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By John Rothe, CMT

Founder & Chief Investment Officer

Riverbend Investment Management

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US Markets Are Oversold and Due for a Short Term Bounce

US Markets Are Oversold and Due for a Short Term Bounce

Last week the Federal Reserve raised rates again. This time they raised by .75%. Up until about two weeks ago, the market expected the Fed to raise rates by 1/2% for the foreseeable future.However, recent inflation data has been higher than expected and the Fed has...

Stock Market Reversal

Stock Market Reversal

Last week I wrote about how the S&P 500 was in a countertrend reversal: lower trading volume as the market neared resistance levels.Last week's chart: Fast forward to today and we are seeing the exact opposite. The market failed to break through resistance levels...

Stuck at Resistance

Stuck at Resistance

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