December 19, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Wipe Out Some Momos

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows the drop in the stock market after the Fed decision yesterday.
• The chart shows the drop yesterday was on higher volume.  This indicates conviction.
• Yesterday was the biggest drop after the Fed decision since 2001.
• Now, the Dow Jones Industrial Average (DJIA) has been down for ten days in a row.