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Weekend Review, 12/5: Market in Correction
Nasdaq & S&P 500 closed below the 50-day SMA on Friday as growth stocks sold off. Caution is warranted with initiating new positions.
% off highs:
Nasdaq: -7.9%
S&P 500: -5.24%
Russell 2000: -12.84%
$FFTY: -16.61%
$QQQ $SPY $IWM
$DOCN $ZIM $GLBE $DUOL These are four (I can only post four photos)😂🤣📈 of my favorite IPOs from 2021...what are yours? I can only guess.... $TASK $DOCS $FIGS....etc....etc...etc...so many IPOs in 2021
"Be patient, keep studying, and be 100% prepared. Later, at the least expected time, when all the news is terrible, winter will ultimately pass and a great new bull market will suddenly spring to life." William J. O’Neil