‘S&P 500 to hit 3,500’: J.P. Morgan warns of 15% drop by summer — For the past month, the S&P 500 has been hovering mostly around the 4100s without breaking out meaningfully in either direction. However, J.P. Morgan’s head of technical strategy Jason Hunter thinks that is about to end, and not in a good way for the bulls – at least in the short term. “We continue to expect a sell off from that area to retest medium-term support at the 3764 Dec low and 3760 Oct 61.8% retrace this spring, and look for an eventual extension back to key levels near 3500 by early summer,” Hunter recently said. “We believe that will ultimately set a cycle bottom, especially if that weak performance is accompanied by impulsive yield curve steepening. Until that setup emerges, we suggest maintaining a bearish bias and staying defensively positioned.”
Look at a 5 day chart / and overlap with when I brought it to the buy table... coincidence? Or are we that powerful now-- RIDE ROBIN HOOD RIDE-! Triple Flag Precious Metals Corp. (TFPM) NYSE - Nasdaq Real Time Price. 17.23+0.43 (+2.56%)<-------------- As of 01:45PM EDT.
I can't believe it my 2:00 Interview on The Russian war has been put off. Something about The Fed....
$20 move TY GBA-! SiteOne Landscape Supply, Inc. (SITE) NYSE - Nasdaq Real Time Price. 157.77+10.50 (+7.13%) As of 01:48PM EDT. Market open.
I have developed a killer attack plan for Ukraine spring offensive. I don't want to give too much away.
Here is another Bottom candidate-- SCVL full move 01'---$18------>$43 = $25 /divide by 2 = $12.5 18 + 12.5 = $30.5 <-- Target Price*************************** SCVL Shoe Carnival, Inc. Add To watch))))))))))))))))))) $22.90 0.09 (+0.39%)2:15 PM 05/03/23 NASDAQ | $USD | Realtime
5 Days up 15% No real Vol but news due shortly......... RAIN Rain Oncology Inc.- Keep Them fingers crossed! $8.09 +0.68 (+9.18%)
Hey if you guys can help me out. I think tomorrow I want to remove ON semi from my son's custoldial account. His cost is around $26. He's had it for a long time. Do I use ANF as a replacement because he has shown interest? It's a good teaching moment or would he be better served in that Gold play we are looking at? ON ON Semiconductor Corporation $80.30 +1.13 (+1.43%)2:27 PM 05/03/23