Another broad based orderly selloff to the market, another day of shaving down exposure. Both $SPY & $QQQ have sliced through its rising 20MA, leaving
Category: Market Updates
Enthusiasm to anticipate a re-test of downtrend line on SPY was dampened with suggestion of Fed benchmark rate to be higher than the expected 5%.
Quiet week ahead on economic data front (ISM Services on Monday, PPI on Friday) reducing risk of data driven gap down opening throughout the week.
Market shaped up and closed strongly without revisiting its low from a downbeat opening after a stronger than expected NFP (a good news that is
It was another winning week for the stock market amid thinner holiday trading conditions. S&P 500 is up 1.5%, while tech heavy Nasdaq Composite also
Load More