wolfenstein
2023-03-18

Thanks for sharing

@ZEROHERO：
$Invesco QQQ Trust(QQQ)$ 11.5% gain from open before the huge reversal. It went ballistic without bank sector on quadruple witching Friday at the beginning but eventually got hit with First Republic Bank's update. ⚠️ Setting up for a retest before FOMC's announcement of the new interest rates hike next week. The tech-heavy Nasdaq Composite Index closed barely in positive territory, while the Dow Industrials and the S&P finished moderately lower. Technology, communication services, financial and consumer discretionary stocks were among the best performers of the session. Strong domestic economic data on the housing and job markets also unnerved traders, who are bracing for a 25 basis point hike when the Fed meets next week or potentially even a pause. Sentiment reversed in late morning traders as rumors began drifting around that big banks will likely pitch in with $30 billion in financing for the First Republic Bank. The Nasdaq Composite Index ended at a one-month high. 🚨 If you find the information useful, I'd appreciate if you could click on Like, Comment & Repost this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits! 🤑 @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion @Tiger_SG @TigerPM
$Invesco QQQ Trust(QQQ)$ 11.5% gain from open before the huge reversal. It went ballistic without bank sector on quadruple witching Friday at the beginning but eventually got hit with First Republic Bank's update. ⚠️ Setting up for a retest before FOMC's announcement of the new interest rates hike next week. The tech-heavy Nasdaq Composite Index closed barely in positive territory, while the Dow Industrials and the S&P finished moderately lower. Technology, communication services, financial and consumer discretionary stocks were among the best performers of the session. Strong domestic economic data on the housing and job markets also unnerved traders, who are bracing for a 25 basis point hike when the Fed meets next week or potentially even a pause. Sentiment reversed in late morning traders as rumors began drifting around that big banks will likely pitch in with $30 billion in financing for the First Republic Bank. The Nasdaq Composite Index ended at a one-month high. 🚨 If you find the information useful, I'd appreciate if you could click on Like, Comment & Repost this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits! 🤑 @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion @Tiger_SG @TigerPM

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet