The markets are down again after the S&P 500 and Nasdaq climbed for three straight sessions on Thursday — and more in Friday’s stock market recap.
The Nasdaq and the Dow opened lower after a three-day rally. But in this kind of market, such movement isn’t unusual, especially when we’re seeing 600-point swings on a daily basis in the Dow.
The good news is that despite the volatility, momentum levels are starting to come back up. About 32% of stocks in the Nasdaq are trading above their 200-day moving averages, so there’s likely not much downside left in the market in the near term.
And if the major indices can rise above their 200-day moving averages, there will be a large influx of buyers, propelling the market higher.
In this morning’s stock market recap video, you'll discover bullish levels for the major indices… which non-energy stocks are making waves… what volatility and market internals are pointing to… whether small caps are ready for action… and how to trade the current market effectively.
1 ETF, 1 Option Play as the Fed Prepares to Raise Rates 6 More Times
March 17, 2022
In Thursday’s stock market recap, futures were slightly lower following the Federal Reserve’s decision to raise short-term interest rates by 25 basis points.
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