Weekly Market Outlook

Several Sectors Turn Upside Down. Who’s Next?

April 21, 2018

Last week stocks tried to move into a bullish phase by moving over the 50-day moving average, but ran into some head winds with rising rates, and a couple of sectors that turned upside down. Since the February lows, the 50-day moving average in the SPY and QQQ has proven to be an area from which these markets have either rallied nicely, or fallen painfully.

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