Market Recap for Friday, March 17, 2023


SwingTradeBot 6 days ago

What are your thoughts on 'today's (2023-03-17) market action?

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TraderMike 4 days ago

The chop continues and just like that everything in the trend table is red except for the all green NASDAQ 100.  I'm really starting to doubt if this hide-out-in-big-cap-tech trend is going to end well. 

The "% of Stocks Above Their 50-Day Moving Averages" made another new 2023 low and that's definitely got my attention. I think the quickest way out of this choppy environment would be a selling crescendo that takes that indicator down to 10% or lower.

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EmbarrassedTrout424 3 days ago

Pretty much in agreement with your thoughts here TraderMike.

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