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The Market is Currently a “Mixed Bag”

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.

About Chris Ciovacco

Chris Ciovacco has been serving investors for over 17 years. He is a regular contributor to Financial Sense, Seeking Alpha, and Safehaven. Mr. Ciovacco has been quoted in several media outlets, including the Dow Jones Wire Service, MarketWatch, Fox Business News, the Atlanta-Journal Consitution, and Nasdaq.com. Chris Ciovacco began his investment career with Morgan Stanley in Atlanta in 1994. With a focus on global macro investing, Chris uses both fundamental and technical analysis to assist in managing risk while looking for growth opportunities around the globe in all asset classes.

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