The Stock Market Move in 13 days Period - SPX, SPY, DIA , QQQ & IYT.
The U.S. benchmarks remain in penny stock mode, full swing of at least full 1%% -3% intraday. I would like to call its resemblance to climate change, whereas the market continues to move into uncharted territory. If based on traditional daily moving average, the S&P 500 & SPX still sitting above 200- day moving average & currently hitting 20- day moving average, which is by textbook is bearish bias. The often swung of 1%- 2% intraday surely shaking up stocks.
Here is the record of the Top ETF/Stocks of full 1% or more closing basis in the last 13 trading session:
Here is the SPY daily moving average in 10 days, in the past I publish 5 -7 days, but now I stretched in 10 day period in the time frame to get a better gauge of mean average. At the time of this writing, the market is poised to another -1% gap down. The median difference to 50ma would still be at 3.5% -5%, 20ma at 2.5%-4%.
- Apple (AAPL) Amazon (AMZN) Netflix (NFLX) Alphabet (GOOGL)
- SPY, QQQ, DIA, XLF, XRT, XLE, IYT, IWM, IBB, SMH
Twitter: @ Kris_tin27