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10.27.22 – THURSDAY MARKET OUTLOOK

Market Outlook Wednesday
 

The chart below shows the trend after-hours; as you can see, the market sold off heavily. During the regular hours, we finished down -0.61%, and after hours -1.60%. Thanks to Amazon’s rapid selloff (the stock lost 20% AH). But the VIX is positive and in contango. That gives some hope that we will see volatility and large swings but overall, the market will go higher. Also, the market reached (briefly) our 3,900 resistance, and this selloff is consistent with that. So, this may be a pullback that could be expected. AMZN is just an excuse.

 
Market Outlook Wednesday
 

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