Despite the gloom and doom and increased volatility, money seems to be moving into the stock market. On the surface, there is high anxiety in the markets. Certainly, the potential for more problems in banking remains well above average, as rumors surfaced late in the week suggesting Deutsche Bank (DB) […]
The NASDAQ Is Eyeing A Major Breakout Level
Ultimately, breaking out above the August 2022 high represents the key level to reverse the downtrend that began in early-January 2022. I like to use longer-term charts to determine whether we’re currently trending higher or lower, and right now the downtrend is firmly in place: The numbers on the above […]
Week Ahead: A Shaky Start To The Week Likely; NIFTY Rests At Crucial Supports
It was a volatile but largely quiet week for the markets. Over the past five sessions, the markets were able to defend their opening lows and were trading flat until the last trading day of the week. The negative closing of the last trading day saw the markets ending in […]