This week has been a big week for the major indexes. We have had a ton of earnings reports as well as the fed update on Wednesday. We saw the market indexes recoup losses after hours yesterday due to the Amazon (AMZN) earnings beat, only to watch the market 180 back to the previous days low.

Overall the markets have been incredibly strong and have had little indecision as of recent. This could signify a bit of a reversal, maybe not a bear market but a much needed pullback before continuing it’s long run.

So far we have seen the FED keep the course it was already on, with keeping interest rates where they are. That is typically a good thing as the markets tend to overreact to change. We also have a health crises revolving around the coronavirus. This market is certainly worth watching for the possibility of bears to enter into the market for a short period.

Happy trading, dont forget to support us by liking, sharing, or donating by clicking the dropdown> donate and support> and click the paypal link.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s