50-day moving average: Why it's a useful tool for investors

Market Performance & Technical Analysis - The S&P 500 broke through its 50-day moving average, the first close below it since before May 1st [2][3] - The technology sector (XLK) also closed relatively close to, but underneath, its 50-day moving average [3] - The Philly Semiconductor Index (SOX) penetrated its 50-day moving average intraday but closed above it [4] - Sector rotation is considered the lifeblood of the market, with healthcare (XLV) up 9% since the beginning of the quarter [7][8] - Communication services, materials, discretionary, and financials sectors are underperforming [9] Cryptocurrency Market - Bitcoin is down 17% quarter-to-date and 2% over the trailing 24 hours [10] - Bitcoin has broken several support levels and is threatening $90,000 [11] - Ethereum is down 21%, and Solana is down 28% over the last month [12] US Dollar - The US dollar index has been in rally mode for the last few months but is still in the bottom end of a trading range year-to-date [13] - Upside for the dollar is limited, with 96 being a level to watch on the downside [14]