Market summary 16th August
Market summary 16/8/2023
Yesterday, most indexes, led by the $Invesco QQQ Trust (QQQ.US)$ with over a 1% gain, moved forward. However, this was on low volume, and there was an uptick in net lows. Despite an initial surge in $NVIDIA (NVDA.US)$ , the session ended on a sour note, erasing all progress made yesterday. This indicates a clear pushback against the market's recent surge, specifically at crucial average points. Both the Nasdaq and NYSE witnessed an increase in net lows, suggesting a possible consistent decline soon. The Nasdaq's volume also rose as it trended downwards.
Given the shaky market conditions, it's crucial to trade cautiously to avoid unnecessary fluctuations. As net lows rise, we might face either a sharp decline or prolonged stagnation. Both scenarios aren't ideal for those tracking market trends and can be costly.
Given the shaky market conditions, it's crucial to trade cautiously to avoid unnecessary fluctuations. As net lows rise, we might face either a sharp decline or prolonged stagnation. Both scenarios aren't ideal for those tracking market trends and can be costly.
$Sea (SE.US)$ gapped down big on its earnings.
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