Let's see what the charts are suggesting now.
The charts indicate that even the SPDR Dow Jones Industrial Average ETF, which has been a bright spot since early October, appears to be losing steam.
What happened on Monday, was largely profit-taking, pin action related to a couple of large names, and defensive selling.
The Fed remains very hawkish, and the market's inclination to fight it has been a consistent mistake this year.
Let's look at the problem with saying China caused the pullback. Also, let's check some uptrend lines, the overbought condition and the Russell 2000.
Failure after failure shows analysts got it all wrong on SkyWest Inc. Here's how to play the stock.
The Monday after Thanksgiving is usually a down day, and that tradition played out today.
Here is my investment rationale.
Don't be in a rush to buy the shares.
Markets are forward looking, not backward looking.
Don't put too much faith and trust in anyone's point of view.
The market action now is mostly index driven.
If one looks hard enough there are still some reasonable values to be had.
I had previously written that CEO Tim Cook has 'pulled it off again.' Well, maybe not.
The companies have entered into a 30-Year commercial agreement.
A social media giant, an online marketplace, a semiconductor producer and an automaker make the latest list of unloved stock losers.
It's hard to buy the "everyone is bearish" argument, but there are reasons to believe there could be selling pressure as the end of the year approaches.
The tech giant could see its technical signals weaken as its shares take a hit from the impact of Covid protests in China on iPhone output.
This week a number of Fed speakers will crawl out of their respective cages and probably opine publicly on such topics as inflation and economic growth.
It would not be inconceivable for a larger industry player to come in with a bid for the whole company.
The S&P 500 is hitting overhead resistance as this news flow develops, so the risk to the downside is more pronounced.
We should get some volatility in early December, and the Dow Jones Industrial Average is what looks most vulnerable.
These recently downgraded names are displaying both quantitative and technical deterioration.
With the possibility of a sale of MANU getting kicked around, it's game-on for owners of the shares.
Let's explore MLPs that can offer above-average distribution yields.
Sure, the market can keep running, but that also sets up a high risk of an abrupt pullback.
Periods of economic weakness put into sharp focus those companies with reliable earnings streams, and in particular, reliable dividend streams.
Tesla was painted as a China Play, and with China slowing so much that its Central Bank is throwing open the monetary spigot, look for Elon to focus his energies elsewhere.
This retailer will do well as consumers on a budget seek ways to stretch paychecks.
It's hard to blame the consumer for pulling back as we head into 2023.