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January 4th - Demonstrations were planned in multiple locations across the United States on the afternoon of January 3rd local time to protest the US military action against Venezuela. One of the groups organizing the protests stated in a press release, "We need to take to the streets and say no to another endless war! The people of this country do not want another war! Americas war will bring death and destruction to the Venezuelan people." Demonstrations are reportedly planned in Chicago, Manhattan in New York, outside the White House in Washington D.C., and at city halls and state capitols across the United States. According to CNN, Venezuelan President Maduro is expected to be transferred to New York today.Note: The press conference held by US President Trump regarding the military action against Venezuela has ended.US President Trump: We know who the bad guys are in the Maduro regime, and we are dealing with them.On January 4th, in response to a question about how this action would affect U.S. relations with countries with interests in Venezuela regarding oil and drugs, U.S. President Trump stated, "As for some countries that need oil, were in the oil industry, and well sell oil to them. We wont refuse to go to those places. In other words, well probably sell oil on a larger scale because their infrastructure is so poor and their production is very limited. So well be selling a lot of oil to other countries, many of which are already using it. But I think more countries will join in."US President Trump: We will ensure that those forced to leave Venezuela are properly resettled.

Stock Markets Continue to Put Up a Fight

Cory Russell

Jul 13, 2022 16:12

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The S&P 500 initially fell during the trading session on Tuesday but turned around to show signs of life.

Technical Analysis of the S&P 500

The S&P 500 has decreased significantly during Tuesday's trading session as a result of the ongoing disruptive behavior. At this time, it seems as if the market could attempt to rise, but before I consider a rally seriously, we would need to break above the 50 Day EMA. Beyond that, there is also the 4000 level, which has a significant psychological component, and the 4200 level, which has very strong structural resistance.


Alternatively, if we go below the candlestick's bottom during Tuesday's trading session, we might pass through the 3800 level and then fall considerably more. Given enough time, I believe that will happen more often than not, but at the moment, it seems like we are just passing the time and attempting to decide what to do next. It's also important to note that the general economic picture hasn't altered significantly and that all of the impulsive swings have been downward with the rare recovery.

 

Since most traders are ill-equipped to operate in a situation where businesses must really create in order to be rewarded in the market, it seems obvious that equities will continue to lose money as inflation and monetary tightening increase. Because the way the markets work is about to undergo a significant change, I would anticipate quite a bit of erratic behavior over the next several months. I'll still be playing this market by fading rallies.

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