29Mar3:49 pmEST

Does Anyone Even Know the Plot?

This market earns plenty of style points below the surface, be it the epic FIZZ short squeeze (seen below on the daily timeframe), or the legendary residence of major leaders like AMZN FB NFLX PCLN, among others. 

But now we want to see if the rally will broaden out to the plethora of charts which are setting up well, coiled after prior uptrends and threatening new legs higher. 

There may be a temptation to assign reasons as to why this type of price action is occurring, be it sentiment, the economy, earnings, even outright manipulation. 

But in reality, and rather ironically, the plot to this market is a distraction from the style points bulls are racking up with some of the impressive moves below the surface today while the major averages were mixed and slow, albeit hanging tough. 

More in my recap after the bell. 

A Real Setup for Fake News Stock Market Recap 03/29/17 ...


This website is intended for educational purposes only. | © 2021 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site