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Closing Bell 6-24-2022

·331 words·2 mins·
Trading
Yaheya Quazi
Author
Yaheya Quazi
Indeed, the mercy of Allah is near to the doers of good.

Market Summary

IndexValueChangePercentage
Dow31,500.68832.322.68
S&P 5003,911.74375.433.34
Nasdaq11,607.62179.111.62
Russel 2K1,765.7454.073.16
VIX27.23-1.82-6.27

Well I am happy to report my prediction for the day of the market was absolutely wrong. All major indices were massively green for the day. Solid gains in S&P, Dow and Nasdaq - what a relief.

Weekly Summary

  • Dow - Up 4.73%
  • Nasdaq Up 7.36%
  • S&P Up 5.76%
  • [Russel 2K](../glossary) Up 4.92%
  • VIX Down 16.75%

The above weekly summary is not something to pass by. We definitely see a market rebound. So does this mean the market had bottom, and we can expect a steady gains from here? I am not certain. There are still many market uncertainty out there. Not to mention wide spread FUD. Although VIX shows promise with less than 27.

Prediction for 06/27/2022 :

After having a lackluster week, it is possible we will see some pull back the week of 6/27/2022. However, I was recently proven wrong so I am not hundred percent sure that it will be a downturn market. Recently growth stocks are showing signs of recovery and I certainly hope it will continue. Best wishes to everyone!

NIO had a magnificent week with 21.74% up! That is a massive gain. I truly believe this stock is about to hit the sky. I reiterate my price target for NIO 30 by the end of 2022. And 70 plus by 2025.

TSLA stock gained as well. Weekly gain of 14.91%. The gain isn’t big as Nio yet but, not bad at all.

Strategy :

  • I predict all indexes will end up green in 2022.
  • Tax losses!
  • Focus on long term growth
  • NIO price target by end of 2025 - $70 (minimum)

News :

Related

Closing Bell 6-23-2022

·324 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 30,677.36 194.23 0.64 S&P 500 3,795.73 35.84 0.95 Nasdaq 11,232.19 179.11 1.62 Russel 2K 1,711.06 20.95 1.25 VIX 29.03 0.10 0.35 What a volatile market! I am glad all indices ended up solid green at the closing bell. VIX continues to go down and that is the actual progress. Bond yields slip that is generally good for the market.

Closing Bell 6-22-2022

·201 words·1 min
Trading
Market Summary Index Value Change Percentage Dow 30,483.13 -47.12 -0.15 S&P 500 3,759.89 -4.90 -0.13 Nasdaq 11,053.08 -16.22 -0.15 Russel 2K 1,690.28 -3.75 -0.22 VIX 28.36 1.41 5.23 NO SURPRISE! Red day, although mid trading day all indexes were green but gave up all the gains by the closing bell. I am glad at least, the down turn is small essentially flat. VIX decreased, which is good. Ideally, we want to see it below 20. We have a long way to go up there!

Closing Bell 6-21-2022

·289 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 30,530.25 641.47 2.15 S&P 500 3,764.79 89.95 2.45 Nasdaq 11,069.30 270.95 2.51 Russel 2K 1,694.03 28.34 1.70 VIX 30.19 -0.84 -2.71 A Very green day and what a relief! All indexes are showing solid gains. The million dollar question is - the gain is here to stay?

Closing Bell 6-17-2022

·195 words·1 min
Trading
Market Summary Index Value Change Percentage Dow 29,888.78 62.46 -0.13 S&P 500 3,674.84 8.07 -0.22 Nasdaq 10,789.35 152.25 1.43 Russel 2K 1,665.69 15.86 0.96 VIX 27.23 -1.82 -6.27 As predicted market ended up closing green - somewhat!. Nasdaq which had taken the worst beating yesterday went up the highest. However, after a brutal day yesterday, one should expect a very green day - that was not the case. DJI essentially closed flat while S&P marginally up. I follow VLO which had a nice run and dropped a bit in the past few weeks.

Closing Bell 6-16-2022

·232 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 29,927.07 -741.00 -2.42 S&P 500 3,666.77 -123.22 -3.25 Nasdaq 10,646.10 -453.00 -4.08 Russel 2K 1,649.84 -81.30 -4.70 VIX 32.95 3.33 11.24 An overall extremely down market today. Yesterday’s gain was completely wiped and then added to some more losses. DJIA, Nasdaq hit fresh new lows. All investors want to know, is this the bottom or there are still room to go down! VIX is up almost 11.25 %. This indicates there is FUD (Fear Uncertainty Doubt) exists. In my personal opinion, VIX >= 28 indicates extremely high buying opportunity.

Bing Image Gallery and Power Automate

·117 words·1 min
Personal Technology Power-Automation
I downloaded the Bing wallpaper app. It is actually awesome, everyday I turn on my computer to see what kind of wall paper I get for that day. Most of these are amazing! I use them in my desktop and also as my zoom background! Finally, I created a small Power Automate routine, that downloads each day Bing wall paper and saves it on to my drive.