Market back near HIGHs but volume is low suggesting current rally is supported on lower volume. Earnings season is almost over and could not provide much needed push to this market. Geo-political issues are also keeping lid on this market. Where is all this leading towards!!! and What can we expect in summer months?
Market is moving in a narrow range and trying to hold near recent HIGHs. Earnings season is winding down and has not yet provided much needed push to this market. Also geo-political issues are keeping lid on this market making it more vulnerable to downside. What shall we expect in coming weeks?
Earnings season is underway and has NOT been spectacular so far which has caused this market to go choppy in a wide range forming a megaphone type pattern. Also Ukraine situation is adding more fuel to this choppiness along with seasonal weakness in the month of May. What shall we expect in near term?
A look back from March 2014 will reveal that market is moving in a zig-zag pattern frustrating both BULLs and BEARs. Earnings season is underway hence we should expect lot of volatility. Geo-political issues are keeping a lid on this market causing more grinding and lack of direction. What shall we expect in near term?
From past two weeks, market is moving in a narrow range though in pullback mode. However, it has managed to stay above MA(50) giving benefit of doubt to BULLs. Will this market make another attempt at All Time High OR Will it start a meaningful pullback/correction!!! Whats in store for us?
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