Stocks made a full rebound today as retreating bond yields and positive developments in the vaccine rollout boosted investors' confidence. The sudden upward swing is making up for the losses from last week. But the increased volatility has some traders nervous. Currently, the market is heavily dependent on news developments as Wall Street is keeping an eye on the economic recovery. If bond yields continue to retreat or at least refrain from sliding up, buyers could become more bullish. And the latest news about a third vaccine becoming available is boosting investors' hopes that the pandemic could come to an end at some point this year.
Now let's go Beyond the Trade! NASDAQ $20,000 Possible Push? A Complete Market Break Down In this video, I discuss a possible $20,000 Nasdaq market trade idea. Last weak, I revealed my Nasdaq analysis on how the market is showing signs of becoming bullish. One week later and the market has started a bullish push right on cue. By using trend lines, I've been able to pinpoint where the market will find support and meet resistance. If we follow the data, we could find a nice entry point for buyers. Check out my video for more information!
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Monday, March 1, 2021
The market see-saw continues as the tech sector rebounds
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