monday stock market predictions
" monday stock market predictions "
in the news monday stock market predictions? What this all about..... See below.
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Sentiment Trader shows monday stock market predictions that could be on the cards for us in the coming week. As you might have noticed, recently here are the main topics that traders are overlooking at the moment.
Wall Street also kept an eye on interest rates as the 10-year Treasury yield added to strong gains for the week.
Stocks dropped on Friday as a decline in Apple pushed the technology sector lower. A rise in interest rates also kept a lid on equities.
The Dow Jones industrial average fell 201.95 points, or 0.8 percent, to 24,462.94 as Apple dropped 4.1 percent. The Nasdaq composite declined 1.3 percent to close at 7,146.13.
The S&P 500 pulled back 0.8 percent to 2,670.14, with tech sliding 1.5 percent. The index also broke below its 50-day moving average, a key technical indicator.
It seems The market is still very susceptible to technicals at this point Breaking below the 50-day moving average caused a "technical damage in the market,
Next week will be the busiest week of the season, with more than a third of the S&P 500 set to report. Some of the companies scheduled to release their results include tech giants Alphabet, Intel and Microsoft.
We must say the series of lower highs is troubling us a bit, normally on the SPX if this occurs, in the high volatility we are seeing right now, it normally not a good thing. So the action on friday could continue, but the down trend since january has not broken, meaning the path of least resistance at least for now is probably most likely to the downside.
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| monday stock market predictions |
The S&P 500 closed friday in the red 0.81% negative.
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