PHUKET: As of the end of March, US stock markets hit some overhead resistance on their technical charts and pulled back a bit, with the rally that started in February looking similar on the technical charts to the rally of September, which ultimately rolled over. There is a strong possibility that the market (or at least the S&P 500) has been in a shallow ten to 15 per cent correction and may be trying to finally break the downtrend. However, many stocks over the past two years have lost between 20 and 70 per cent of their value, much more than broader US indices, making the market very challenging for investors.
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Finance: Analyzing key market indices for tech stocks
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