The Fibonacci extension on the SP500 chart shows that it has reached the 618 halfway move and then blasted past the 100{37471d21a8c4ca072ce05e5c1dfbdaec01ff2ef8391827b0199be0aecce32fae} measured move. So what will happen next? When hot terms like A.I. are used to advertise, say, toothbrushes, have we finally hit the peak? Is this a sign of exhaustion, or are we just getting started?
Another headline another reason for stocks to tank. Today its because some bullshit in Hong Kong. The major indexes are on the decline following last week’s crap shot. Pro-democracy protests in Hong Kong are spooking Wall Street in early trading Monday, as U.S. stocks continued their recent run…
Stocks went nowhere today, but that didn’t stop the Nasdaq Composite from rising for a ninth consecutive day. Getty Images The S&P 500 was little changed at 2,109.66, while the Dow Jones Industrial Average dipped 0.1{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} to 18,116.84. The Nasdaq Composite advanced 0.1{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} to 4,960.9, giving the tech-heavy benchmark its longest winning …
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