Market faded after gapping up on a smaller than expected CPI (March) number that was released ahead of the open. $MGK -0.61% rolled over, but
Category: Market Updates
Market remains resillent as $MGK names pare early losses of -1.6% to close with a -0.3% loss. The recovery effort assisted all cap weighted and
Market rebound coincides with a bounce off the rising 10-MA in $QQQ and $XLK as highlighted yesterday. $MGK also bounced off its rising 10-MA with
Major indexes all logged losses with new lows of -147 the highest since 27/3. Renewed selling pressure surfaces in $KBE -2.0% $KRE -2.2% as market
Further positivity as banking worries further eased following a congressional hearing on $SIVB bank failure. $SPY is now +ve for March, $QQQ is inching towards
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