Market Recap for Wednesday, December 18, 2024
T
TraderMike about 1 month ago
so... much... red... today on this page!
- The heatmap looks like a bloodbath.
- IWM has given back all its post-election gains.
- % of Stocks Above Their 50-Day Moving Averages plunged to 32 -- quickly approaching oversold levels
- SPY, IWM & DIA all broke their 50 DMAs
It's feeling like we're in need of a flush out, especially when I see crazy speculation like what's happening with the quantum computing stocks (doubly so with the fake quantum stocks!)
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