Market Newsletter - Week of Mar 24, 2024
Get an inside look of what's to come in the market this week and what stocks to watch out for!
Happy Sunday Everyone!!
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MARKET NOTES GOING INTO THIS WEEK.
Ive said it multiple times in the past and if you read anything I write here, you should/would know that I’ve preached that in a strong market the 20MA on the SPY is where we will ALWAYS see buyers step up. And that is exactly what happened last week. another bounce off the 20MA on the daily and push to ATH.
Here is a look at some of the sectors for the last week and how they performed:
FEAR AND GREED INDEX
MARKET OUTLOOK
FOMC is out of the way and the market did a great job holding up. a gap up into Thursday, and a small controlled pull back on Friday still leaves us room and quiet the distance away from the 20MA. a healthy thing to see would be a retest of that stubborn 518 level but even a 20MA touch would be idea… as we are slightly extended from the 20MA I would approach each day as a single day and not anticipate further upside but look for opportunities to take advantage of the dip buy, or even selling pressure back down to 518/20MA
UPCOMING IMPORTANT MARKET EVENTS:
UPCOMING EARNINGS FOR THE WEEK
MOST ACTIVE STOCKS FRIDAY:
SOME MEMBERS SUCCESS LAST WEEK
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