Portfolio Return as of 02/09/2023:
2020: 25.65%
2021: 29.15%
2022: -.019% (SP500 -18.01%)
YTD: +8.29

Wednesday, February 6, 2019

Bull Market or Bull Trap?

Market weakness is shown by lower highs and lower lows, which the chart here of the QQQ, which tracks the NASDAQ 100, indicates has been happening since Oct of last year. The latest rally in January is approaching the last high set in late November. If the market breaks through this, you could anticipate a further rally. If not, then we could get a correction or more. Time will tell. 



No comments:

Post a Comment

Thanks for the comment. Will get back to you as soon as convenient, if necessary.

Freddie Mac Mortgage Survey