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11:22 a.m. ET So far this morning we are seeing the short-term theme laid out in yesterday’s Afternoon Update, “NASDAQ has clearly been the worst performing index of the day, but it does look like some of the Tech, mega-cap, NASDAQ-100 areas are seeing some support build in on 3C
I believe, and I have believed for months, that June is an exceptionally important month for the stock market; and for the U.S. economy. Big money is made or lost at key pivotal transition moments in the market, and the month of June may very well be a huge transitional
1:47 p.m. ET The S&P trades back above $4200 and all of the averages trade near the best levels of the day, but are coming up on or are at recent highs which could prove to be local resistance. For example.. SP-500 (5m) just under Tuesday morning’s opening highs. NASDAQ-100
This is a post from Wolf on Wall Street Trade, my current subscriber website. The Technical Take will be online to replace WOWS shortly. This is the Daily Wrap for Thursday, May 18th, 2023. Today the stock market built on yesterday’s gains, which saw the S&P-500 trade up to the
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