Friday Wrap: Chart Art To Help Plan For Next Week
Another week in the books and most major stock indices notched losses for the week. With the quarter-end coming on Monday, this weekend offers an opportunity to take a bigger picture look at the shifting landscape to plan your strategy for the next month and next quarter.
A chart that had many people talking today shows how the S&P 500 has performed during various phases of ‘Quantitative Easing.’ The choppy trading in recent weeks comes into clearer context when overlaid against Fed actions:
— Michael Samhan (@M5amhan) Mar. 28 at 11:02 AM
…and many are suggesting that the choppy action is a precursor to further downside, as the selling simply hasn’t gotten aggressive enough:
— SassySPY (@Sassy_SPY) Mar. 28 at 11:34 AM
Momentum stocks are certainly suggesting this may be the case. We’ve seen many market darlings that led the indexes up this year get pummeled this week, and $IPO which serves as a proxy for the performance of newly issued shares also got trounced:
— Howard Lindzon (@howardlindzon) Mar. 28 at 11:31 AM
…and the tech-heavy Nasdaq closed below a major moving average for the first time in over a year!
— Neil Blalock, CMT (@NeilBlalockCMT) Mar. 28 at 12:15 PM
…while the small caps index is printing its first negative quarter in the last six!
— Ivaylo Ivanhoff (@ivanhoff) Mar. 28 at 01:22 PM
Some shifting trends that warrant monitoring going forward are showing themselves in the interest rates space, energy sector, financials, and biotech:
— Jesse Felder (@jessefelder) Mar. 28 at 11:55 AM
— Aaron Jackson (@a_jackson) Mar. 28 at 12:34 PM
— NextTrade1122 (@NextTrade1122) Mar. 28 at 12:42 PM
— Ivaylo Ivanhoff (@ivanhoff) Mar. 28 at 01:25 PM
I know many of you have a full weekend of nursing your busted brackets ahead of you, but make sure to set aside some time to plan your very own ‘Final Four’ of great ideas to profit in the days ahead so you might afford a ticket to the big dance!
~ Sean McLaughlin (@chicagosean)
P.S. Go Gators!!
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