Greetings fellow stock market investors and traders!

Here is your daily update on the stock market. Upvote if you find the information helpful, and follow for frequent updates on cryptos and stocks.

S&P 500 1-Day Performance Map and Daily Candle Chart

1 Day Performance Map:

Daily Chart Technical Analysis:

Market Summary

The S&P 500 took another hit, declining over 1%. I think these last two days are a healthy correction, and I am still maintaining my short term bearish sentiment and long term bullish sentiment. The 20 day MA is minor support while the 50 day MA should provide stronger support.

Stocks to Watch

1. AAPL - Buy at around $159.50

Weekly Chart

Daily Chart

Analyst Recommendations

2. SMH - Buy at the channel support line, currently around $101.00.

Weekly Chart

Daily Chart

Disclamer:

I am not a financial adviser nor is this professional financial advice. These are just my opinions and you should do your own due diligence before making any investments.