Tom discusses yet another rally on Wall Street as our major indices approach key overhead price resistance. He then highlights prior cyclical bear markets and what those subsequent rallies looked like, before pointing out the dangers of holding leveraged ETFs longer-term. Tom wraps up the show with the 3 You Must See, featuring 3 former tech leaders that are regaining strength.
Tom points out that the S&P 500 broke its 6-day streak of higher highs and higher lows on Wednesday and what to look for next. Also, he recaps the home construction area after a dismal February new home sales report. Finally, Tom breaks down one of the most influential sectors of the market...
Tom points out that the huge options-related advance from last week has left us at key moving average resistance. He reviews the S&P 500 over 3 different time frames, discussing the key levels to watch that would turn the 2022 downtrend into more of a consolidation phase. Tom then shows how...
Tom discusses the latest Federal Reserve move to hike interest rates for the first time in 3 years. He also discusses and huge volatility after the announcement, including the massive rally into the close. Was it the Fed move or was it options related? Find out what Tom thinks about it. Then ...
