A second day of the market gapping lower at the open and then spending the rest of the day attempting to gain back the declines, which ended with a mildly postive close in the Nasdaq 100 at +0.34%. But the majority of other markets failed to regain positive territory with the NYSE one of the biggest decliners at -1.18%.
The sloppy sideways range in the Nasdaq 100 continues to hold, which has been developing since mid May. But price remains in a dangerous spot at the lower end of the range. So caution remains prudent, as the stock market remains near the lows in broad market Stage 4 decline.
US Stocks Watchlist – 14 July 2022
There were 13 stocks for the US stocks watchlist today
CELH, PRVA, SMH + 10 more...
Market Breadth: New Highs New Lows
Daily new lows continues to outpace the new highs in the Nasdaq and the NYSE by a large margin, which continues to push the cumulative line to new lows below its strongly declining 50 day MA, and has now almost retraced the entire advance from 2020.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.