The market opened higher but volumes were poor at the open. With a lack of buyers the index began to slip within 20 minutes of the open. This time the fall was fairly sharp and by 11:20 the S&P was nearing the 4275 support level. That brought in a rally which recovered almost exactly 50% of the morning drop. Since then the market has moved back to weakness but as you’ll see below, volumes are lower.
Last Day For The Presidents Day Sale – Prices Will Not Be Repeated In 2022
Don’t forget, the discounted membership prices for both new members and existing members looking to renew, ends today at might, eastern standard time. For new members, the one to 12 month are on sale. I suggest the one month which is discounted for this sale and should give any an investor enough time to determine if the strategies, investing tools and content suits your investing style.
For existing members, all memberships are on sale for renewals including the Platinum and Diamond memberships. These heavily discounted memberships will not be available again this year at these prices. The Diamond membership saves $500 and the Platinum saves $315. These two plans are available only to existing members.
2022 has started off far different from last year but I am still aiming for at least a 20 to 25% return for my portfolio even if the markets did enter a bear market.
I hope investors will take advantage of the discounts.
Let’s look at the stats as markets head out of the lunch hour.
New York Stats:
Volume is below average at 2.2 billion shares traded.
New 52 week lows are at 244 which is the same as yesterday while new highs are just 23, which is lower than yesterday. This remains bearish.
Volume is 54% to the downside which is bearish but better than yesterday.
51% of all stocks are falling which again is a lot better than yesterday.
NASDAQ Stats
Volume is also below average at 2.3 billion shares traded.
New 52 week lows are 479 which is lower than yesterday but still extremely high at 479. New highs are 22 which is worse than yesterday and very bearish. The NASDAQ is in a deeper correction.
62% of all volume is lower which is a bit better than yesterday but not enough to make a difference.
55% of all stocks are moving lower which is better than yesterday.
Outlook:
TSX Composite Index – Canadian Stock Market Outlook
List all intraday chart articles from most recent to oldest
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