The market rally buckled midweek, but the major indexes ultimately had solid gains to near 2023 highs. Could be a bullish shakeout, but a lot of big news ahead. Market breadth is poor , but did improve a little late in the week. Not a lot of stocks flashing buy signals yet.
https://www.investors.com/market-trend/stock-market-today/market-rally-shakeout-may-be-bullish-signal-fdic-takes-over-first-republic-amd-tesla-rivals-in-focus/Market rally offered mixed messages last week. The major indexes look fine. Credit megacap techs such as $GOOGL, $META, $MSFT - but medicals/energy generally were strong, incl. $XOM $UNH $MRK. Meanwhile, growth stocks and industrial-type names hammered, including $TSLA. Some growth stocks suffered serious damage, others less so - esp. after finding support/rebounding Thursday. It's tricky though. Anyone buying heavily early last week likely paid the price.
#Google #Tesla https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-jobs-report-tesla-cuts-u-s-ev-prices-again/Strange week for the stock market. The indexes look fine but a lot of leading stocks/sectors had steep sell-offs. The jobs report looms Friday, but U.S. stock markets will be closed.
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-rally-rebounds-into-jobs-report-google-alibaba-flash-buy-signals/The Nasdaq tumbled below its 50-day line, while other the major indexes have fallen to their worst levels in over a month. Leading stocks were hard hit. The silver lining? The market is no longer tempting traders. $AAPL $MSFT $NVDA $TSLA $AMZN
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-nasdaq-breaks-key-level-apple-dives-here-is-the-silver-lining/
Market Shows Strength, Resilience
The S&P 500 held its 200-day, but hasn't decisively cleared that level.
Stock market rally looks strong, but the S&P 500 faces a big test at the 200-day, with a batch of Fed-critical economic reports next week. So investors may want to be cautious about adding exposure right now. (1/4)
https://investors.com/market-trend/stock-market-today/dow-jones-futures-market-rally-strong-why-you-should-be-cautious/ $AAPL $MSFT $TSLA $PSTG $PDD $DG $ULTA
The 200-day looms large for the S&P 500 - after the big Aug. rebuff. Moving decisively above this level would suggest the current uptrend is more than just a bear market rally. It also would offer a chance for new buys to actually work. Meanwhile, Apple faces its own second chance at the 200-day. Fellow Dow giants Boeing, Goldman Sachs and JPMorgan have quietly made big gains over the past several weeks. $AAPL $BA $GS $JPM
The market rally lost ground last week after the prior week's huge gains, but held key levels. It was generally a constructive week for the major indexes (the Dow even edged up), but it was a tough time for new buys.
https://www.investors.com/market-trend/stock-market-today/market-rally-holds-key-levels-this-has-been-difficult-tesla-woes-continue/ $TSLA $VRTX $CALX $EE $CELH $SCHW
Market Rally Holds Key Levels, But This Has Been Difficult
The major indexes found support but new buys struggled.
