EB Daily Market Report - Friday, February 23, 2024

Dear Members.

First, a reminder that this is the final day for our Webinar Special. It's a great way to save a lot of money over the course of a year. And remember, any remaining time on your membership will automatically be added to your account  Here is a link with details:

https://www.earningsbeats.com/public/checkout-webinar-special.cfm

In addition, remember that we will be adding the 10 stocks in each of our portfolios as of today's close.

We're seeing some volatility today as the bulls look to add on to yesterday's impressive gains. Both the S&P and Dow have hit fresh all time highs while the NASDAQ reached a level earlier it hasn't seen in two years.

Though one could argue the market is due for a breather there's no clear evidence at the moment that any wholesale selling is about to take place. That could change on a dime but the bulls are being very stubborn here.

We now have new resistance on the S&P which is 5111, the earlier high. Should that go, the next logical target would be 5200. To the downside, yesterday's low of 5038 should be a level to watch.

Tom will be back with his Weekly DMR on Monday.

At your service,

John Hopkins