US market perf on 29 Nov 2022 (Tue). Rally or contd Consolidation today ?

After 3 days of gain, Dow Jones Industrial Average (DJIA) finally decided to take a breather.  So did the other two bourses

Mkt perf 28 Nov / Pre-mkt indicators 29 Nov

By the time market closed for the day :

  • DJIA : -1.45% (-497.57 to 33,849.46).
  • S&P 500 : -1.545 (-62.18 to 3,963.94)
  • Nasdaq : -1.58% (-176.86 to 11,049.50). Worst of 3 boards.  Now inching too closed to 11K mark.

Actually the market opened "positive" as it was still reeling from last Fri (25 Nov) mini-rally.

Investors were still in the mood to shop.

However, after interview with St Louis Fed governor Mr James Bullard {by MarketWatch}, all three bourses dipped and never looked back.

What did the man say ?

Mr Bullard reiterated that based on data the Federal Open Market Committee has privvy to, interest rate needs to reach at least the bottom end of a 5% to 7% range to be sufficiently restrictive

It appears (to me at least) whenever a Fed member speaks, the interest rate's "upper limit" would get inflated to a bigger number (again).

Did you notice this peculiar behaviour ?

3 Indexes - 5 days, 50 days & 200 days Moving Averages

Technically, the Moving Averages of all 3 Indexes are "weaker" comparatively speaking if they were to be compared to those from last week. 

Does this signal that in the immediate to short term, market will be volatile once again ?

Possible avoid for today only or longer term ?

As FTX crypto exchange saga continues to unfold, the crypto contagion is spreading & fast

So instead of talking about what to lookout for today, let's do the opposite & talk about what not to invest ok ?

Are you investor to any of the above stocks ?  Any thoughts on this ? 

Share them in the Comments section below ?  Thanks.

Please "Like" this post ok.  Thanks.  The rating is important to me.  Thanks in advance.

Matching song ? Three Coins In The Fountain sung by Mr Frank SinatraOldies...  Dunno ? YouTube it.

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# 💰 Stocks to watch today?(28 Mar)

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.

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  • Lao Tzu Ang
    ·2022-11-29
    crypto is getting hurt a lot
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    • JC888
      Indeed... Still have some distance to go....
      2022-11-29
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  • setia100
    ·2022-12-01
    Your Green & Red Chart is a good assessment of the current wk. However, you didn't show last wk chart when you made a comparison between the two 🤔
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  • MoneyCentral
    ·2022-11-29
    Rally only because of China possibly relaxing measures. Will turn down again shortly after
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  • Albert945
    ·2022-12-03
    thanks for sharing
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  • criticalbomb
    ·2022-12-01
    thanks you very much ❤️❤️❤️
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  • JoanneSamson
    ·2022-11-29
    Personally I don't invest stocks that r vitality-lack or penny
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  • JC888
    ·2022-11-29
    Hi tks for making time to read my post. Pls remember to give a "Like" okie. Tks.
    Reply
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  • DaveLewis
    ·2022-11-29
    peculiary is the main chord
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  • CynthiaVogt
    ·2022-11-29
    Another dip to accumulate...short week
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  • ashethen
    ·2022-12-03
    hi
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  • 无极阿尔法
    ·2022-12-03
    nice
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  • FuraNshi
    ·2022-12-03
    🤔
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  • CCLEE
    ·2022-12-03
    [smile]
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  • Btyc
    ·2022-12-03
    K
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  • Michaeltql
    ·2022-12-03
    Ok
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  • Prakesh
    ·2022-12-03
    nicd
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  • ken2020
    ·2022-12-03
    [Like]
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  • Dimitri_PA
    ·2022-12-03
    thanks
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  • JaydenSee
    ·2022-12-03
    Nice
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  • PGLian
    ·2022-12-03
    ok
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