Back to normalcy- - SPX, SPY, DIA, QQQ & IYT
Today is the last day of the trading week and its Friday the 13th! is there anything else that can scare market participants after 3 months of vehement up & down move in the market? As of this week, the major indices or top ETF's have had 4 days streak of at least full +/- 1% move intraday, as of yesterday close the S&P 500, tracking at +2.39% gain for the week.
Technical per se, the daily moving average of SPX, SPY, DIA, & QQQ is accelerating in an orderly manner, the Transport sector incessant spike yesterday will probably need rebalancing. The earnings season kicks off today, beginning in the Financial sector, next week the first of High Beta- Netflix is set to report earnings.
Happy Friday & Thank you for reading!
Twitter: @ Kris_tin27