Market Closes up for 4th day in a row

John Falcone
Sep 12, 2022
1 min read

SPY closed at 410.97 +1.07%, QQQ closed at 310.74 +1.19%, IWM closed at 189.67 +1.21%, DIA closed at 323.57 +.71%. very nice continuation of upward bounce.

With all of them having price above the 100 DMA ( daily moving average) It would not surprise me that we continue up some more if the CPI numbers are better than expected. The next stop is the 200 DMA and if we cross that we just my get a rally that is not expected. We shall see! The lower indicators DMI, Stochastic, and MACD are showing more room to run.

Recent Posts

See All

This Week’s Economic Calendar 📅

📊 Key economic events traders are watching this week: • Tue: 🧾 JOLTS Job Openings • Wed: 🏢 ADP Private Payrolls • Thu: 📉 Weekly Jobless Claims • Fri: ⭐ U.S. Jobs Report (BIG one) Labor data will h

Weekend Political Risk ⚠️

📰 Weekend political headlines traders should note: • 🏦 Fed leadership & rate-policy uncertainty • 🏛️ Government funding / shutdown risk lingering • 🌍 Geopolitical noise keeping markets jumpy Nothi

Rally, Is this the last?

https://seekingalpha.com/article/4854914?gt=69467013cf4728ca

Comments