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
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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
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Further positivity as banking worries further eased following a congressional hearing on $SIVB bank failure. $SPY is now +ve for March, $QQQ is inching towards
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$RSP +0.9% & $EQAL 1.1% closed +ve and it comes with significance as they outperformed their respective capitalization weighted indexes $SPY +0.7% & $IWM +0.9%.
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Major indexes reacted +ve to FOMC Summary of Economic Projections, reflecting a possibility of a pause in rate hikes sooner than later. The +ve sentiment
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