The Federal Reserve raised the Federal Funds Rate again as expected. Once that was announced at 2pm, banks went down. Technology stocks moved up after the announcement, but everything fell in the last half hour of trading. I would expect to see more downward movement to start Thursday with a reversal mid day that will turn into a end of the month sell for the last 2 hours and into Friday.
The market is near new highs with many stocks near recent resistance levels that
many stocks moved through, but retracted beneath in the last hour and in the case for Boeing earlier in the week. I drew them up on my watch list to share here.
Based on the higher interest rates, move lower from resistance levels, and end of the month sell off I would expect things to move down for Thursday and Friday. I would expect stocks to break through resistance levels in the next 2 weeks.
The market is near new highs with many stocks near recent resistance levels that
Based on the higher interest rates, move lower from resistance levels, and end of the month sell off I would expect things to move down for Thursday and Friday. I would expect stocks to break through resistance levels in the next 2 weeks.
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