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Economy

bucolic_frolic

(47,380 posts)

1. Are you watching the charts?

Reply to Tansy_Gold (Original post)

Thu Jun 23, 2022, 03:50 PM

Jun 2022

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.

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STOCK MARKET WATCH -- Friday, 24 June 2022 [View all] Tansy_Gold Jun 2022 OP

Are you watching the charts? bucolic_frolic Jun 2022 #1