Latest news with #AdamTurnquist
Yahoo
20-05-2025
- Business
- Yahoo
Buy the dip vs. sell the rip? Here's what technicals are saying.
US stocks (^DJI, ^IXIC, ^GSPC) open Tuesday's trading session just a smidge in negative territory as Wall Street experts are wary of a potential stall to the market rally. Simultaneously, retail investors have flocked back to markets as many participated in buying the dip in April. But should investors be selling the rip rather than buying the dip right now? LPL Financial Chief Technical Strategist Adam Turnquist joins Madison Mills on the Morning Brief to check what the technicals are telling about the direction equities are heading, as well as the bond market (^TYX, ^TNX, ^FVX) as the 30-year Treasury yield flirts with its 5% benchmark. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
The stock market just crossed a key technical level that historically means more gains ahead
The S&P 500 just moved above its 200-day moving average. The technical indicator has historically signaled a positive long-term trend. It could spell a bottom for the market, says LPL Financial's technical strategist. As the stock market claws back its losses from the Liberation Day tariff surprise, the S&P 500 just flashed an optimistic technical signal. After 32 days of jittery price action driven by trade headlines and policy uncertainty, the index broke back above its 200-day moving average on Monday. This embedded content is not available in your region. This should give investors yet another reason to be hopeful that the market recovery will continue and extend into a rally, according to Adam Turnquist, the chief technical strategist for LPL Financial. The indicator, which simply averages the S&P 500's closing price over the past 200 trading days, is a helpful tool for investors to understand the stock market's overall trend. Over the past 75 years, the S&P 500 has gained an average of 8.6% in the 12 months following a crossover. Gains are typically stronger when the 200-day moving average itself has been sloping downward, with the S&P 500 returning 14% in the 12 months after the cross. When the 200-day moving average is sloping upwards, stocks gain less than half of that in the 12 months afterward — just 6.6%. Either way, the longer-term trend is higher in the months after. Stock market gains in the wake of a trade deal with China have pushed the S&P 500 into positive territory year-to-date. In Turnquist's opinion, the index's breakout above the 200-day moving average could mean that the lows are in. The stock market is not fully in the clear, though. The details of certain trade deals have yet to be ironed out, and long-term tariff rates could still change. The effective tariff rate is down from 22% to 13.1%, but that's still the highest since the early 1940s, according to Fitch Ratings. Still, the S&P 500's bounce above the 200-day moving average is certainly a technical signal that the worst of the Liberation Day pain could be over. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
The stock market just crossed a key technical level that historically means more gains ahead
The S&P 500 just moved above its 200-day moving average. The technical indicator has historically signaled a positive long-term trend. It could spell a bottom for the market, says LPL Financial's technical strategist. As the stock market claws back its losses from the Liberation Day tariff surprise, the S&P 500 just flashed an optimistic technical signal. After 32 days of jittery price action driven by trade headlines and policy uncertainty, the index broke back above its 200-day moving average on Monday. This embedded content is not available in your region. This should give investors yet another reason to be hopeful that the market recovery will continue and extend into a rally, according to Adam Turnquist, the chief technical strategist for LPL Financial. The indicator, which simply averages the S&P 500's closing price over the past 200 trading days, is a helpful tool for investors to understand the stock market's overall trend. Over the past 75 years, the S&P 500 has gained an average of 8.6% in the 12 months following a crossover. Gains are typically stronger when the 200-day moving average itself has been sloping downward, with the S&P 500 returning 14% in the 12 months after the cross. When the 200-day moving average is sloping upwards, stocks gain less than half of that in the 12 months afterward — just 6.6%. Either way, the longer-term trend is higher in the months after. Stock market gains in the wake of a trade deal with China have pushed the S&P 500 into positive territory year-to-date. In Turnquist's opinion, the index's breakout above the 200-day moving average could mean that the lows are in. The stock market is not fully in the clear, though. The details of certain trade deals have yet to be ironed out, and long-term tariff rates could still change. The effective tariff rate is down from 22% to 13.1%, but that's still the highest since the early 1940s, according to Fitch Ratings. Still, the S&P 500's bounce above the 200-day moving average is certainly a technical signal that the worst of the Liberation Day pain could be over. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
14-05-2025
- Business
- Business Insider
The stock market just crossed a key technical level that historically means more gains ahead
As the stock market claws back its losses from the Liberation Day tariff surprise, the S&P 500 just flashed an optimistic technical signal. After 32 days of jittery price action driven by trade headlines and policy uncertainty, the index broke back above its 200-day moving average on Monday. This should give investors yet another reason to be hopeful that the market recovery will continue and extend into a rally, according to Adam Turnquist, the chief technical strategist for LPL Financial. The indicator, which simply averages the S&P 500's closing price over the past 200 trading days, is a helpful tool for investors to understand the stock market's overall trend. Over the past 75 years, the S&P 500 has gained an average of 8.6% in the 12 months following a crossover. Gains are typically stronger when the 200-day moving average itself has been sloping downward, with the S&P 500 returning 14% in the 12 months after the cross. When the 200-day moving average is sloping upwards, stocks gain less than half of that in the 12 months afterward — just 6.6%. Either way, the longer-term trend is higher in the months after. Stock market gains in the wake of a trade deal with China have pushed the S&P 500 into positive territory year-to-date. In Turnquist's opinion, the index's breakout above the 200-day moving average could mean that the lows are in. The stock market is not fully in the clear, though. The details of certain trade deals have yet to be ironed out, and long-term tariff rates could still change. The effective tariff rate is down from 22% to 13.1%, but that's still the highest since the early 1940s, according to Fitch Ratings. Still, the S&P 500's bounce above the 200-day moving average is certainly a technical signal that the worst of the Liberation Day pain could be over.
Miami Herald
14-05-2025
- Business
- Miami Herald
Stock Market Today: Stocks pause furious May rally as trade boost fades
U.S. equity futures edged lower in early Wednesday trading, while the dollar pared some of its recent gains, as investors looked to hit pause Wall Street's solid May rally that has lifted the S&P 500 into positive territory for the year. Stocks ended higher again on Tuesday, paced by megacap tech gains that powered the Nasdaq further into bull market territory, as the early May rally tied to U.S. trade talk progress with the United Kingdom and China continued to ignite risk appetite. Markets also got a boost from the softer-than-expected April inflation reading published by the Commerce Department, which showed headline pressures easing to 2.3%, the lowest in just over four years. The S&P 500 climbed into positive territory for the year, and its highest closing level since late February, was also reclaiming its so-called 200-day moving average, a key performance benchmark that could suggest further gains over the coming months, for the first time in thirty-two trading days. "A lot has changed over this relatively short period as the market transitioned from the sticker shock of the White House's April 2 reciprocal tariff announcement, retaliatory tariffs from most of our trading partners, to trade deals," said Adam Turnquist, chief technical strategist at LPL Financial. "While this progress has led to a likely peak in investor fear and policy uncertainty, there are still a lot of unknowns over where tariff rates will ultimately land," he added, "However, for now, investors have embraced the de-escalatory backdrop, especially the tariff reprieve deal reached with China over the weekend." A light calendar of economic data on Wednesday, however, as well as Walmart (WMT) earnings and a speech from Federal Reserve Chairman Jerome Powell slated for Thursday, suggests a muted opening bell on Wall Street. The market's key measure of equity volatility, the CBOE Group's VIX index, is also trading near the lowest levels since late March, and at $18.40, suggests daily swings of around 1.15%, or 68 points, for the S&P 500 over the next 30 days. Related: Consumer-price inflation slows in April, but tariff impact on prices will linger On Wall Street, futures contacts suggest a modest 7 point opening bell decline for the S&P 500, which is now up more than 5.7% for the month, and a 54 point pullback for the Dow Jones Industrial Average. The tech-focused Nasdaq, meanwhile, is called 20 points lower, although Nvidia (NVDA) is rising again in premarket following a deal to sell Blackwell chips to Saudi Arabia's Humain, an AI startup launched by the Kingdom's sovereign wealth fund. In the bond market, benchmark 10-year Treasury note yields were holding at higher levels, and last marked at 4.461% heading into the start of the New York trading session, with 2-year paper pegged at 3.992%. The U.S. dollar index, which tracks the greenback against a basket of six global currencies, was marked 0.61% lower at 100.371. More Economic Analysis: Fed inflation gauge sets up stagflation risks as tariff policies biteU.S. recession risk leaps as GDP shrinksLike it or not, the bond market rules all In overseas markets, Europe's Stoxx 600 was marked 0.24% lower in Frankfurt trading and on pace to snap a five-day winning streak for the regional benchmark. Britain's FTSE 100 edged 0.06% lower in London. Overnight in Asia, Japan's Nikkei 225 closed 0.14% lower in Tokyo, with the country's broader Topix index falling for the first time in two weeks, snapping its longest winning streak in nearly sixteen years. The regional MSCI ex-Japan benchmark, meanwhile, rose 1.77% into the close of trading on the back of solid gains for stocks in Hong Kong and South Korea. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
