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Closing Bell 07-07-2022

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

Market Summary

IndexValueChangePercentage
Dow31,384.55346.871.12
S&P 5003,902.6257.541.50
Nasdaq11,621.35259.492.28
Russel 2K1,769.6042.062.43
VIX26.08-0.65-2.43

A massive green day today - finally! All indices are up and VIX dropping. China considers massive 250 billion dollar stimulus with historic bond sales. This news helped various chinese and us stocks that have business in China such as Tesla.

Shares of Tesla Inc. TSLA, +5.53% advanced 5.53% to $733.63 today, on what proved to be an all-around positive trading session for the stock market. Tesla Inc. closed $509.86 short of its 52-week high ($1,243.49), which the company achieved on November 4th.

NIO stock soared today with more than 8 percent gain. NIO is trading 72 percent higher from its recent low on May 12. That is a significant upward price movement. I am hopeful NIO will end up 30 dollars or more by end of 2022.

I am still not convinced this upward trajectory is here to stay. I think we will experience more downward pressure.

Strategy

  • Be prepared for recession that is now in my opinion inevitable - agreed by most analyst.
  • Timing the market is nearly impossible!

News

Related

Closing Bell 07-06-2022

·343 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 31,037.68 69.86 0.23 S&P 500 3,845.08 13.69 0.36 Nasdaq 11,361.85 39.61 0.35 Russel 2K 1,727.55 -13.78 -0.79 VIX 26.73 -0.81 -2.94 So this is the trend, deep red in the morning, ends green at the end. I am not complaining, but just stating that volatility is at its worst or so it seems. All major indexes end up in green territory. Russell 2000 was down which measures growth sectors. VIX dropped another 3 percent and that is great.

Closing Bell 07-05-2022

·268 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 30,967.82 -129.44 -0.42 S&P 500 3,831.39 6.06 0.16 Nasdaq 11,322.24 194.40 1.75 Russel 2K 1,741.33 13.57 0.79 VIX 27.54 0.01 0.04 The roller coaster ride of the market is worst than the rides in Magic Mountain! Dow Jones had almost 700 point drop but recovered most of it and closed down 0.42%. S&P had a similar effect, it closed positive. Nasdaq had a solid day with almost 2 percent gain. VIX stayed stable.

Closing Bell 07-01-2022

·387 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 31,097.26 -253.88 1.05 S&P 500 3,825.33 -33.45 1.06 Nasdaq 11,127.85 -149.16 0.90 Russel 2K 1,727.76 19.77 1.16 VIX 26.70 -2.01 7.00 There is a saying - all well those ends well. We see that in the market today. In a highly volatile market, with swings of almost 600 points in Dow. At the end all indices end up higher almost one percent. VIX dropped below 28 with 7 percent decline, which indicates general FUD in market is stabilizing.

Closing Bell 6-30-2022

·416 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 30,775.43 -253.88 -0.82 S&P 500 3,785.38 -33.45 -0.88 Nasdaq 11,028.74 -149.16 -1.33 Russel 2K 1,707.99 -11.38 -0.96 VIX 28.60 0.44 1.86 Stock market closes with yet another red day. The market’s worst first half in 50 years. This is definitely something to be worried about and not just general FUD. Feds are determined to get inflation numbers down, however, the persistent inflation is here to stay at least for the short term. War in Ukraine is never ending or so it seems. Oil prices inched up again today.

Closing Bell 6-29-2022

·316 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 31,029.31 82.32 0.27 S&P 500 3,818.83 -2.72 -0.07 Nasdaq 11,177.89 -3.65 -0.03 Russel 2K 1,719.37 -24.79 -1.86 VIX 28.16 0.20 -0.71 A volatile day. Market is giving up slowly all the gains from last week.