It is important to understand what the market environment is like when allocating new capital and currently the markets have not yet established any new trends. What ever capital you put to work will have to be independent of overall market trends.
SPY
Status: neutral - the market has no dominant trend or direction
- the long term trend is entering an early bullish phase as the price and the 50day MA are above the 200 MA
- the short term trend is also bullish as the 7 day EMA crossed over the 27 day EMA
Caution - the price action may turn into a sideways pattern as previous high is still 20 points away
At this point I would be cautious taking bullish positions as uncertainty about the war as well as the prospects of higher interest rates ways on the market
QQQ
Status: neutral - the market has no dominant trend or direction
- price is slightly above the 200 MA and the 50day MA is below
- the short term trend is bullish as the 7 day EMA crossed over the 27 day EMA
Caution - the price action may turn into a sideways pattern as previous high and tech sector stocks still not benefitting from market rotation.
Hope this helps.
SPY
Status: neutral - the market has no dominant trend or direction
- the long term trend is entering an early bullish phase as the price and the 50day MA are above the 200 MA
- the short term trend is also bullish as the 7 day EMA crossed over the 27 day EMA
Caution - the price action may turn into a sideways pattern as previous high is still 20 points away
At this point I would be cautious taking bullish positions as uncertainty about the war as well as the prospects of higher interest rates ways on the market
QQQ
Status: neutral - the market has no dominant trend or direction
- price is slightly above the 200 MA and the 50day MA is below
- the short term trend is bullish as the 7 day EMA crossed over the 27 day EMA
Caution - the price action may turn into a sideways pattern as previous high and tech sector stocks still not benefitting from market rotation.
Hope this helps.