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Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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One Last Shot For The Fed?

Friday was a scary down day for many and Market fear was in the air.

But the Fed may still have one shot to hold the market from a bad day today. That hope comes from the support line on the New York Stock Exchange Index (NYA).

Take a look at today's chart and you will see that the red support line is very close now. Even if the Fed has a win today, they will face an earnings gauntlet this week because ... This will be a Big earnings week with Apple today, and Amazon and Google on Thursday ... these earnings will be released after the close of those respective days.

NYA Index Daily Chart

 


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