The stock market is gearing up for a week filled with economic data, but traders are asking themselves if the momentum from February will continue and bring the market down. On the other end of the coin, some traders are expecting the market to go up and have a week of relief as the economic data this week might show demand isn't running as hot as the latest values have shown. I go over all of this, as well as the main market events this week and schedule. With the market trading right at the downtrend from last year and below the 50 day moving average, many eyes will be on whether or not we can hold the 200 day moving average. After this brief market recap and stock analysis, I go over my portfolio and 3 stocks for tomorrow. I averaged down on my GOOGL shares @ $89 but besides that, I will be watching BABA stock, YCL stock & WMT stock. There will be less earnings this week but depending on the momentum, we may finally get to see how the market handles itself without too many events.
POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!
DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions.
