These 6 stocks in the Dow are testing support at the 200DMA.The meaning of 200DMA:The 200-day moving average is a main indicator that tells traders and investors the average closing price of a stock which is observed over 200 days.The 200-day simple moving average is considered such a critically important trend indicator that the event of the 50-day SMA crossing to the downside of the 200-day SMA is referred to as a "death cross," signaling an upcoming bear market in a stock, index, or other investment.1. $Apple(AAPL)$ $Apple(AAPL)$ is up 75,000% over the past 20 years after the dotcom bubble burst which means $50,000 invested into $APPL in 2003 is worth $36 million today.Image2.
Good Afternoon Everyone, I decided to spend some time to examine why do some sectors did well despite FAANG stocks went down with the PPI data released. All 3 indexes lost more than 1%. FAANG stocks performance on 16 Feb FAANGs stocks (Meta, Amazon, Apple, Netflix, Google) are all down, more than 1%. I was wondering which sector stocks are resilient when there is volatility caused by hot inflation data (like last night, PPI data release). This bring me to look at the Sector -> Industry in Tiger App, by sorting the Top 5 highest percentage change. Here is a summary of the Top 5 sector/industry. BK4020 – Communication Equipment +2.36% (16/58 have positive percentage gain) BK4193 – Diversified Real Estate Activities +2.27% (3/5 have positive percentage gain) BK4180 – Housewares and Special
Last Friday, $Ford(F)$ and $General Motors(GM)$ stocks tanked on news that Tesla is going to compete directly with them$Tesla Motors(TSLA)$ In 48 hours Tesla sold 80% of their inventory. Now a backlog begins.Markets realized towards the end of Friday that this is good news for Tesla and bad for the rest. Now over the weekend they are realizing Tesla should be bought on this news; not sold.