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 at the top of your member’s dashboard.
Friday’s market action saw the SPY and QQQ fail to hold their morning levels, with both ETF closing near session lows. The QQQ failed to hold its 50 day moving average going into the weekend, and that’s a key area traders will be watching this week to gauge the tech market’s chances at getting back to highs. We have several Fed speakers on deck today and tomorrow, and with concerns about inflation being talked about more frequently, those talks could be worth keeping an eye on. Next Monday is Memorial Day, so we can expect to see volume taper off as the week progresses, barring any major news.