![]() ![]() '20 high) and then 3,505 (50% retracement of the March '20 low to Jan '22 high). "Below 3,589 the levels get messier, but would be on watch for 3,550 (Oct. ![]() "A break of 3,589 into coinciding with a bigger VIX curve inversion would be more meaningful," he stated. The index closed at 3,640.47 on Thursday after hitting an intraday 52-week low of 3,610.40. Latest market data, including: index movements, stock prices, and other key securities information. Download the MarketWatch app for: - Breaking news stories, videos, and in-depth analysis. Meanwhile, AAPL was up about 78% from that mark.Īs to the overall market, Krinsky contended that a further drop might be necessary to reach a tradable bottom, pointing to levels below 3,600 on the S&P 500. 1-800-JOURNAL (1-80) Toll: 1-60 Monday - Friday: 7am to 8pm EST Saturday: 7am to 3pm EST Asia-Pacific Email Customer Service. The MarketWatch app for iPhone and iPad delivers the latest business news, financial information and market data to your fingertips. The BTIG chief market technician spotlighted the fact that, going into Thursday, TSLA remained higher by about 350% compared to its pre-COVID highs. TSLA remains about 3% higher over a one-year span, even with a nearly 7% drop on Thursday. Other names among the top eight include Microsoft ( MSFT), Amazon ( AMZN), Google ( GOOG)( GOOGL) and Meta ( META).ĪAPL turned slightly negative for the 12-month period following Thursday's 5% slide. Krinsky noted that AAPL and TSLA, which both dropped on Thursday, are the only two stocks among the top eight in the Nasdaq that were still showing gains year-over-year headed into recent trading. "Ultimately, these names breaking is likely the start of what could be a tradable bottom, but we need more evidence and probably lower levels," he stated. However, in a note to clients, Krinsky argued that further declines are likely still necessary before the market reaches that level. The MarketWatch app syncs with, allowing registered MarketWatch users to track stocks on the go.Jonathan Krinsky, the chief market technician at BTIG, suggested that investors watch Apple ( NASDAQ: AAPL) and Tesla ( NASDAQ: TSLA) as signs that the stock market has reached its bottom, as these names still retain a sizable portion of their pandemic gains. * Track your stock picks and see related MarketWatch stories to stay up-to-date on your investments * Track stock market data over a variety of date ranges and regions (U.S., Europe, Asia) for a more comprehensive understanding of the markets Jonathan Krinsky, the chief market technician at BTIG, suggested that investors watch Apple ( NASDAQ: AAPL) and Tesla ( NASDAQ: TSLA) as signs that the stock. * Detailed stock quote pages with key trading information and interactive charts from across major global markets * Market data center with access to stocks, commodities, rates, currencies - all updated in real time Stocks rose early Monday, climbing to start the fourth quarter, but investors remain jittery after last weeks wild moves in bonds and currencies. * Top Stories bar is interactive and gives access to a fully customizable drop-down menu featuring other news channels (e.g. * Personal finance, investing, technology, politics, energy, retail and retirement planning news and insights. New technologies, new capital, and optimistic. * Article headlines and images are featured along with real-time market data for each relevant ticker In 2021, some 613 SPACs came to market, two-and-a-half times as many as in 2020, and raised 163 billion, about twice that of the previous year. Apple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store. * Latest stock market, finance, business and investing news from MarketWatch Receive market-moving alerts on your mobile device Latest market data, including: index movements, stock prices, and other key securities information Breaking news stories, videos, and in-depth analysis The MarketWatch app for iPhone and iPad delivers the latest business news, financial information and market data to your fingertips.
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