In the following video, Chris Ciovacco of Ciovacco Capital Management looks at several market indicators and the recent rebound. The S&P 500 is approaching key levels. If it can break above them good things become more likely. The index is crossing through the downward sloping trendline and various moving averages.
Looking at the ratio of Energy vs. Tech we see energy is outperforming. The video also looks at interest rates, the NYSE, NASDAQ, and similarities between the present day and 1983-1984. It also looks at inflation, homebuilders, banks, mortgages, the FED Financial Conditions index, the end of the pandemic, and even the possibility of a coup in Russia. ~Tim McMahon, editor
Friday’s Session Could Bring Big Changes
by Chris Ciovacco
This Vidoe originally appeared here.
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