SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : News Links and Chart Links
SPXL 222.73+1.6%Nov 28 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Les H3/30/2023 8:29:36 AM
   of 29601
 
Stocks rallied on Wednesday as portfolio managers padded their books with some of this quarter’s winners in the technology sector. The S&P 500 Index closed with a gain of 1.42%, inching above intermediate resistance at the 50-day moving average at 4014 and moving marginally above the confluence of resistance at major moving averages in the range of 3900 to 4000. Despite the break, a short-term trend of lower-lows and lower-highs remains stemming from the peak charted in February. A similar path of lower-lows and lower-highs can be seen of the MACD indicator, highlighting the lack of momentum in the market amidst macro fundamental strains. Concerns on the fundamental and technical front have kept us cautious, but we still don’t have reason to deny the potential of the strength in the equity market that is normal for March and April. In the Super Simple Seasonal portfolio, we have a healthy balance of offence (stocks) and defence (bonds), but any strength that is revealed in stocks through the month ahead will likely provide the opportunity to peel back on our risk exposure and hunker down for what seems probable to be a weak period for equities during the traditional off-season for the market.

equityclock.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News