Weekly Stock Market Forecast
NASDAQ › Allegro MicroSystems, Inc. (NASDAQ:ALGM)
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Equity
CONVERGE TECH SLTN CORP (CTSDF) +75
2 days ago
Trading up +0.10 (+1.15%) at 8.68. Bull Market Weakness (+75) - CTSDF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CTSDF as it may be in the beginning stages of a reversal.
Novation Holdings Inc (NOHO) -85
2 days ago
Trading unchanged at 0.0005. Countertrend Down (-85) - NOHO is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Index
Citi Earnings Momentum Pure Europe Index (CIISEMEP) +70
15 minutes ago
Trading up +0.26 (+0.19%) at 138.39. Bull Market Weakness (+75) - CIISEMEP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CIISEMEP as it may be in the beginning stages of a reversal.
US DOLLAR INDEX (DX) -100
4 hours ago
Trading down -0.130 (-0.14%) at 92.044. Strong Downtrend (-100) - DX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Future
3 MONTH SOFR Jun 2024 (SR3.M24) +100
18 minutes ago
Trading up +0.045 (+0.05%) at 99.215. Strong Uptrend (+100) - SR3.M24 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SR3.M24 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
CRUDE OIL May 2022 (CL.K22) -50
33 minutes ago
Trading down -0.62 (-0.91%) at 67.68. Sidelines Mode (-50) - CL.K22 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CL.K22 can gain momentum.
Foreign Exchange
Icelandic Krona/US Dollar (ISKUSD) +80
1 hour, 45 minutes ago
Trading unchanged at 0.00811034. Countertrend Up (+85) - ISKUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Djibouti Franc/British Pound (DJFGBP) -70
1 hour, 45 minutes ago
Trading unchanged at 0.0040421. Weak Downtrend (-65) - DJFGBP is showing signs of a strengthening downtrend. Monitor DJFGBP as it may be building momentum to the downside.
Mutual Fund
FT 8739: NEXTGEN COMMUNICATIONS AND TECHNOLOGY PORTFOLIO SERIES 6 (FIFNOX) +75
3 days ago
Trading up +0.1500 (+1.11%) at 13.5104. Bull Market Weakness (+75) - FIFNOX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FIFNOX as it may be in the beginning stages of a reversal.
MACQUARIE EMERGING MARKETS PORTFOLIO II (DPEGX) -85
2 days ago
Trading down -0.22 (-1.71%) at 12.67. Countertrend Down (-85) - DPEGX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.