A nice little Trading Day
Some of the stock indexes hit their 200-day averages yesterday, namely the FANG and DOW indexes and we are getting a bounce. This may last for a day or two, but do not be surprised at the Market Bubble that was built over the past eleven months, to be burst next week.
Today’s bounces appear to be most active in the areas that have shown the most weakness since January 3, 2022, when the latest decline within the Bubble started.
I may get around to putting out Part III of the 2022 Outlook later today.