Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "technicals"


3 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Dow and S&P 500 have more downside ahead, says Bell Curve Trading's Bill StrazzulloBill Strazzullo, partner & chief market strategist at Bell Curve Trading, joins 'The Exchange' to discuss technicals retesting 2020 lows, the time for aggressive buying and rising yields adding pressure to stock prices.
Stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve. The S&P 500 dropped about 4.3%, and the Nasdaq Composite sank more than 5%. More than 490 stocks in the S&P 500 fell, with Facebook-parent Meta dropping 8% and Caesars Entertainment losing 7.3%. Headline inflation rose 0.1% month over month, even with falling gas prices. Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.
Put simply: The S & P Oscillator is our most trusted indicator of how to act during big upswings or huge downdrafts in the market. But what do you do when the market has no memory from one day to the next? We receive a daily update from the S & P: Anything above a plus 4% would indicate the market is overbought; anything below a minus 5% would indicate the market is oversold. The market was making new highs that day and in subsequent days, but the S & P Oscillator was flashing an overbought signal. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Total: 3