Market Recap for Tuesday, March 14, 2023

S

SwingTradeBot about 1 year ago

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

0 Reply
T

TraderMike about 1 year 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.

0 Reply