Selasa, 31 Januari 2023

These stocks are trending upward very strongly!

Celeste Lindman asks: "Can the overbought rally hold, or is it time for a rest?"
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The Financial Hurricane of 2023 is Hitting Shores…
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The first Fed announcement of 2023, a jobs reports, and earnings from AAPL, AMZN, and GOOG is a lot of action for the market this week.

Can the overbought rally hold, or is it time for a rest?

One thing is for sure: Volatility will be in full force.

I'm watching levels noted on the S&P Futures chart above for a power range of about 4150 down to 3970.

The 200-day moving average still moving down (yellow line) is probably too tempting a target for at least one of the news events this week.

If hit, will the 200-day area end up being a buying point or a give-it-up point? Think and win!

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  • This week's biggest Fed report — and what to expect tomorrow!
  • These stocks are trending upward very strongly!
  • One ETF is stronger than energy right now!

Click Here To Watch Now!

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My pivot on the ES (S&P 500 futures) today is 4035.

Resistance is 4075 and Support is 3995.

The market sold off some overnight with the ES trading down to 4007.

The probabilities are on the low side today so it would not surprise me to see a rally this morning that fails.

Be sure to listen to my TBUZ TV this morning by clicking here.

Click to get today's Pre-Market Planner Numbers here.

~ TBUZ

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