US Stocks Watchlist – 19 December 2024
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The US market collapsed on Wednesday afternoon following the Fed rate decision, and although reaching oversold levels in multiple short-term market breadth measures. It was unable to rebound today, and closed slightly lower, and below the 50 day moving average in the case of the S&P 500. Which puts it in Stage 2B- territory, which means late in Stage 2, with the Stage Analysis Technical Attributes (SATA) score dropping to a Neutral SATA 5 of 10.
There were 11 stocks highlighted from the US stocks watchlist scans today
MBLY, NVDA + 9 more...
Market Breadth: S&P Composite 1500 Moving Average Breadth
- 55.73% > 200 day MA (Long-term)
- 52.33% > 150 day MA (Medium-term)
- 24.47% > 50 day MA (Short-term)
- 8.60% > 20 day MA (Very Short-term)
Combined Average: 35.28% (Weak)
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.