The market is showing broad weakness, with $BABA and $META under pressure, $SPX testing its 200-day moving average, and $SLV extending a multi-day losing streak, though dip-buyers in AI and cloud names are starting to step in.
1. $Alibaba(BABA)$
$BABA earnings miss sends shares lower (rev/EPS light), yet 1-yr chart shows epic rebound from chart bottoms + volume spikes. AI/cloud dip-buyers piling in? ππ
Alibaba $BABA getting pounded to its lowest price since August ππ
2. $S&P 500(.SPX)$
S&P 500 $SPX headed for its first close below the 200-day moving average since May ππ
3. $Meta Platforms, Inc.(META)$
$META has traded below its 200-day moving average since Halloween (except for just 5 days), the longest such period of weakness since 2022 π¨π¨
4. $iShares Silver Trust(SLV)$
Silver getting pounded ππ On track for its 7th consecutive red day, its longest losing streak since December 2023 π€―π
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