February 8, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

No Landing

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows that the stock market has again moved above the upper band of the support/resistance zone.
• We previously wrote,

Even though bulls are disappointed that the market has not continued to go straight up and bears are taking comfort from this pullback, the fact is that such pull backs are often common in a strong bull run.