STOCK MARKET WATCH -- Friday, 30 September 2022

[Tansy_Gold]

STOCK MARKET WATCH, Friday, 30 September 2022

Previous SMW:
SMW for 29 September 2022




AT THE CLOSING BELL ON 29 September 2022


Dow Jones 29,225.61 -458.13 (1.54%)
S&P 500 3,640.47 -78.57 (2.11%)
Nasdaq 10,737.51 -314.13 (2.84%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

Capitalism creates a wholly new terrain of social relations external to the local terrain and the particularities of personally mediated economic and social relations. It creates an extralocal medium of action constituted by a market process in which a multiplicity of anonymous buyers and sellers interrelate and by an expanding arena of political activity.

Dorothy E. Smith. The Everyday World as Problematic: A feminist sociology. Northeastern University Press. (c)1987.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Technically we are in a bad place

Last edited Thu Sep 29, 2022, 08:46 PM - Edit history (1)

I watch big blue chips, tech. Many hovering just above breakdown level. Intel INTC confirmed breakdown today. But Micron MU may hold support. Secondary stocks continue to fall. Mutual funds, indexed or managed, all hold the same 30 large caps. I think we're less than 1/2 way to the eventual bottom. Hedges are working for me, but not very well, and they need constant churning. While volatility is low there is always the threat of further downside. It's been a brutal 2 weeks. 350 points a day plunge.

NKE swing and a miss, down 12% after market. Major inventory buildup and lowered outlook for the rest of the year. Not a surprise to me. NKE has far too many styles, and that is expensive. I only see wide toe running shoes in Nike Air, the top of the line $$$ product. Why can't we have that in $65 shoes? So I think they've lost focus. And they are a harbinger of other consumers goods companies.