Wall Street Kings

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Nov 21, 2023

11.21.23 Market Update

11.21.23 Market Update

The stock market has been on a rollercoaster ride recently, and today's action was no exception. The S&P 500, a broad index of the U.S. stock market, ended

Nov 10, 2023

Market Update 11.9.2023

Market Update 11.9.2023

The stock market closed lower on Wednesday, November 9, 2023, with the Dow Jones Industrial Average falling 220.33 points, the Nasdaq Composite Index losing 128.97 points, and the S&P

May 21, 2023

5.19.2023 Market Update

5.19.2023 Market Update

The S&P 500 opened the day at 4,170.82 points and exhibited volatility throughout the trading session. It reached an intraday high of 4,190.29 points before encountering resistance,

Oct 20, 2022

10.20.2022 Market Update

10.20.2022 Market Update

There is only phrase to describe what we are seeing in the market right now, and that is "absolute pandemonium." After a strong rally Monday and Tuesday, the market took back

Oct 18, 2022

10.18.22 Market Update

10.18.22 Market Update

Boy has it been a wild few days on the market. Following our last post, things were looking grim, but just like with any good bear market, vicious rallies can occur. While it

Oct 11, 2022

10.11.2022 Market Update

10.11.2022 Market Update

Wow what a crazy day! What we expected to be a boring/choppy day on the market turned out to be one filled with many twists and turns. This includes SPY making a

Oct 10, 2022

10.10.2022 Market Update

10.10.2022 Market Update

After what started that day as a slight recovery, SPY (our favorite ETF that tracks the S&P500) ended down -2.77(-0.76%). SPY is down back into our downward channel(

Oct 7, 2022

10.7.2022 Market Update

10.7.2022 Market Update

After a better than expected jobs report aka lower unemployment lower  and higher Nonfarm payrolls better than expectations (show below), the market sold off hard, with the SPY ending down -2.79%. This

Oct 5, 2022

10.5.2022 Market Update

10.5.2022 Market Update

After a massive 2 day rally, the market has show us it is not quite ready to make its next big move. After being down almost -2% today and up to as high

Oct 4, 2022

10.4.2022 Market Update

10.4.2022 Market Update

Fresh off hitting a new yearly low last Friday, the bulls have raged back and have fought to break SPY out of balance to the upside and outside of the downward channel it

Oct 3, 2022

10.3.2022 Market Update

10.3.2022 Market Update

And just like that the bulls have fought back to, you guessed it, get SPY back into balance on the daily chart (the monthly and weekly charts are still down). We received a

Sep 30, 2022

9.30.2022 Market Update

9.30.2022 Market Update

It took all day but it finally happened. The S&P 500 broke out of balance to the downside. We are now down on the daily, weekly and monthly charts. This is