by adammesh | May 19, 2022 | News
Market Recap For May 19th, 2022 Not much changed during yesterday’s trading. Markets started lower, pushed higher, and then back down again. A case could be made for a move in either direction, but the short-term bearish setup that formed on the S&P points...
by adammesh | May 18, 2022 | News
Market Recap For May 18th, 2022 So much for higher prices. In what has been a common occurrence over the past 2 months, rallies end quickly and are commonly reversed. Unfortunately, so are the selloffs. Yesterday left a definitively bearish tone, so expectations...
by adammesh | May 17, 2022 | News
Market Recap For May 17th, 2022 Monday’s consolidation led to an upside break, which was the likely outcome based on the preceding move. Tuesday’s rally was still in full force at market close, which means higher prices should still be coming. Yesterday’s Sector...
by adammesh | May 16, 2022 | News
Market Recap For May 16th, 2022 Not much happened in yesterday’s market. The major indices waffled from red and green, ultimately closing after having made little progress. Monday appears to have been a consolidation day, but at consolidation before heading higher, or...
by adammesh | May 14, 2022 | News
Market Recap For May 13th, 2022 Thursday’s closing stretch was a bullish one, so following through on Friday was not much of a surprise. The market is overdue for a relief rally, but it’s hard to say whether or not the current one has legs, or will it be over almost...
by adammesh | May 13, 2022 | News
W&T Offshore, Inc. engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. Take a look at the 1-year chart of W&T (NYSE: WTI) below with my added notations…...
by adammesh | May 12, 2022 | News
Market Recap For May 12th, 2022 As has commonly been the case lately, markets waffled from down to firmly in the green to solidly in the red. Days have been riddled with back and forth. However, when it’s all said and done, the direction has remained lower....
by adammesh | May 11, 2022 | News
Market Recap For May 11th, 2022 Whatever slight signs of bullishness that had developed on Tuesday were quickly squashed on Wednesday. Most of the damage hit the Nasdaq, again. Yesterday’s close was clearly a bearish one. Traders would be advised to avoid holding any...
by adammesh | May 10, 2022 | News
Market Recap For May 10th, 2022 Tuesday saw stocks jump right out of the gate, and to virtually no one’s surprise the market sold into it, as it has done over and over again. It was hard to gain much from yesterday’s price action, there were a few slight signs of a...
by adammesh | May 9, 2022 | News
Market Recap For May 9th, 2022 Pretty rough day to start the week, as all major indices finished firmly lower, and multiple key levels were taken out. As stated in yesterday’s Spotlight, the path of least resistance is down. A bounce is likely getting close, but...
