Time to Sell or Buy the Dip? Assessing Alibaba's Price Action Amid Headwinds
NASDAQ › Phathom Pharmaceuticals, Inc. (NASDAQ:PHAT)
Equity
Sandstorm Gold Ltd (SSL) +85
8 hours ago
Trading up +0.22 (+2.95%) at 7.47. Countertrend Up (+85) - SSL 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.
DraftKings Inc. - Class A (DKNG) -55
8 hours ago
Trading down -2.705 (-6.41%) at 42.235. Sidelines Mode (-55) - DKNG is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Index
Nasdaq Sprott Energy Transition Materials Select Total Return AUD Index (METALATR) +85
17 minutes ago
Trading up +0.71 (+0.06%) at 1132.22. Countertrend Up (+85) - METALATR 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.
OMX Copenhagen Industrial Goods and Services GI (CX5020GI) -75
13 hours ago
Trading down -10.42 (-0.31%) at 3309.07. Bear Market Rally (-75) - CX5020GI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CX5020GI as it may be in the beginning of a reversal.
Foreign Exchange
US Dollar/South Korean Won (USDKRW) +75
this minute
Trading up +1.365 (+0.10%) at 1374.655. Bull Market Weakness (+75) - USDKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDKRW as it may be in the beginning stages of a reversal.
Australian Dollar/Hong Kong Dollar (AUDHKD) -90
this minute
Trading down -0.0036560 (-0.07%) at 5.0487894. Long-Term Downtrend (-90) - AUDHKD is in a strong downtrend that is likely to continue. While AUDHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Mutual Fund
Rydex Series Fds, Inverse S&P 500 Strategy Fund Investor Class (RYURX) +70
1 day ago
Trading up +0.06 (+0.23%) at 26.54. Bull Market Weakness (+75) - RYURX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RYURX as it may be in the beginning stages of a reversal.
DFA International Vector Equity Ptf (DFVQX) -70
4 hours ago
Trading unchanged at 13.45. Weak Downtrend (-65) - DFVQX is showing signs of a strengthening downtrend. Monitor DFVQX as it may be building momentum to the downside.