Friday, July 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Nasdaq sinks into ‘Death Cross’ for first time since April 2020

by Euro Times
February 19, 2022
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter




The Nasdaq Composite Index tumbled into an ominous “dying cross” technical formation Friday for the primary time since April 2020, when the pandemic battered the worldwide economic system and U.S. fairness markets swooned.


Following Friday’s 1.2% decline, the index has now shed 16% since touching a file excessive on Nov. 19. The sample, which is utilized by some traders to evaluate longer-term traits, has at instances presaged additional weak spot. It seems when an index’s short-term 50-day transferring common crosses beneath its longer-term 200-day transferring common.





The formation occurred in June 2000 when the dot-com bubble burst and once more in January 2008 forward of the worldwide monetary disaster.


“If you hear ‘dying cross’ your antenna goes up,” Jay Woods, chief market strategist at DriveWealth Institutional, mentioned in a telephone interview. “It doesn’t all the time imply doom and gloom is coming. It simply means we’ll doubtless be in a extra prolonged downtrend.”


With inflation surging, the Federal Reserve is making ready for its sharpest financial coverage tightening in many years in an try to deliver down costs. This has sparked wild swings among the many rate-sensitive tech, Web and development shares that fill the Nasdaq Composite, since their elevated valuations turn into targets as borrowing prices rise.


To make sure, a dying cross has traditionally been a lagging indicator, that means that by the point it seems, the transfer has already occurred in shares. For example, the Nasdaq entered a dying cross in April 2020 however the index truly bottomed in March of that yr, Woods defined.


“This might truly be a shopping for alternative for longer-term traders since inventory costs are getting cheaper,” Woods added.


Since 1971, there have been 31 dying crosses for the Nasdaq Composite, in keeping with information compiled by Potomac Fund Administration. The index rose over the subsequent 21 days 71% of the time, and it was increased six months later 77% of the time.


“A sign just like the dying cross has preceded main drawdowns up to now, however there hasn’t all the time been a significant market decline following one,” mentioned Dan Russo, portfolio supervisor at Potomac Fund Administration. “Market breadth continues to be a priority for traders proper now, however so long as we keep above the January lows, it is going to doubtless be uneven consolidation. If we fall beneath these lows although, I feel it’s a good suggestion to handle your danger.”

Pricey Reader,

Enterprise Commonplace has all the time strived laborious to supply up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on the best way to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to retaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nevertheless, have a request.

As we battle the financial influence of the pandemic, we want your assist much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We consider in free, truthful and credible journalism. Your assist by means of extra subscriptions might help us practise the journalism to which we’re dedicated.

Help high quality journalism and subscribe to Enterprise Commonplace.

Digital Editor





Source link

Tags: AprilCrossDeathNasdaqsinkstime
Previous Post

JPMorgan unveils research on quantum resistant blockchain network By Cointelegraph

Next Post

India to host IOC Session 2023 in Mumbai

Related Posts

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

by Assaf Gilead
July 11, 2025
0

On Sunday morning US billionaire Elon Musk's SpaceX's Falcon 9 rocket will launch Israel Aerospace Industries (IAI) Dror 1...

Apple iPhone 16e, Samsung Galaxy S24 Ultra, OnePlus Nord 5

Apple iPhone 16e, Samsung Galaxy S24 Ultra, OnePlus Nord 5

by NDTV Profit Tech
July 11, 2025
0

4. iQOO 13 (Ace Inexperienced): Rs 52,999 (Down From Rs 61,999)Outfitted with a 6,000mAh battery, 6.82-inch FHD display screen, 50MP...

Crude oil futures gain as Trump plans major Russia statement 

Crude oil futures gain as Trump plans major Russia statement 

by Euro Times
July 11, 2025
0

At 9.53 am on Friday, September Brent oil futures have been at $68.79, up by 0.22%, and August crude oil...

US stocks: S&P 500, Nasdaq rise to record highs boosted by Nvidia record valuation, strong Delta forecast

US stocks: S&P 500, Nasdaq rise to record highs boosted by Nvidia record valuation, strong Delta forecast

by Euro Times
July 11, 2025
0

The S&P 500 and the Nasdaq Composite rose modestly to publish file closing highs on Thursday, boosted by an upbeat...

Furniture Insider: Data and Trends for Resellers (2025)

Furniture Insider: Data and Trends for Resellers (2025)

by Andrea Vargas
July 10, 2025
0

The furnishings class is rapidly increasing in each quantity and recognition. Main manufacturers and retailers depend on B-Inventory—the world’s largest...

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

by David Johnson
July 10, 2025
0

This text was written byObserveDavid A. Johnson is founder and principal of Endurance Capital Administration, a New Jersey Restricted Legal...

Next Post
India to host IOC Session 2023 in Mumbai

India to host IOC Session 2023 in Mumbai

Cardano to Reach  by 2030 According to Finder’s Poll – Markets and Prices Bitcoin News

Cardano to Reach $58 by 2030 According to Finder's Poll – Markets and Prices Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

July 11, 2025
PEP, Supportive Care, and More

PEP, Supportive Care, and More

July 11, 2025
Research Predicts 0,000 Bitcoin By EOY, If Treasury Firms Hold

Research Predicts $160,000 Bitcoin By EOY, If Treasury Firms Hold

July 11, 2025
Russia develops Mi-80 to replace iconic Hip helicopter

Russia develops Mi-80 to replace iconic Hip helicopter

July 11, 2025
Elon Musk’s SpaceX set to launch Israel’s Dror satellite

Elon Musk’s SpaceX set to launch Israel’s Dror satellite

July 11, 2025
Corn Sticking Close to Unchanged at Midday

Corn Sticking Close to Unchanged at Midday

July 11, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Why ACA health insurance premiums may see ‘sharp’ increase in 2026

PEP, Supportive Care, and More

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In