Previous Tidbits

The NASDAQ and the S&P 500 closed with solid gains if you’re looking at the market from the outside.

Two weeks ago, the NASDAQ was 18,429 and the S&P 500 was 5,576. I wrote that it was a good time to take profits.

I warned you 2 weeks ago that this correction was coming. The S&P 500 took an absolute beating.

I recommended in a post a few weeks ago that when Tesla was 262.00 dollars, it was a good idea to get out. As I write, their earnings came in.

This was a brutal week for all exchanges! This is just the beginning of what I predicted a few weeks ago. THE MARKET CORRECTION HAS BEGUN.

The big-cap tech took a beating yesterday, closing down 512 points, or 2,77%. Volume increased approximately 25% to the downside; that’s not a good sign.

Yesterday the S&P 500 was up .28% to 5631 the NASDAQ was up.40% to 18,472 and the small cap 2000 ROARED AHEAD up 1.80% more than triple any of the other averages mentioned.

Second quarter earning season is upon us and this is what I expect.  I believe you there will be quite a bit of buy on the rumor sell before or on the news. 

n Friday both the NASDAQ and S&P 500 recouped some of their losses from the day before. 

If the Federal Reserve does not lower interest rates by September, I anticipate problems in the economy, which means troubles in the market.