Chart: QQQ daily
Chart: SPX daily
Chart: DIA daily
With the end of the year fast approaching, U.S. stocks received a wave of buying interest on Thursday. The Nasdaq led the rally among the major averages, climbing nearly 3%. Meanwhile, the S&P 500 rebounded after ending the previous day with its lowest close since the first half of November. The broad-based rally included gains in all 11 S&P sectors. This included greater-than-2% gains in Communication Services, Consumer Discretionary, Info Tech and Real Estate.
However, trading volume still remained thin, with a sizable number of market participants still on vacation for the holiday-shortened week. At the same time, a relatively light news flow will likely continue to leave the market without many catalysts to drive trading.
From tech side of analysis, QQQ is the first one to re-test October lows, SPX and DIA still have a long way to go (if there's nothing that drives trading upwards)
Today is the last trading day of 2022, so how about we stay out of trading today and take a break.
See you all , NEXT YEAR.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.