Pre-Open Market Comments – Thursday

April 21, 2022
Author: Peter Stolcers, Founder of OneOption

Stocks posted solid gains Tuesday. The S&P 500 closed on its high of the day and above its 50-day MA. Traders digested gains and the market treaded water ahead of major announcements Wednesday. TSLA posted solid results after the close and their guidance is providing a bullish back drop for the market. This morning the S&P 500 is challenging the 200-day MA. We should see decent support through mega cap earnings next week.The overnight news is pretty light.

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