Can Stocks Survive This Week’s CPI Report?

Can Stocks Survive This Week’s CPI Report?

Volatility of the financial markets. For the second week in a row, the weekly changes in the market averages hid the volatility that many traders experienced. As far as big tech is concerned it was another week where some owners of large technology shares were happy, and others were not. Most holders of Meta Platforms Inc. (FB) were not happy even though it was a consistent favorite of guests on CNBC. According to the WSJ a month ago, there were 38 buy recommendations from analysts, 11 holds, and just one sell recommendation. Most of the analysts I believe use primarily fundamental, earnings-based data, to determine their buy/sell opinions and price targets. Conclusions based on technical analysis, that depend on the interpretation of hard market data, are often quite different. Fewer stories like this When FB made its high last September the volume was low and the on-balance-volume (OBV) dropped below its WMA two weeks after the high. The subsequent decline below the support at line c, was a further sign that the sellers had taken over. It is also a negative sign that so far in 2022 FB has consistently closed below its 20 week EMA. In contrast to the