You have to be long this

Monica Kingsley Monicakingsley

S&P 500 attempted one more flush right after the opening bell (led of course by Nasdaq), and I insisted to clients such a panicky selling was a gift to be bought, in ES of course as tech was and still is about to lag – it‘s not so much about ORCL poor earnings (reception), or great AVGO (reality of a new leader) ones, it‘s about rotations, and these are very much alive and kicking.

Even before FOMC, smallcaps were in pretty good shape, and Nasdaq is still to lag, go back and forth, without repeating early Thursday‘s scary undershoot – these days it‘s about ES and of course the one already making ATHs, the Russell 2000 as the below Trading / Stock Signals taster says.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

EUR/USD flirts with two-day lows near 1.1920 on US PPI, Fed

EUR/USD has slipped back into its downtrend, drifting towards the 1.1920–1.1910 area as the US dollar regains some momentum. The Greenback’s push higher gathered pace after President Trump named Kevin Warsh as Jerome Powell’s successor.

GBP/USD slips back to three-day lows near 1.3720

Selling pressure is picking up pace, dragging GBP/USD down to the area of three-day lows near 1.3720 on Friday. The pullback in Cable reflects a sharp rebound in the US Dollar as investors digest Trump’s announcement of the new Fed chair.

Gold collapses, challenges the $5,000 mark

Gold is extending its pullback, falling markedly below the key $5,000 mark per troy ounce at the end of the week in response to a wide spread profit taking in the commodity, the stronger Greenback and rising US Treasury yields.

Stellar deepens correction, slipping to 3-month low as risk-off mood persists

Stellar continues to trade in the red, slipping below $0.20 on Friday, a level not seen since mid-October. Bearish sentiment intensifies amid falling Open Interest and negative funding rates in the derivatives market. On the technical side, weakening momentum indicators support further correction in XLM.

Microsoft sell-off etches $400 billion hole in market, second highest on record

Microsoft's (MSFT) post-earnings cratering on Thursday sent other indices into pullback mode despite the narrow nature of its weakness.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple deepen sell-off as bears take control of momentum

Bitcoin, Ethereum, and Ripple continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.