Market Newsletter - Week of Mar 18, 2024
Get an inside look of what's to come in the market this week and what stocks to watch out for!
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MARKET NOTES GOING INTO THIS WEEK.
What started with a strong bounce off the 20MA on daily, soon saw resistance at ATH and fizzled right back down to the 20MA. this pull back gave us a doji right on the 20MA on friday, which gives us solid and defined levels of risk going into this week.
Here is a look at some of the sectors for the last week and how they performed:
FEAR AND GREED INDEX
MARKET OUTLOOK
With the market sitting on the 20MA as a doji and FOMC rate decisions again this Wednesday, all eyes will be on what the feds decides to do yet again. The consensus Is that the fed is going to hold the rates. However on the technical side of things, a bounce off the 20MA and above that doji on Friday could get us to retest ATH, and a BREAK under the 20MA and under that doji could bring in some short term selling pressure to pull us to that 504/503 support on daily.
UPCOMING IMPORTANT MARKET EVENTS:
UPCOMING EARNINGS FOR THE WEEK
MOST ACTIVE STOCKS FRIDAY:
SOME MEMBERS SUCCESS LAST WEEK
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