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- April 22nd Stock Market Update - Strong recovery by the indices driven by no war in the middle east
April 22nd Stock Market Update - Strong recovery by the indices driven by no war in the middle east
$SNAP $SQ
Mukund Mohan
April 22, 2024
Market
“With the likelihood of war in the Middle East subsiding and that leading to lower oil prices, the markets still think we might see inflation lower” 😊 😋
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This still feels like a trap, so I am not taking long positions yet. But all indices were higher
Covered most of my shorts, but this move up still feels like a trap, so I am not willing to take long positions yet. Will wait for better setup. The move by SMCI was terrific to the upside, as it was from Nvidia.
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Technology stocks led the recovery after a dismal effort last week
Nvidia and Salesforce led the move higher, but most financials including large banks did well.
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Video of the day
Today’s video is on Snapchat (Snap) $SNAP the camera company, social networking app for teens.
