Double Bottom test of June Low 220925

The S&P 500 is currently forming a double bottom pattern, testing the June 16th low. NOTE- in a previous post, I stated:  “…the odds of a drop all the way back down to the low is HIGHLY unlikely.”  That was based on the 50% retracement which had taken place in August. Three quick points- “HIGHLYContinue reading “Double Bottom test of June Low 220925”

Resilience of Long Term Moving Average 220815

It’s been a challenging year for the Stock Market.  The attention seeking Media was happy to point out that the “S&P 500 suffered its worst first half of a year since 1970.” Less reported is the fact that following the dismal 1970 first half decline, the S&P 500 bounced 33% from the low to finishContinue reading “Resilience of Long Term Moving Average 220815”

COVID confirmed breakout above 50dma?

The Market looked like it might take a dip due to poor economic data.  Then today it popped back up when Gilead announced positive results from their COVID-19 treatment trial. Is this a head fake or a real breakout above the 50 day moving average?  It looks solid and the S&P 500 is only 2%Continue reading “COVID confirmed breakout above 50dma?”

VIDEO: How to chart a Simple Moving Average

Well…I’m late to the party but I have finally uploaded my first video to YouTube.  It’s an answer to the question that many of you have asked:  How to chart a simple moving average? A link to the video can be found here, as well as all future content that I post to YouTube: http://www.wealthsteading.com/videos/Continue reading “VIDEO: How to chart a Simple Moving Average”