Report
  • JQ Black
    ·2022-06-21
    like
    Reply
    Report
  • IAN3114
    ·2022-06-21
    thanks
    Reply
    Report
  • [得意][得意]
    Reply
    Report