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Great Sources For An Optimistic Outlook.

Great Sources For An Optimistic Outlook.



                         If you are new to the world of personal investing, or if you have been around for one year or more, you might be seeing news about the bear market. After one day of bear market news, you might come across bull market news. It can be confusing and there is no denying it! I am going to share some healthy, and refreshing links to try and show where the market is at today, and where it could be headed for the year.

                I spend most of my time tracking the S&P500, $SPX, but primarily the financial sector of the S&P. I spend a lot of time talking with mentors and other daily investors, and this is the most important source that I use. I never turn away from asking experienced traders questions, and neither should you. A few other sources I use is as follows.

             I use MarketWatch (https://www.marketwatch.com) for their AdvancedChart. I don't use market watch for news so much since they have so many independent writers. There are a lot of op-ed writers with their own market analytics who turn to MarketWatch. I find the AdvancedChart for MarketWatch to be clean and very user friendly. It is easy to see MACD lines, complete market movements for a trading day period, it is easy to compare ticker symbols, it has multiple frequencies and displays, and has great pre-market and after hours trading volumes and prices. The only complaint is that the lowest frequency is a 1-minute update, but it usually updated every big volume trade or every 30 seconds. So, I don't have much of a complaint.

          Some other sources I like to use are the FDIC (Federal Deposit Insurance Corporation) and the FRB (Federal Reserve Board). Since I follow banks and the finance sector, I like to keep my eye on the federal calendar and important meetings coming up. I also have financial updates from the companies in the finance sector of the S&P. These updates get me corporation position changes and new products or moves the companies are making. I also get quarterly earning updates and projections for the year. These all adjust and affect the stocks I invest in, which all affect the S&P. Every little update makes a difference in the market.

                With the sources I use, I apply all of this to my investments. I also use this data to share with you! The people that follow me! I am optimistic about the market this year for finance companies. Finance companies are easing down a little bit. There are not very many layoffs and they are great at holding cash when needing, or buying back stocks when there is excess cash. Although the market is retreating to a bearish market, the finance companies are staying consistent and the market is in a much different position than 2008 from a banking and loan viewpoint.

    Make sure to give me a like and follow if you like what I post. Shoot me some messages or comments with what you think as well!

Quinton S. Young
QSYCapital, LLC.
14 February 2023

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