Barely Holding Below the Weekly Support
Tomorrow the 2-day Fed policy meeting will end and that could become the main
catalyst for Wednesday's trading session. Today, there were moderate gains in
the most important indexes and some
Local Optima
Last Minute Rally before Fed Meeting
Some people might see some hope after the last minute rally we saw today in the
main indexes. Unfortunately, I'm not one of them, certainly the lower prices
were rejected but
Mega Caps Also Bleed
We are back at testing the February lows, whatever hope there was with
Thursday's powerful upward movement was crushed during Friday as stocks plunged.
A week ago, in the article I
Big Tech Earnings Save the Day
There was a powerful movement today, in all the important indexes fueled by the
Megacap Tech companies. Meta Platforms (FB) closed with amazing gains of +17%,
the chip companies also had a powerful
Bulls Lack of Power
If we compare the highest levels that the indexes reached around Nov/2021,
versus the lowest levels at which they declined around Feb-March 2022, some of
them got to Bear Market Territory. Updating