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Closing Bell 07-15-2022

·174 words·1 min·
Trading
Yaheya Quazi
Author
Yaheya Quazi
Indeed, the mercy of Allah is near to the doers of good.

Market Summary

IndexValueChangePercentage
Dow31,288.26-192.51-0.62
S&P 5003,863.1672.781.92
Nasdaq11,452.42201.241.79
Russel 2K1,744.3736.872.16
VIX24.23-2.17-8.22

I have taken few days break from writing my closing bell summary. Many things have happened in the last few days, unfortunately market taking a turn for the worst. All indices were mostly negative.

Today, there is much needed market rally with all indices in solid green territory and also VIX dropping below 25.

Here is a to a Market Bull run in 3/4 quarter of 2022!

Strategy

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

News

Related

Closing Bell 07-12-2022

·263 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 30,981.33 -192.51 -0.62 S&P 500 3,818.80 -35.63 -0.92 Nasdaq 11,364.73 -107.87 -0.95 Russel 2K 1,728.18 -3.83 -0.22 VIX 27.29 1.12 4.28 Yet another red day - VERY red day I should add. All eyes are on tomorrow’s CPI report. I think market is pricing in a very bad news. I can’t believe Powell fooled us stating “Inflation is transitory”. What happened to the “transition”? It feels like the inflation is here to stay.

Closing Bell 07-11-2022

·246 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 31,173.84 -164.31 -0.52 S&P 500 3,854.43 -44.95 -1.15 Nasdaq 11,372.60 -262.71 -2.26 Russel 2K 1,732.01 -37.36 -2.11 VIX 26.17 1.53 6.21 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.

Closing Bell 07-08-2022

·342 words·2 mins
Trading
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
Trading
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
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.