5 Reasons To Still Be Bearish
New York Mercantile Exchange › CRUDE OIL MARCH 2024 CALL 8500 (NYMEX:QCL.H24.8500C)
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Equity
Merck & Company, Inc. (new) (MRK) +100
15 minutes ago
Trading up +1.55 (+1.70%) at 92.95. Strong Uptrend (+100) - MRK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MRK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Gabelli Multi-Media Trust Inc. (The) 5.125% Series G Cumulative Preferred Shares (GGT.PR.G) -55
58 minutes ago
Trading down -0.62 (-2.51%) at 24.10. Sidelines Mode (-55) - GGT.PR.G 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
S&P GSCI Soybean Oil (SPGSBO) +55
15 minutes ago
Trading up +6.12 (+1.95%) at 320.48. Sidelines Mode (+55) - SPGSBO 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.
Morningstar Brazil Target Momentum PR BRL (MSEGBTPB) -55
15 minutes ago
Trading down -54.21 (-1.42%) at 3773.96. Sidelines Mode (-55) - MSEGBTPB 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.
Future
USD/OFFSHORE RMB Mar 2023 (CNH.H23) +80
1 day ago
Trading up +0.0120 (+0.18%) at 6.7606. Countertrend Up (+85) - CNH.H23 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.
SILVER May 2023 (SI.K23) -100
1 hour, 33 minutes ago
Trading down -0.485 (-2.43%) at 19.435. Strong Downtrend (-100) - SI.K23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SI.K23 continues to fall. Traders should use caution and set stops.
Foreign Exchange
Honduran Lempira/British Pound (HNLGBP) +100
1 minute ago
Trading up +0.00059300 (+1.75%) at 0.03438643. Strong Uptrend (+100) - HNLGBP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HNLGBP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
British Pound/Hong Kong Dollar (GBPHKD) -100
this minute
Trading down -0.07188 (-0.77%) at 9.27846. Strong Downtrend (-100) - GBPHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPHKD continues to fall. Traders should use caution and set stops.
Mutual Fund
PRINCIPAL FDS INC. MIDCAP FD INSTITUTIONAL CL (PCBIX) +75
18 hours ago
Trading up +0.02 (+0.06%) at 35.60. Bull Market Weakness (+75) - PCBIX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PCBIX as it may be in the beginning stages of a reversal.
OLD WESTBURY NEW YORK MUNICIPAL BOND FUND (OWNYX) -70
1 day ago
Trading down -0.05 (-0.51%) at 9.83. Weak Downtrend (-65) - OWNYX is showing signs of a strengthening downtrend. Monitor OWNYX as it may be building momentum to the downside.