Wednesday, May 10, 2023 7:21:52 PM
While there are a small number of large-cap and tech stocks keeping this market up, the trend continues to be down. The $NYSI chart continues to move down and is about to cross below the 0.0 line.
I am thinking one bad news event as a catalyst to shake out confidence would start the ball rolling downhill. See the Bloomberg article link below.
Get your UVIX lottery ticket while you can. It could be epic. GLTY
https://archive.is/www.bloomberg.com/news/articles/2023-05-09/goldman-sachs-warns-of-stock-market-volatility-vix-as-quant-traders-pile-in#xj4y7vzkg
https://stockcharts.com/h-sc/ui?s=%24NYSI&p=D&yr=1&mn=1&dy=1&id=p03308566192&a=1330618129
I am thinking one bad news event as a catalyst to shake out confidence would start the ball rolling downhill. See the Bloomberg article link below.
Get your UVIX lottery ticket while you can. It could be epic. GLTY
https://archive.is/www.bloomberg.com/news/articles/2023-05-09/goldman-sachs-warns-of-stock-market-volatility-vix-as-quant-traders-pile-in#xj4y7vzkg
https://stockcharts.com/h-sc/ui?s=%24NYSI&p=D&yr=1&mn=1&dy=1&id=p03308566192&a=1330618129
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