Weekly Market Outlook

Alternate Universes

August 2, 2020


Equity markets mostly recovered from an early swoon this week buoyed by stellar performance from digital tech giants while safety plays got ignored. The NASDAQ100 closed +4% for the week and up 25% YTD, but the Dow Industrials closed down -.15% for the week  and -7% YTD. So much for the Dow being blue chips, maybe we change the label to red chips. Meanwhile, gold

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Market HotSpots

What's hot today? What dropped today? This is a great source of new trades ideas when today's action creates an opportunity in the context of the Phase, 3-month, or 6-month trend!

Description:

This table looks displays the 5 biggest daily percentage gainers and losers as well as the 5 biggest six-month percentage gainers and losers as well as other key market data for those symbols. The market hotspots leaderboards are taken from a list of over 130 key and representative ETFs.

What to look for:

  • The daily gainers and losers can help you identify short-term market trends that might continue.
  • The six-month gainers and losers can help you identify ETFs with longer term strength and weakness.
  • Extreme or contrary moves in both long and short-term periods can point toward potentially overbought or oversold situations.

For a complete review of how to use basic price chart with moving averages please click here:
https://www.marketgauge.com/resources/mishs-daily-articles/the-power-of-the-200-day-moving-average/