Market ready to resume uptrend?
May 19, 2024 - Update
The Nasdaq closed up +2.1% on very strong volume. I guess that after the last inflation data (that was in line with expectations or slightly better), the interest in tech stocks increased significantly.
Looking at the MACD it looks like is about to cross the signal line which might trigger a new bullish period. Yes, it looks bullish to me.
What about the 10-year treasury yield? It decreased by 1.87%, one more good sign.
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