
IRAN WARNING STOPS THE MARKET RALLY BUT HISTORIC BIDEN VISIT TO ISRAEL IS A POSITIVE FOR THE MARKET
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Consumer Spending Binge 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 a big rally in the stock market yesterday. The rally was triggered by callous calculation by Wall Street. Please read yesterday’s Morning Capsule to learn more about the callous calculation. The chart shows that RSI has quickly become overbought. Even though overbought markets are vulnerable to a pull back, in the complete context of volume and price