Friday, January 31, 2020

It's A Bad Day In The Stock Market 今天是股市糟糕的一天

The stock market had a bad day today with Dow -603.41 (-2.09%), S&P 500-58.14 (-1.77%) and
Nasdaq Composite -148 (-1.59%). This is the worst one day drop since August 2019. Technically, Dow is now below its 50 day moving average, S&P 500 touching its50 day moving average while the Nasdaq Composite is below its 20 day moving average.  Technical sell signals for the S&P 500 are CCI has already broken below 0 line and the -DI has crossed above +DI on the Direction Indicator. Market's short term trend is now down. Since the S&P 500 is only about little over 3% down from the top 3338 level, it's too small of a correction for an over extended market and more downside action is likely. The S&P 500 may need to go down to 200 day moving average at 3011 for a 9.8% correction from the top.

Fundamentally, weak oil (USO), weak commodity prices (DBC), 10 year treasury yield ($TNX) trending lower, gold (GLD) trending higher and rising volatility ($VIX) are indications for slow economy and weak stock market to come.





This is how varies market are doing:





This is how various sectors are doing:







This is how the S&P 500 stocks are doing:







今日股市表现不佳,道琼斯指数-603.41(-2.09%),标准普尔500-58.14(-1.77%)和
纳斯达克综合指数-148(-1.59%)。这是自2019年8月以来最糟糕的一天跌幅。从技术上讲,道琼斯指数现在低于其50天移动均线,标准普尔500指数碰到其50天移动均线,而纳斯达克综合指数则低于其20天移动均线。 S&P 500的技术卖出信号有CCI已跌破0线及方向指示的-DI向上交叉+ DI。市场的短期趋势现在看跌。由于标准普尔500指数仅较3338的最高水平下跌约3%多一点,因此对于过度扩张的市场而言,它的校正幅度太小,所以很可能会有更多下行行动。标普500指数可能会跌至3011的200天移动平均线,大约从高位回落9.8%才是较合理的跌幅。

从基本面上看来,疲软的油价(USO),疲软的大宗商品价格(DBC),十年期国债收益率($ TNX)趋于下降,黄金(GLD)趋于上升,波动指数$ VIX)攀升都是造成将来经济放缓和股市疲弱的启示。




这是各种市场的表现:



这是各大行业的表现:





这是S&P 500股票的表现:


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