Many teens think they know almost everything – that is until they have to experience adulthood for themselves. Parents of adult children will likely tell you that when their children were teens they, as parents, “knew nothing,” but when the magic of adulthood came around, everything changed.
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**Nov. 18,2022 **- A lot of volatility back and forth this past week but not much commitment in either direction. The number of Put hedges has dropped off significantly and it just “looks” like the markets “want” to go higher but need a good reason to do so.
We remain in a broad trading range that speaks of base building and thus a possible . . . change in trend. As the 3rd quarter earnings wrap up the stage is set for the holiday season and that may (just may) be a spark. The next FED meeting is December 14 and there is MUCH anticipation as to the next interest rate announcement (the bet is on ½%).
Semiconductors want to be loved along with Biotech but there is more smoke than fire in those sectors. Next week will be a short trading week, so I’m not anticipating much will be happening. For those in the US, Happy Thanksgiving. ………….. Tom …………..
Price chart by MetaStock; table by www.HighGrowthStock.com. Used with permission.