Thursday, January 26, 2023
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Contact Us
Ownnfthere
  • Home
  • NFT News
  • Bitcoin
  • Ethereum
  • Stock Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
  • NFT News
  • Bitcoin
  • Ethereum
  • Stock Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Ownnfthere
No Result
View All Result
Home Stock Market

S&P 500 Has Damaged Beneath Key Degree – This is What to Watch For Going Ahead | The MEM Edge

August 27, 2022
in Stock Market
Reading Time: 3 mins read
A A
0
S&P 500 Has Damaged Beneath Key Degree – This is What to Watch For Going Ahead | The MEM Edge
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Speak about being a celebration pooper. Fed Chair Powell’s feedback at present that bringing down costs “is more likely to require a sustained interval of below-trend progress and a rise in unemployment” introduced the markets to its knees. The remarks elevated fears of a protracted rate-hike cycle which, in flip, pushed shares sharply decrease.

Hardest hit had been Know-how shares, which fell 4.3% at present, a loss that underscored the lack of this sector to interrupt again above resistance at its 200-day transferring common final week.

Related articles

US pure fuel stock internet change of -91 bcf for week ending Jan. 20 – EIA

US pure fuel stock internet change of -91 bcf for week ending Jan. 20 – EIA

January 26, 2023
Japan shares decrease at shut of commerce; Nikkei 225 down 0.12% By Investing.com

Japan shares decrease at shut of commerce; Nikkei 225 down 0.12% By Investing.com

January 26, 2023

DAILY CHART OF TECHNOLOGY SECTOR:

In a rising-rate surroundings, Progress shares akin to Know-how, in addition to Shopper Discretionary (to call simply two areas), stand to lose essentially the most, as larger charges scale back the worth of future earnings. The chart under reveals the Tech-heavy Nasdaq’s efficiency as rates of interest ebb and move and fairly clearly, larger yields are a unfavourable.

DAILY CHART OF NASDAQ WITH YIELD OF 10-YEAR TREASURY OVERLAY

This week’s pullback has pushed the S&P 500 under a key stage and, with its momentum indicators in unfavourable territory on the every day chart, the near-term outlook for the markets doesn’t look good. Subscribers to my MEM Edge Report had been alerted to this chance in current stories, as we trimmed shares from our purchase record and highlighted trade group charts that had been weakening.

Powell’s clear message at present that companies and households might really feel some ache within the coming months was fairly completely different from his usually extra balanced remarks. The tone elevated nervousness amongst buyers and induced a pointy uptick within the volatility index ($VIX) — also called the “worry index.” That is one other unfavourable for the markets.

DAILY CHART OF VOLATILITY INDEX (VIX)

As for the prospects for the markets going ahead, you’ll be able to entry my Monday Alert Report from this week, the place I share key areas of resistance, in addition to worth motion that may put the broader markets again into an uptrend. Additionally included are marked-up charts of each the Semiconductor and Software program teams, with detailed insights into these areas. My Alert Studies aren’t as detailed as my weekly MEM Edge Studies, so make certain and take a 4-week trial at a nominal charge so you’ll be able to keep away from losses and protect capital amid a weakened market backdrop.



On this week’s version of The MEM Edge, now obtainable to observe on demand at StockChartsTV.com and the StockCharts YouTube channel, I share a key stage that was damaged within the S&P 500 in addition to what to be looking out for going ahead. I additionally evaluation shares which might be bucking the downtrend and what’s driving them larger.


Warmly,

Mary Ellen McGonagle, MEM Funding Analysis

Mary Ellen McGonagle

In regards to the writer:
Mary Ellen McGonagle is an expert investing advisor and the president of MEM Funding Analysis. After eight years of engaged on Wall Avenue, Ms. McGonagle left to turn out to be a talented inventory analyst, working with William O’Neill in figuring out wholesome shares with potential to take off. She has labored with shoppers that span the globe, together with large names like Constancy Asset Administration, Morgan Stanley, Merrill Lynch and Oppenheimer.
Study Extra

Subscribe to The MEM Edge to be notified at any time when a brand new publish is added to this weblog!



Supply hyperlink

Share76Tweet47

Related Posts

US pure fuel stock internet change of -91 bcf for week ending Jan. 20 – EIA

US pure fuel stock internet change of -91 bcf for week ending Jan. 20 – EIA

by Ownnfthere
January 26, 2023
0

US pure fuel stock internet change of -91 bcf for week ending Jan. 20 - EIA Supply hyperlink

Japan shares decrease at shut of commerce; Nikkei 225 down 0.12% By Investing.com

Japan shares decrease at shut of commerce; Nikkei 225 down 0.12% By Investing.com

by Ownnfthere
January 26, 2023
0

© Reuters. Japan shares decrease at shut of commerce; Nikkei 225 down 0.12% Investing.com – Japan shares have been decrease...

There is a George Santos bobblehead with a Pinocchio nostril — and that is no lie

There is a George Santos bobblehead with a Pinocchio nostril — and that is no lie

by Ownnfthere
January 25, 2023
0

This collectible hits George Santos on the nostril. The embattled New York congressman is getting the bobblehead remedy, however with...

Inventory Value Divergence and Potential Indicators of Threat! | Mish’s Market Minute

Inventory Value Divergence and Potential Indicators of Threat! | Mish’s Market Minute

by Ownnfthere
January 25, 2023
0

We can not start the Every day with out a point out of the glitch within the NYSE proper out...

Microsoft, Texas Devices, Capital One & extra

Microsoft, Texas Devices, Capital One & extra

by Ownnfthere
January 25, 2023
0

A constructing with workplaces belonging to Microsoft is seen in Chevy Chase, Maryland, January 18, 2023.Saul Loeb | AFP |...

Load More
  • Trending
  • Comments
  • Latest
How seemingly will Ethereum rebound on the 00 – 00 degree?

How seemingly will Ethereum rebound on the $1000 – $1100 degree?

July 13, 2022
Skyweaver Launch Their First Ever Growth NFT Playing cards

Skyweaver Launch Their First Ever Growth NFT Playing cards

July 12, 2022
Dialogue Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Customers

Dialogue Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Customers

July 12, 2022
Buying and selling Bitcoin vs. Nano Bitcoin Futures: Know the Vital Variations

Buying and selling Bitcoin vs. Nano Bitcoin Futures: Know the Vital Variations

July 12, 2022
Mumbai-Ahmedabad Shatabdi Specific New schedule, route | Practice quantity 12009, 12010 schedule – Indian Railways

Mumbai-Ahmedabad Shatabdi Specific New schedule, route | Practice quantity 12009, 12010 schedule – Indian Railways

September 29, 2022
The Sandbox to deliver Playboy to the Metaverse

The Sandbox to deliver Playboy to the Metaverse

0
Social Media Platforms are Leaping into Web3

Social Media Platforms are Leaping into Web3

0
Roo Troop NFT Ended Their Partnership With Llamaverse: Here is why

Roo Troop NFT Ended Their Partnership With Llamaverse: Here is why

0
The Way forward for The Metaverse, Web3, NFTs, and Digital Land | by Shihtzu.alternate | Jul, 2022

The Way forward for The Metaverse, Web3, NFTs, and Digital Land | by Shihtzu.alternate | Jul, 2022

0
🤑 Hottest NFT dealer has remodeled M

🤑 Hottest NFT dealer has remodeled $30M

0
These Metrics Trace At Huge Bitcoin ‘Shopping for Alternative’, Says Analyst

These Metrics Trace At Huge Bitcoin ‘Shopping for Alternative’, Says Analyst

January 26, 2023
US pure fuel stock internet change of -91 bcf for week ending Jan. 20 – EIA

US pure fuel stock internet change of -91 bcf for week ending Jan. 20 – EIA

January 26, 2023
5 Web3 developments to observe in 2023

5 Web3 developments to observe in 2023

January 26, 2023
Ethos Pockets raises .2 million to construct purposes on the Sui blockchain

Ethos Pockets raises $4.2 million to construct purposes on the Sui blockchain

January 26, 2023
Ray Dalio Provides Three Monetary Suggestions for Millennials

Ray Dalio Provides Three Monetary Suggestions for Millennials

January 26, 2023

Popular News

  • How seemingly will Ethereum rebound on the 00 – 00 degree?

    How seemingly will Ethereum rebound on the $1000 – $1100 degree?

    191 shares
    Share 76 Tweet 48
  • Skyweaver Launch Their First Ever Growth NFT Playing cards

    190 shares
    Share 76 Tweet 48
  • Dialogue Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Customers

    190 shares
    Share 76 Tweet 48
  • Buying and selling Bitcoin vs. Nano Bitcoin Futures: Know the Vital Variations

    190 shares
    Share 76 Tweet 48
  • Mumbai-Ahmedabad Shatabdi Specific New schedule, route | Practice quantity 12009, 12010 schedule – Indian Railways

    189 shares
    Share 76 Tweet 47
Ownnfthere

Don't Miss Out! Get the Latest Cryptocurrency and NFT Information Here

Categories

  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • NFT News
  • Stock Market

Tags

Artwork Cryptocurrency Digital Art ETH Finance Investment Metaverse Network Partnership Polygon Sandbox

Newsletter

  • About Us
  • All Posts
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Contact Us

© 2022 Ownnfthere

No Result
View All Result
  • Home
  • NFT News
  • Bitcoin
  • Ethereum
  • Stock Market
  • Blockchain
  • Business
  • Guide
  • Contact Us

© 2022 Ownnfthere