Friday 31 March 2023

A bullish March



The SPX saw a net March gain of +139pts (3.5%) to 4109, settling above the 10MA (3940). Momentum ticked upward for a sixth consecutive month, but remains on the negative side. 

I remain dismissive of renewed mainstream bullish chatter, as the macro and geo-political situations continue to deteriorate. Things turn interesting again for the equity bears with a break under the recent low of 3808. 

For more of the same... 

For details and the latest offers  >>>