Mixed Signals: Stocks & Silver Weak, Gold Shows Strength
This week, key markets show a mix of weakness and resilience.
$SPY and $MSFT are testing critical 200-day moving averages, while $SLV extends its losing streak. Meanwhile, $GLD is bouncing off its 200-day MA, hinting at potential upside.
Investors should watch these levels closely as volatility remains elevated.
1. $SPDR S&P 500 ETF Trust(SPY)$
S&P 500 $SPY closed below its 200-day moving average for 4 consecutive days, the longest streak since May 📉
2. $Microsoft(MSFT)$
Microsoft $MSFT is now trading below its 200-day moving average by the largest margin since the Global Financial Crisis 📉🤯👀
3. $iShares Silver Trust(SLV)$
Silver on track for its 10th consecutive red day, its longest losing streak since April/May 2022 📉📉
4. $SPDR Gold ETF(GLD)$
Gold with a beautiful bounce off the 200-day moving average 🚨🚨 Last time it got that close to the 200D was late 2023 before it ripped more than 100% 📈👀
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
-
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
-
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
