Trade Findings and Adjustments 08-17-23
Keve Bybee – keve@hurleyinvestments.com
What’s happening?
– Fitch coming out again and warning banks that they will
downgrade them if they aren’t careful. (somebody wants attention)
– FED meeting recently indicated that, as a whole, the fed is still
trying to fight inflation and will likely raise rates a few more times.
– SPX turning bearish and breaking the 50dma
– It looks like we are moving into the fall of the Fall. (Bearish sept,
oct time period)
– Nasdaq falling below the 50 dma
– META hitting the 50 dma
– DIS not continuing its take off. Had to get protection back on.
