Market Report Mar 21 2022

  • Post author:

A new week so lets see if we can build upon last week bullishness.

The S&P 500 has a meeting with the 200-day line while the Nasdaq is in a meeting with the 50-day line.

S&P 500 an Nasdaq

We may find PFE (below) may have a pullback after a big run-up. As yet we have not taken any profit but may begin the profit-taking process soon. Overall, this swing trade, which is one of three has worked out well with little risk.

PFE chart

We are more bullish this week but will still be very choosy with the positions we want to enter into.

Let’s go trade!