|Day's Range||0.8500 - 1.3100|
There are some big themes to be gleaned from the exchange-traded funds investors have bought and sold over the recent market turbulence.
Amid a 10-year-plus bull market, many investors can’t come to terms with the idea that there could be a substantial decline in the stock market.
Co-CIO Francis Gannon details research that shows why he believes small-cap earnings may have a multi-quarter turnaround Continue reading...
Stairs up, elevator down. Markets were hammered on Monday, with the S&P 500 shedding more than 3%, the Nasdaq Composite slipping 4% and the Dow Jones Industrial Average losing 1,000 points. Let's look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: S&P 500 ETF (SPY) Click to Enlarge Source: Chart courtesy of StockCharts.comThe SPDR S&P 500 Trust (NYSEARCA:SPY) was down more than 3.6% at one point on Monday, as investors sell first and ask questions later. It doesn't help that a number of traders likely had their stop-orders filled at horrendous prices amid a brutal gap down this morning.You can see why trading can be so tough. With gap-downs like this, it doesn't give investors much of a chance to adjust without locking in sizable losses. In this case, the SPY gapped below the 50-day moving average and moved lower throughout the day.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's now approaching the $320 level, which has been a significant level in 2020. A move below it puts the 100-day moving average in play, along with a small gap-fill in the $317 to $318 area.We're now down about 5% from the highs. Down 10% to 11.5%, though, gets the SPY down into that $300 to $305 area and would be an excellent buy-the-dip opportunity. I don't know if we get there, but I'd view such a decline as an excellent opportunity. * 7 Delicious Restaurant Stocks to Buy For now, let's see how $320 holds up. Top Stock Trades for Tomorrow No. 2: Nasdaq ETF (QQQ) Click to Enlarge Source: Chart courtesy of StockCharts.comThe PowerShares QQQ ETF (NASDAQ:QQQ) is similar to the SPY, but a bit more extreme. While the decline is larger, at least the QQQ is holding the 50-day moving average.I don't know how long that will be the case, though. If it gives way, the down-10% mark comes into play around $213, while the 100-day moving average is near $209 and rising. Just below that is a small gap-fill from mid-December.With these types of moves, it's hard to gauge the magnitude of the coming decline. So far, the technicals are not broken for the QQQ, with its intermediate- and long-term trends still intact.But as volatility increases, so do the odds that these trends will break or be stressed. If the 50-day holds, let's see if the QQQ can bounce back up to $230. Below the 50-day, however, and selling pressure could increase. Top Stock Trades for Tomorrow No. 3: Microsoft (MSFT) Click to Enlarge Source: Chart courtesy of StockCharts.comGetting to some individual stocks, Microsoft's (NASDAQ:MSFT) action stood out to me on Monday. The stock opened just above the 50-day moving average, traded lower and is now bouncing with some force.However, shares are struggling to reclaim $175. We now have a rather binary situation with MSFT, at least when it comes to the charts. On the upside, keep an eye on $175. Above puts $180-plus back on the table, and keeps bulls in control. * 7 Earnings Reports to Watch Next Week On the downside, though, watch the 50-day moving average. The stock hasn't closed below this mark since October, and doing so now will show a wane in momentum. Below the 50-day puts Monday's low on the table. Below that, and the 100-day moving average is possible. Top Stock Trades for Tomorrow No. 4: Regeneron (REGN) Click to Enlarge Source: Chart courtesy of StockCharts.comRegeneron (NASDAQ:REGN) shares were one of the few names in the green on Monday. In fact, shares are nearing their highest levels in a year, as REGN opened below $400, sank to $386-and-change and reversed higher.Now over $420, bulls have to be looking at $430. The stock can get there with another notable push, but has really struggled to maintain momentum above this mark, just as it has struggled with $420.On the downside, this one has been volatile. Just look at the dip it suffered in January, falling all the way to $330. However, so long as it's above the 50-day moving average and uptrend support (blue line), then investors can remain long. Below, however, puts the 100-day moving average on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Delicious Restaurant Stocks to Buy * 10 Dividend Stocks to Buy That Are Off to a Fast Start in 2020 * 7 Tarnished Blue-Chip Stocks to Ditch Now The post 4 Top Stock Trades for Tuesday: SPY, QQQ, MSFT, REGN appeared first on InvestorPlace.
The UltraPro Short QQQ ETF , which aims to return triple the inverse of the technology heavy Nasdaq 100 index's performance, surged 7.8% on volume of 1.9 million shares, making it the most actively traded stock ahead of the open. The Ivnesco QQQ ETF , which tracks the Nasdaq 100, is losing 2.6% and is the second most actively traded with volume of 1.7 million shares, as worries over the global spread of COVID-19 triggers a stock market selloff. Of the Nasdaq 100's components, only 5 stocks aren't falling, with 3 little changed and shares of Gilead Sciences Inc. gaining 2.9% and Comcast Corp. taking on 0.4%. The losers are led by Advanced Micro Devices Inc. fell 6.5%, Fastenal Co. dropped 5.8% and Nvidia Corp. shed 5.8%.
On Friday, the Invesco QQQ Trust (QQQ) decreased 1.9%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.9% and SPDR S&P 500 ETF (SPY) dropped 1.1%. Dragging on the markets, the IHS Markit’s Purchasing Managers’ index of services sector activity slipped to its lowest level since October 2013 and revealed a contraction for the first time since 2016, Reuters reports. “With the stock market overvalued and extended, especially with tech stocks being overweight, when you get these negative data points, it is an excuse to take some profits,” Mike Gibbs, director of portfolio and technical strategy at Raymond James, told Reuters.
There are no reported new countries where the Wuhan coronavirus -- COVID-19 -- appears to have spread as of today, though the death toll as well as the number of confirmed cases continues northward.
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U.S. markets and stock ETFs retreated Thursday on growing fears that the coronavirus outbreak could be more contagious than previously believed. On Thursday, the Invesco QQQ Trust (QQQ) decreased 0.9%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.4% and SPDR S&P 500 ETF (SPY) dropped 0.4%. The broad markets declined sharply in early morning trading and remained depressed throughout Thursday after a Global Times report revealed a central Beijing hospital had showed 36 new cases, fueling fears of a spreading contagion in China's capital, Reuters reports.
U.S. markets and stock ETFs climbed Wednesday after China promised to support local business with another round of stimulus measures to combat the slowdown in the wake of the coronavirus contagion. On ...
There are three sides to every (stock market) story: The bull side, the bear side and the truth. Looking at all stocks traded on the New York Stock Exchange is helpful because this number is not skewed by a few high-flying tech stocks. The chart below (green lines) highlights the last two times the share of stocks on the NYSE that were at 52-week highs set a two-year record.
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U.S. markets and stock exchange traded funds retreated Tuesday after Apple's warning of a revenue hit in response to the diminished economic activity from the coronavirus outbreak in China, potentially marking the first negative outlook among large multinational companies. On Tuesday, the Invesco QQQ Trust (QQQ) fell 0.1%, SPDR Dow Jones Industrial Average ETF (DIA) was down 0.7% and SPDR S&P 500 ETF (SPY) dropped 0.4%. Technology bellwether Apple revealed a surprise sales warning Tuesday that fueled risk-off selling over the potential impact of the coronavirus on the global economy.