Market Recap For March 24th, 2022 Wednesday’s close was a bearish one, for sure. Expectations were for that bearishness to continue into Thursday, but the market had other plans. Yesterday’s close was a bullish as Wednesday’s was bearish. The move appears to be upward, but will today bring another curve ball? Yesterday’s Sector Performance Technology...Read More

Market Recap For March 23rd, 2022 Caution has been advised over the past few days of the market rally. Yesterday demonstrated why there was a concern. All rallies end, eventually. After the run the market has been on, an extension of the pullback would seem to be in order. Multiple levels failed to hold up...Read More

Market Recap For March 22nd, 2022 Market participants continue to be on guard for a pullback, but Tuesday was not to be the day the market rolled over. Tuesday’s rally seems to have more upside to go, but key resistance marks sit just slightly overhead. Yesterday’s Sector Performance Discretionary had the best day, followed by...Read More

Market Recap For March 21st, 2022 In yesterday’s Spotlight, it was stated that traders should be prepared for a pullback after such a large rally. Monday seems to be confirming that, Odds would seem to favor a continuation of Monday’s weakness, but the market is certainly allowed to rally further, should it deem to do...Read More

Market Recap For March 18th, 2022 Starting from this past Monday’s low, the market was relatively easy to forecast, and Friday was no exception. The rally pushed further. Although there were no signs of exhaustion, yet, last week was a historic runup and a pullback will take hold at some point. Traders should be prepared...Read More

UnitedHealth Group, Inc. engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx.  Take a look at the 1-year chart of United (NYSE: UNH) below with the added notations… Chart of UNH provided by TradingView UNH had formed a short-term level...Read More

Market Recap For March 17th, 2022 As expected, markets moved higher on Thursday. Although they started off in the red, it was only a matter of time before stocks found green. And again, the day ended on a bullish note, which would lead traders to believe today will also see an extension of the rally....Read More

Market Recap For March 16th, 2022 Tuesday ended on a bullish note, as stated in yesterday’s Spotlight. Even though the market has been hard to have confidence in, Wednesday pushed higher, as expected. Once again, yesterday finished with stocks in full bull mode at the close. The rally should extend into today, and maybe into...Read More

Market Recap For March 15th, 2022 Market participants might have entered Tuesday expecting a lower market, but instead the back forth from last week continued. Although yesterday ended on a clearly bullish note, the past week or so has proven that today has nothing to do with tomorrow. Yesterday’s Sector Performance Technology barely edged out...Read More

Market Recap For March 14th, 2022 Friday’s price action left a bearish tone to the market, and although yesterday started off in the green, eventually the bearish tone continued. The Nasdaq has taken out its February low, and the Russell took out its swing low, which taken together implied lower prices are still in front...Read More