Weekly Market Outlook

Markets are Free …... To go up

July 5, 2020


The NASDAQ 100 (QQQ) closed the week at new all-time highs, +1.65%, while the Dow Industrials (DIA) was down -.2%. In fact, YTD, the Dow is down -9.36% while the Nasdaq 100 is up 18.62%, certainly a tale of two markets. Of course, the Fed stepped up its intervention yet again after last weeks attempt to sell off.  Stepping back and looking at the big

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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/