Have you seen our live shows? Join us for “The Trend” each market morning at 9:00AM EST, and “Beyond the Bell” at the close. See what’s trending in the markets and find out what our traders are watching each day! Check them out on the “Insights” tab.
March Madness is officially upon us, in both college basketball and the markets. The S&P and the Dow continue to flirt with new highs while the QQQ remains below its 50 SMA. Tech still has the best upside value provided it can hold above the short term trendline. The big tech names dragged the markets upward throughout last spring and summer, and this relative weakness may just be a little reckoning of that move. Or it could signal a slowdown of growth in those names as the world begins to open up from the pandemic.