Is The Market Rebound Already Over?
The rebound in the stock market following Wednesday's interest rate hike may already be over.
Is The IWM Sell-Off Over?
Shares of the iShares Russell 2000 ETF (NYSE: IWM) have been in a steady downtrend. This ETF tracks small cap stocks. If it drops to the $171 level, there’s a chance the sell-off ends and the market reverses.
BZ Chart Of The Day: Apple Tests Critical Support
Shares of Apple Inc. (NASDAQ: AAPL) are holding above critical support, but if this support breaks, the stock could form a new downtrend.
How To Know If The Market Will Keep Going Down
The SPDR S&P 500 ETF Trust (NYSE: SPY) may have broken an important support level. There’s a chance it rallies back above it, but there will also be a signal that may indicate it will keep going lower.
Why Is This ETF Soaring?
If the market continues to drop, shares of the Direxion Daily Financial Bear 3X Shares ETF (NYSE: FAZ) should skyrocket. It is designed to move in the opposite direction of the financial sector stocks. If they go down, FAZ will go up.
This ETF also uses leverage. This can add to the profits.
BZ Chart Of The Day: Is AT&T About To Refill The Gap?
Gaps refill, and shares of AT&T Inc. (NYSE: T) may be about to do so. This would mean a rapid move lower.
Does This ETF Lead The Market?
The Direxion NASDAQ-100 Equal Weighted Index Shares (NYSE: QQQE) can give great signals. For example, it peaked one month before the NASDAQ-100 did.
There is a good reason for this.
BZ Chart Of The Day: The Conversion Of Cleveland-Cliffs
In the financial markets, certain price levels are more important than others. After a brutal beatdown, shares of Cleveland-Cliffs Inc. (NYSE: CLF) have reached one.
Has the Stock Market Bottomed?
The SPDR S&P 500 ETF Trust (NYSE: SPY) has landed on a support level. This is why the selloff has paused. It may stage a rebound, but if this support level breaks, it could fall even farther.
BZ Chart Of The Day: Is IBM’s Stock About To Head South?
Shares of IBM (NYSE: IBM) have run into a resistance level. If history is a guide, there’s a good chance that the price is going to move lower.
Resistance is a large group of investors trying to sell their shares at or close to the same price. In this case, it’s $138.