STOCK MARKET WATCH -- Friday, 24 June 2022

[Tansy_Gold]

STOCK MARKET WATCH, Friday, 24 June 2022

Previous SMW:
SMW for 23 June 2022




AT THE CLOSING BELL ON 23 June 2022



Dow Jones 30,677.36 +194.23 (0.64%)
S&P 500 3,795.73 +35.84 (0.95%)
Nasdaq 11,232.19 +179.11 (1.62%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Are you watching the charts?

So many big blues look like they double bottomed over the very short term, and the ones I've seen are NKE ABT DIS. Others that have also bounced but less ... LEN MU WMT (but beware they had a reduced outlook going forward).

What I'm saying is at this point, there seems confidence the FED is taking strong medicine on inflation and will succeed. But we still get these 3-7 day sharp moves in the overall market - up or down - and that volatility expected to continue.

Also surprised by precious metals tanking, commodities as well. Keeping an eye on those for the next 3-9 months to see if inflation subsides.