In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the sloppy week for the markets, driven by the key economic data that was released. We saw interest rates rise, which had some other carry-on impact. While the S&P 500 saw a bit of a pullback, the uptrend remains intact, as we’re still above the 10-day moving average with RSI and MACD in positive territory.
This video originally premiered February 16, 2024. Click here or on the above image to watch on our dedicated MEM Edge page on StockCharts TV.
New episodes of The MEM Edge premiere weekly on Fridays. You can view all previously recorded episodes at this link.
If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.
Mary Ellen McGonagle is a professional investing consultant and the president of MEM Investment Research. After eight years of working on Wall Street, Ms. McGonagle left to become a skilled stock analyst, working with William O’Neill in identifying healthy stocks with potential to take off. She has worked with clients that span the globe, including big names like Fidelity Asset Management, Morgan Stanley, Merrill Lynch and Oppenheimer.
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