Market pulls back!
As we expected, volatility has returned. Markets are down this week -2% on Nasdaq & 1.3% on SP500. This is after healthy gains since October 2019. We expect to see support coming in near 50DMA. This correction was overdue and healthy for the intermediate term trend. Global central banks are pro-active in minimizing the effect […]
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China Coronavirus Outbreak!
It has been three weeks since China officially declared the Coronavirus outbreak. In past week new cases have declined. Concern is expressed in news media on its effect on global economy. Markets have taken this in stride with testing of 50 DMA support two weeks ago and launching new highs past week. In short, market […]
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