February 1, 2024

MOTHER OF ALL REPORTS WILL DETERMINE STOCK MARKET DIRECTION

By Nigam Arora & Dr. Natasha Arora

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

Stock Market Direction

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 the stock market has pulled back on Powell’s remarks.
  • The chart shows the stock market is near the top band of the support zone.
  • The chart shows that in the early trade, the dip in the stock market is being bought.
  • The FOMC rate decision came as expected yesterday.  However, Powell trampled on the speculation of a rate cut in March. 
Please click here or the title below to read more.
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