by cowts_admin | Jun 27, 2023 | Stock Market Recap
The recent rally ground to a halt as “nervous Nelly” amateur investors took profits, which is typical of them. Most stocks declined on the week. Analytics suggest the pullback in stock prices is not reason for selling long positions now, just a pause. For us it was...
by cowts_admin | Jun 20, 2023 | Stock Market Recap
Stock prices continued upward as more investors joined the rally which has been underway now for several months, encouraged by the Fed NOT raising rates for once. Gains off the recent index lows are sufficient to qualify this as a “bull market”. With signs that...
by cowts_admin | Jun 12, 2023 | Stock Market Recap
Even more investors became buyers (“FOMO” reaction?) of more stocks than just the popular few mega-stocks, driving prices and the major indexes higher again. Amazing the gains that can materialize quickly when stocks are “bought low” and then a price uptrend holds...
by cowts_admin | Jun 5, 2023 | Stock Market Recap
More investors became buyers, perhaps in “fear of missing out” on a potential rally. Prices of most stocks rose, not just the few mega-cap stocks that have been driving the indexes higher. The debt ceiling deal was indeed a relief to investors, as was another good...
by cowts_admin | May 30, 2023 | Stock Market Recap
Buying interest continued among investors, possibly on expectations of a debt ceiling deal being reached – which did occur over the weekend although not finalized yet. Despite expectations of another Fed rate hike in June, our technical analysis of chart data...
by cowts_admin | May 25, 2023 | Stock Market Recap
Some buying interest among investors finally materialized, moving prices higher, although underlying negative economic conditions remain unchanged (wasteful federal spending taking place, an unresolved debt ceiling, the Fed planning more rate increases, persistent...
