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Closing Bell 07-11-2022

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

Market Summary

IndexValueChangePercentage
Dow31,173.84-164.31-0.52
S&P 5003,854.43-44.95-1.15
Nasdaq11,372.60-262.71-2.26
Russel 2K1,732.01-37.36-2.11
VIX26.171.536.21

Massive red day - S&P given up almost all the gains from the week prior. It appears, the market takes one step forward two step backward; I don’t see how it may change any time soon. Vix went up more than 6 percent.

Chinese stocks took a beating as Covid concern raises yet again. Shanghai will be conducting mass testing in several districts after Covid cases were detected earlier this week, a statement on the city’s WeChat account said.

At the time of writing this post, Tesla, NIO both took beating down 6.55 and 9.06 respectively. NIO down from its recent highs almost 12 percent. Tesla gave up all the after market gain Friday and some more.

All eyes are on Wednesday’s CPI numbers. There are more signs inflation is peaking with no sign of it being under control.

Strategy

  • Look for signs of market bottoming, which may have already happened.
  • Watch for inflation flatten up

News

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Closing Bell 07-08-2022

·342 words·2 mins
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Market Summary Index Value Change Percentage Dow 31,338.15 -46.40 -0.15 S&P 500 3,899.38 -3.24 -0.08 Nasdaq 11,635.31 13.96 0.12 Russel 2K 1,769.36 -0.24 -0.01 VIX 24.64 -1.44 -5.52 Volatile day with essentially flat market. All indices had an awesome week. Better than expected job data eased investors mind of recession. I still think we are either already in one or moderate recession is unavoidable.

Closing Bell 07-07-2022

·262 words·2 mins
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Market Summary Index Value Change Percentage Dow 31,384.55 346.87 1.12 S&P 500 3,902.62 57.54 1.50 Nasdaq 11,621.35 259.49 2.28 Russel 2K 1,769.60 42.06 2.43 VIX 26.08 -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.

Closing Bell 07-06-2022

·343 words·2 mins
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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.