Looking at the Macro, we're able to follow a trend line of the peaks, stemming from the early high set in January 2022, followed by another high in March of 2022. We've been in a down market, but that's expected following economic and worldly turmoil. Now's the time where we ride and grind against the trend. These next few weeks will be telling on whether or not...
With the MA performing a Golden Cross on Jan 6th, this lead to a bull run for the S&P 500 for the week of January 20th. I don't expect it to last too long, and it seems to be contending against market pressures to head south as we weather this bear market. Watch for a breakdown back below 4000, or a test against 4070->4065 this week, and a fall next week below 4000.
One thing I like to look at when I'm running T/A is how are the conglomerate stocks doing? S&P; 500 is a good indicator of how the market is doing, due to the nature of the amount of companies. It's currently in a downtrend since the beginning of 2022, which is natural after hitting such a high. What goes up must come down. You can't make money without spending...
Look man, I know Ford is a blue chip stock and it's going slowly nowhere, but I believe with this next earnings and the most recent movement into the EV industry, Ford is going to be one of the top players very quickly.