$S&P 500(.SPX)$ - Daily Chart:Solid recovery of the 20DMA, and price closed below 5DMA.As mentioned at noon, for the bull case I would have liked a red day instead of a green one, but we had the opposite. 5DMA has to be recovered tomorrow, so this move does not end as a bull trap.I will share a special publication mostly open for everyone later today with further analysis for #SP500 and contextual charts for $iShares Russell 2000 ETF(IWM)$ .Imagehttps://x.com/SmartReversals/status/1815482640457142693
$CrowdStrike Holdings, Inc.(CRWD)$ No software in history has caused as much mayhem as crowdstrike has done. They likely will incur large payouts from lawsuits. I am also wandering whether you can have a security software that does not interfere with the main function of operation system and other major softwares? I sometime have issues with Microsoft excel and words, are there also related the security softwares?It was an update. They did it to themselves. Bricked a big chunk of America’s infrastructure. It wasn’t a hurricane, ice storm or tornado. It wasn’t a loan call, derivatives or penny stocks, secret recording or a faulty O-ring seal. More losses in the days to come.
Talk about buying the dip! Cathie Wood $ARK Fintech Innovation ETF(ARKF)$ and $ARK Next Generation Internation ETF(ARKW)$ just scooped up $12 million worth of $CrowdStrike Holdings, Inc.(CRWD)$ stock following the recent tech meltdown. This move comes after CrowdStrike's major software glitch caused widespread disruptions globally. While many investors ran for the hills, Wood saw an opportunity. Is this another example of Wood's famous contrarian strategy, or a risky bet on a company facing serious challenges?