Market Weakness Extends: $BABA $META $SPX $SLV Under Pressure, AI Dip-Buyers Step In

AfraSimon
03-20 15:41

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? πŸ“‰πŸš€

Alibaba $BABA getting pounded to its lowest price since August πŸ“‰πŸ“‰

2. $S&P 500(.SPX)$

S&P 500 $SPX headed for its first close below the 200-day moving average since May πŸ“‰πŸ“‰

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 🚨🚨

4. $iShares Silver Trust(SLV)$

Silver getting pounded πŸ“‰πŸ“‰ On track for its 7th consecutive red day, its longest losing streak since December 2023 πŸ€―πŸ‘€


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