Monthly, Weekly, and Daily Market Analysis: June 29, 2024 Monthly, Weekly, and Daily Market Analysis: June 29, 2024 Monthly Analysis: June 2024 As we close the month of June 2024, the stock market has shown a mixed performance. The S&P 500 increased by 182.96 points, indicating a strong month for large-cap stocks. The Nasdaq surged by 997 points, reflecting robust gains in the technology sector. However, the Russell 2000, which represents small-cap stocks, declined by 22.44 points, indicating a slowdown in mid-cap and small-cap stocks. The equally weighted S&P 500 (RSP) remained sideways to down throughout the month, forming a short-term bear flag. Weekly Analysis: Week of June 24-28, 2024 On a weekly basis, the market displayed a muted performance. The S&P 500 fell by 4 points, showing little movement. The Russell 2000, on the other hand, gained 25 points, suggesting a slight pickup in small-c
"Trade what you see, not what you hope" emphasizes the importance of basing trading decisions on objective market analysis rather than wishful thinking. It advocates for a disciplined approach, relying on observable data and trends rather than emotional desires for market performance. This principle underlines the necessity of a strategy grounded in real-time insights and technical analysis to navigate financial markets effectively.