April 21, 2018
Weekly Market Outlook
By Geoff Bysshe
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. This time will likely be no different.
In this week’s videos you’ll see:
- Why the market has been struggling to move higher,
- How to confirm that the bulls are in control, and
- What to look out for to avoid getting trampled by the bears.