Market Recap for Tuesday, March 14, 2023


SwingTradeBot 18 days ago

What are your thoughts on 'today's (2023-03-14) market action?

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TraderMike 18 days ago

Well the NASDAQ 100 (QQQ) sticks out like a sore thumb on the index trend table.  It's green on all 3 timeframes while the other indices are mostly red.  So large cap tech is showing some serious relative strength while in the broader market only 27% of stocks are above their 50-day moving averages.  Today's bounces in the other indices look more like dead cat bounces than the start of a lasting move.  We may just be in a holding pattern without resolution until the Fed meeting next week.

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