Pre Market Gaps

Brother Bill
August 16, 2024

Not a lot going on this morning market wise. As I mentioned yesterday today is OPEX so a slight stall and or pullback is to be expected. Combine that with just having the best week of 2024 and you can see how a “breather” wouldn’t be a surprise. Any further advances today would not only be welcomed but viewed as continued strength. S + P 500 Support level has now advanced up to 5,500 this week. 5,450 for those with greater risk tolerance.

Oil is having a pullback of it’s own. Oil stocks could be set to see a rebalance in prices for the near term future. That’s something we here at investingwithfaith.com are tuned into as we always search for fresh opportunities. Time to grind

Invest wisely, live charitably and be well

Brother Bill

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