Market Is Holding Gains

February 7, 2023
Author: Peter Stolcers, Founder of OneOption

After A Heavy Dose of Earnings and the FOMC the Market Looks Strong

PRE-OPEN MARKET COMMENTS TUESDAY – Last week we got a heavy dose of earnings news and the FOMC statement was released. The market poked through resistance and it is staying close to that breakout. I view the price action as bullish. Today the Fed Chairman will speak at 12:00 PM ET. I am not expecting anything new. The longer we tread water at this level, the more bullish I get.

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