
Stock Market Update 12-04-2022
TECHNICAL ANALYSIS The major market indices have been in a schism since the summer lows. For decades now, the consensus axiom is to ‘never fade the blue chips.’

TECHNICAL ANALYSIS The major market indices have been in a schism since the summer lows. For decades now, the consensus axiom is to ‘never fade the blue chips.’

TECHNICAL ANALYSIS VIX Volatility Index Daily Candles The DJIA closed up 200 points on Friday to end the week a couple of points lower, just off the current

Crude oil futures (CLZ22) closed sharply lower on Thursday to set the lowest daily close since late September. The daily is starting to reach slightly oversold conditions and,

TECHNICAL ANALYSIS Dow Jones Industrial Average Weekly HLC The DJIA gapped higher on Monday and held rallies throughout the week, ending with a 5.72% gain with a rally

TECHNICAL ANALYSIS VIX Daily The DJIA closed the week up 1.6% in a whipsaw trade that saw the cash index hit a new intraday low for the entire

TECHNICAL ANALYSIS The US Dollar has nose-dived and spiked off the recent highs after prices pulled up just shy of the long-term monthly targets outlined in the last

TECHNICAL ANALYSIS November soybeans (SX22) took a dive late last week to carry the contract to the lowest levels since early August. As the now lead contract on

TECHNICAL ANALYSIS Crude oil futures (CLZ22) closed lower on Friday the 30th, ending the month of September down $10.06 a decline of 11.24%. The DEC futures pulled up
TECHNICAL ANALYSIS The DJIA saw a minor reprieve form the selloff in the critical timing window outlined in the last update and plunged again late in the week

Crude oil futures (Z22) closed fractionally higher on Friday and settled week down just under $2 for the nearby futures. The near-term technicals are neutral while the intermediate-term