Nasdaq and Big Tech Leads Friday, Semiconductor ETF (SOXX) +6.5%

MARKETS TODAY May 25th, 2023 (Vica Partners) On Thursday, US Markets finished mixed, S&P 500 +0.88%, DOW -0.11% and the Nasdaq +1.71%. 6 of 11 of the S&P 500 sectors lower: Energy -1.89% underperformed/ Information Technology +4.45% outperformed.  Treasury Yields, USD Index, Bitcoin and WTI Oil all gained. In economic news, Initial weekly jobless claims … Read more

Wall Streets BIG Thursday Tech Rally, Nvidia Short Sellers Lose $2.3 Billion Today

MARKETS TODAY May 25th, 2023 (Vica Partners) On Wednesday, US Markets finished lower, S&P 500 -0.73%, DOW -0.77%, Nasdaq -0.61%. 10 of 11 of the S&P 500 sectors lower: Real Estate -2.21% underperforms/ Energy +0.52% outperforms. Treasury Yields, USD Index and Oil all gained. In economic news, Mortgage Apps fell for 2nd consecutive week and Crude … Read more

Wall Street Selloff On JP Morgan CEO Dimon’s Op-Ed, NVIDIA Important BIG Earnings Beat in Afterhours

MARKETS TODAY May 24th, 2023 (Vica Partners) On Tuesday, US Markets finished lower, S&P 500 -1.12%, DOW -0.69% and the Nasdaq -1.26%. 10 of 11 of the S&P 500 sectors lower: Materials -1.54% underperforms/ Energy +1.04% outperforms Oil, Gold, Bitcoin and USD Index all gained. In economic news, S&P flash U.S. services PMI came in … Read more

Wall Street Lower on Mixed Economic Data, Republicans Question Debt Ceiling Deadline

MARKETS TODAY May 23rd, 2023 (Vica Partners) On Monday, US Markets finished mixed, S&P 500 +0.02%, DOW -0.42% and the Nasdaq +0.50%. The Russell 2k outperformed +1.22% as SPDR S&P Banking ETF (KRE) was up 3.19%. 7 of 11 of the S&P 500 sectors higher: Communication Services +1.17% outperformed/ Consumer Staples -1.47% lagged. Treasury Yields, … Read more

Golden Cross technical indicator signals a potential bullish trend reversal or continuation

A Golden Cross is a basic technical indicator used in financial markets, particularly in the analysis of stock prices. It is formed when a shorter-term moving average crosses above a longer-term moving average, signaling a potential bullish trend reversal or continuation. Here’s a step-by-step explanation of how a Golden Cross is formed and interpreted: Moving … Read more

Wall Street Returns Weekly Gain “Options Expiration Effect” – Foot Locker Disappoints

MARKETS TODAY May 19th, 2023 (Vica Partners) Yesterday US Markets finished broadly higher, S&P 500 +1.19%, DOW +1.24% and the Nasdaq +1.28%. 7 of 11 of the S&P 500 sectors higher, Information Technology +2.06% outperformed/ Real Estate -0.68% lagged. On the upside, Greed Index, Treasury Yields and USD Index gain. In economic news, data was … Read more

Big Tech Leads Thursday Rally, Walmart Beats and Boosts Full Year Outlook

MARKETS TODAY May 18th, 2023 (Vica Partners) Yesterday US Markets finished higher, S&P 500 +1.19%, DOW +1.24% and the Nasdaq +1.28%. 8 of 11 of the S&P 500 sectors higher, Energy +1.63% and Industrials +1.58% outperform/ Utilities -0.54% lags. Russel 2000 +2.21%. Treasury Yields. USD Index, Oil and Bitcoin gain. In economic news, Housing Starts/building … Read more

Extrapolation Bias or Recency Effect

investors often make the mistake of assuming that a strong company trend will continue indefinitely. This phenomenon is known as “extrapolation bias” or “recency bias.” It refers to the tendency of individuals to assume that current trends and patterns will persist into the future. Investors may become overly optimistic when a company experiences a period … Read more