The Market Chronicles: Daily review (Thu, 24/05/2025)

Premarket stats are really good and it is good for last three to four sessions. Is it a good sign of market recovery? Let us analysis it in todays post.



There is a news from Trump stating that tariff will not stay long and can reduce to 50% in near future. Most probably this caused the market uptrend.

SPY(ETF tracking SPX) and QQQ(ETF tracking Nasdaq 100) are showing recovery. Most probably good sign of recovery after two and half months which started Feb 16th 2025.

SPY:


QQQ:


Both these are at resistance level. If these two cross the level there is a short term bull market is there.  We will find it tomorrow.

All the percentage stocks moving averages(MM*) shown good signs of recovery especally MA5 and MA20 shown clear sign of recovery.


Short term breadth indicator(NCFD) suggested we are heading for a short term bull market as well.


Over all we may enter in short term bull market if this trend continues.

I have no positions as of now.

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