InvestorsHub Logo
Followers 74
Posts 3600
Boards Moderated 0
Alias Born 03/23/2013

Re: Invest83838 post# 405463

Friday, 03/10/2023 8:15:33 AM

Friday, March 10, 2023 8:15:33 AM

Post# of 425662

Market going down because Powell indicated
the Fed would have to be more aggressive
in raising interest rates



Wrong again. The market is not "going down". It is pulling back; digesting gains. You do realize that the S&P500 is rose > +20% from October to February and broke up through the 200dayMA and down trendline, and it did that in the face of Powell continuing to raise rates.

Now we have retraced those gains to test the 200MA and trendline - normal breathing / not bearish. You wouldn't know that though because your focus is only on 1 stock that is stuck beneath massive overhead.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AMRN News