US Stocks Indexes Pullback into the End of the First Quarter - 31 March 2022
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A strong pullback at the end of the day in the US stock market, which dropped the indexes back into the recent ranges. The Nasdaq Composite for example (see above) has formed an Upthrust (UT) at the top of the range, and todays sharp drop saw it close around an area that has acted as support and resistance on multiple occasions in the last year. So it is a potential level of interest to see how it reacts against in the coming days.
Monthly Charts – S&P 500, Nasdaq Composite, NYSE, & Russell 2000
Positive closes for all the major indexes on the monthly charts as they continue to try and carve out a swing low on the longer term timeframe.
US Stocks Watchlist - 31 March 2022
There were 30 stocks for the US stocks watchlist today. Here's a small sample from the list:
BTU, DDOG, ENPH, TENB + 26 more...
Market Breadth: New Highs New Lows
The recent rally has made progress back towards the zero line with the New Highs - News Lows 5 Day Average chart. But it's yet to turn positive, so is currently in a neutral- position.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.