Por: MarketWatch Business August 22, 2023
In a handful of research notes shared with MarketWatch on Monday and over the weekend, technical strategists noted that several indicators suggest the S&P 500 and Nasdaq-100 have reached “oversold” territory. For example, as of Friday’s close, just 15% of S&P 500 stocks were trading above their 20-day moving average, something cited by BTIG’s Jonathan Krinsky and Jeffrey deGraaf of Renaissance Macro. Here’s a chart below courtesy of... + full article
MarketWatch USA Business August 22, 2023
In a handful of research notes shared with MarketWatch on Monday and over the weekend, technical strategists noted that several indicators suggest the S&P 500 and Nasdaq-100 have reached “oversold” territory. For example, as of Friday’s close, just 15% of S&P 500 stocks... + más
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