Natural-gas drilling has rarely been so profitable. US producers Antero Resources Corp (AR) and EQT Corp. (EQT) are few stocks that shine in a down market.
Antero Resources Corp (AR) daily chart (May 3rd, 2022)
Antero Resources Corp. (AR) vs. EQT Corp. Comparison (AR) (May 3rd, 2022)
Here are some more stocks that are popular among investors. All of these stocks suffer huge losses after four-month market melt-down. All of these daily charts were taken after the market closed on May 2nd, 2022.
These stocks are popular among investors. How many of us have a chance to take a look at their daily charts after four solid months of huge market price erosion. Today, we take few well-known companies' daily charts to illustrate the damages that the market has done to these stocks. It is still hard to predict the market's future when the investment environment is the least desirable for years or even decades. There is one common characteristic among these charts: there are many overhead resistances and few supports. In other words, it is much easier to go lower than to make some headway on the upside.
AMD daily chart (April 29th, 2022)
Today, the S&P 500 Index shows some signs to move higher. However, it is still too early to tell whether it turns into an up trend. Through these two charts, we try to show 1) the challenges that the Index faces and 2) the key price levels that we need to watch for.
Since our March 7th post, the indices stay pretty much the same. However, do these sideway price movements and huge daily price moves affect the overall health of the market? They do. Every price move carries with it a different meaning to the overall market.
The US is about to ban Russian oil imports. When this happens, gasoline price will shoot higher. We need to redo our analyses as our previous analyses did not take potential sharp crude oil price surge into account.
In this turbulent market, it seems a very long time since we covered SPX and NASDAQ Index in our February 26th posts. Today, the market suffered heavy losses. S&P 500 Index closed down 127.78 points and NASDAQ Index lost 482.475 points. It is difficult for any investor to assess the damage done to the market without taking a look at the charts. So, we feature these two charts as the situation warrants.
