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Closing Bell 6-23-2022

·324 words·2 mins·
Trading
Yaheya Quazi
Author
Yaheya Quazi
Indeed, the mercy of Allah is near to the doers of good.

Market Summary

IndexValueChangePercentage
Dow30,677.36194.230.64
S&P 5003,795.7335.840.95
Nasdaq11,232.19179.111.62
Russel 2K1,711.0620.951.25
VIX29.030.100.35

What a volatile market! I am glad all indices ended up solid green at the closing bell. VIX continues to go down and that is the actual progress. Bond yields slip that is generally good for the market.

Tesla stocks are giving up steam, focusing on ongoing supply chain matters, China Covid resurgence. Supply chain issues are not new, however, Musk mentioning it in a crude way just gets the good old FUD go out of control - hence drop in stock price. Fundamentally, not much has changed. The extreme volatility of Tesla stocks and their stock holders, will get rewarded for sticking through this roller coaster ride - I am sure of it. After closing, TSLA ended up marginally higher.

In my portfolio, Chinese stocks are doing comparatively better. The main reason is in my opinion, they got beat up bad and the current Chinese government quantitative easing. NIO has been pretty much hosed in the last six months, however, showing signs of relief. Today at one point went above 23 at the time of writing this post was 22.94.

Prediction for 06/24/2022 :

At the time of writing this post, all indexes future are slightly down. I predict tomorrow will be a red day. In addition it is Friday. I am hoping the red day is minimal and not a massive cut to lower level. Fingers crossed!

Strategy :

  • I predict all indexes will end up green in 2022.
  • Tax losses!
  • Focus on long term growth
  • NIO price target by end of 2022 - $30 (minimum)

News :

Related

Closing Bell 6-22-2022

·201 words·1 min
Trading
Market Summary Index Value Change Percentage Dow 30,483.13 -47.12 -0.15 S&P 500 3,759.89 -4.90 -0.13 Nasdaq 11,053.08 -16.22 -0.15 Russel 2K 1,690.28 -3.75 -0.22 VIX 28.36 1.41 5.23 NO SURPRISE! Red day, although mid trading day all indexes were green but gave up all the gains by the closing bell. I am glad at least, the down turn is small essentially flat. VIX decreased, which is good. Ideally, we want to see it below 20. We have a long way to go up there!

Closing Bell 6-21-2022

·289 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 30,530.25 641.47 2.15 S&P 500 3,764.79 89.95 2.45 Nasdaq 11,069.30 270.95 2.51 Russel 2K 1,694.03 28.34 1.70 VIX 30.19 -0.84 -2.71 A Very green day and what a relief! All indexes are showing solid gains. The million dollar question is - the gain is here to stay?

Closing Bell 6-17-2022

·195 words·1 min
Trading
Market Summary Index Value Change Percentage Dow 29,888.78 62.46 -0.13 S&P 500 3,674.84 8.07 -0.22 Nasdaq 10,789.35 152.25 1.43 Russel 2K 1,665.69 15.86 0.96 VIX 27.23 -1.82 -6.27 As predicted market ended up closing green - somewhat!. Nasdaq which had taken the worst beating yesterday went up the highest. However, after a brutal day yesterday, one should expect a very green day - that was not the case. DJI essentially closed flat while S&P marginally up. I follow VLO which had a nice run and dropped a bit in the past few weeks.

Closing Bell 6-16-2022

·232 words·2 mins
Trading
Market Summary Index Value Change Percentage Dow 29,927.07 -741.00 -2.42 S&P 500 3,666.77 -123.22 -3.25 Nasdaq 10,646.10 -453.00 -4.08 Russel 2K 1,649.84 -81.30 -4.70 VIX 32.95 3.33 11.24 An overall extremely down market today. Yesterday’s gain was completely wiped and then added to some more losses. DJIA, Nasdaq hit fresh new lows. All investors want to know, is this the bottom or there are still room to go down! VIX is up almost 11.25 %. This indicates there is FUD (Fear Uncertainty Doubt) exists. In my personal opinion, VIX >= 28 indicates extremely high buying opportunity.

Bing Image Gallery and Power Automate

·117 words·1 min
Personal Technology Power-Automation
I downloaded the Bing wallpaper app. It is actually awesome, everyday I turn on my computer to see what kind of wall paper I get for that day. Most of these are amazing! I use them in my desktop and also as my zoom background! Finally, I created a small Power Automate routine, that downloads each day Bing wall paper and saves it on to my drive.

Movies/Shows I recommend - Netflix

·237 words·2 mins
Movies Personal Netflix
This post is for those who love movies and shows like me. I will try to post rare finds that are not always 100% scoring in rotten tomatoes nevertheless in my opinion well worth it to watch. Today’s posts can all be viewed in Netflix.