If Stocks Go Down, This ETF Goes Up
There's a chance the stock market rally is over and the long-awaited correction is here. If so, astute investors can hedge their portfolios or even profit from a market sell-off.
Bears Salivate As The SPY Finally Breaks Its Uptrend
The SPDR S&P 500 ETF Trust (NYSE: SPY) has finally broken the uptrend line its formed this year.
Since January, the SPY has tested or traded close to this uptrend line on numerous occasions. Each time it bounced back and the rally moved ahead...but not this time.
Amazon Stock Chart Teaches This Important Lesson
The chart of Amazon.com, Inc. (NASDAQ: AMZN) teaches an important lesson about the markets. Some price levels are more important than others. And the $3,530 one is clearly an important one for AMZN.
Is It Time To Buy Bitcoin-Related Stock SOS Limited?
Shares of SOS Limited (NYSE: SOS) have been trending lower, but that may be about to change.
They're getting close to $2.50. Since the end of July, this has happened a few other times, and each occasion was followed by a rebound.
Is It Time To Buy This Bitcoin-Related And Ethereum-Related Stock?
Is it a good time to buy Coinbase Global, Inc. (NASDAQ: COIN)?
The stock is close to $240. The last two times it fell to this important level, it found support and rallied. There’s a chance it does so again.
SPY Flirts With Uptrend Line: This Could Get Interesting
An uptrend line on a stock chart is an illustration that the bulls are in charge. As time passes, prices move higher.
If the stock price "breaks," or trades through the uptrend line, it could be an earlier indication that the rally is about to end.
This Trading Model Has Given Accurate Signals For Nio’s Stock
Momentum is a measurement of how far a stock has moved in a given period of time. If selling forces the stock to trade at an extreme below what would be its typical trading range, it's considered to be oversold. If buyers push a stock to an extreme above what would be its usual range, it's considered to be overbought.
Is The SPY Rally Finally About To End?
When markets are rallying, the bulls are in charge. When they're selling off, it's the bears who are in control. The breaking or crossing of an uptrend line is the first sign that the bears are about to take over or at least become equal in force with the bulls.
Where Will The DraftKings Sell-Off End?
If shares of DraftKings Inc. (NASDAQ: DKNG) continue to head lower, there’s a good chance the selloff ends around the $56 level. This important level was support in April and then it was resistance in June.
2 Critical Levels For Sundial Growers
In financial markets, some price levels are more important than others. This is the case with the 70-cent and 80-cent level for Sundial Growers Inc. (NASDAQ: SNDL).