Market Summary
| Index | Value | Change | Percentage |
|---|---|---|---|
| Dow | 31,500.68 | 832.32 | 2.68 |
| S&P 500 | 3,911.74 | 375.43 | 3.34 |
| Nasdaq | 11,607.62 | 179.11 | 1.62 |
| Russel 2K | 1,765.74 | 54.07 | 3.16 |
| VIX | 27.23 | -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
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 :
- Dow rallies 800 points on Friday to cap big comeback week for stocks
- Tech leaders react to Roe v. Wade reversal
- Musk says Tesla’s factories in Berlin and Texas are ‘gigantic money furnaces’