, the Dow Jones Industrial Average shed over 800 points, and the tech-heavy Nasdaq plunged almost 5%, Steven Chiavarone thought investors should not panic but stay put.
The S&P 500's relative strength index, which is a momentum indicator that measures the speed and change of price movements, hit 80 on Thursday. Meanwhile, the large-cap index was trading 15% above its 200-day moving average for the first time since January 2018. However, if a meaningful pullback happens, Chiavarone said he has "absolutely no qualms about making money at the expense of the machines that don't understand the whole picture."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
The Matrix Feeds The Matrix - Sometimes
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks trade mixed as major tech sell-off offsets strong labor-market data | Markets InsiderSummary List Placement US stocks traded mixed Friday after the August jobs report showed strong job additions and a better-than-expected unemplo... Hi, I will provide you with the BEST Quality B2B, B2C lead of any business sector/category that you can use to increase your sales or increase your Business traffic. To Take My Serves Please DM/PM me or Visit My Gig: leadgeneration B2B Businessleads
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market sell-off: Four market analysts explain the moveStocks ended sharply lower Thursday with high-momentum tech stocks including Apple leading the way down. Four market experts explain the move and what could come next. TradingNation And $KCAC up 106% after market TradingNation Why do they think they have any idea? They all just guess. It’s a joke! Get them off the tv bc they legit don’t know!!! Nobody does!! TradingNation Trump saying he will use the American people to experiment on with a Covid_19 vaccine, while he is unwilling to follow basic science and wear a 😷 while holding rallies spreading Covid_19 as 190,000 Americans are dead! Of course the markets are plummeting, Republicans lie!
Source: CNBC - 🏆 12. / 72 Read more »
Stock trades to make, 4 value sectors to buy for the economic recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »