3rdPartyFeeds

A watershed moment is on the way if stocks can’t hold this level

As the coronavirus spreads across the U.S., the question I am being most often asked is how low can the stock market go. Please click here for a daily chart of S&P 500 ETF (SPY) which represents S&P 500 Index (SPX) Even though many investors’ portfolios resemble the Nasdaq 100 ETF (QQQ) it is better to use a chart of SPY for the purpose of determining how low this stock market can go. If the stock market dips below this point, the selling may accelerate as stops get taken out. Read More...

A watershed moment is on the way if stocks can’t hold this level

As the coronavirus spreads across the U.S., the question I am being most often asked is how low can the stock market go. Please click here for a daily chart of S&P 500 ETF (SPY) which represents S&P 500 Index (SPX) Even though many investors’ portfolios resemble the Nasdaq 100 ETF (QQQ) it is better to use a chart of SPY for the purpose of determining how low this stock market can go. If the stock market dips below this point, the selling may accelerate as stops get taken out.

Read More

Add Comment

Click here to post a comment