The market has also dropped below a short-term 50% level, making $4350.27 to $4381.44 resistance. The daily chart now suggests traders are aiming for the value area created by the intermediate 50% level at $4211.60 and the 50-day moving average at $4174.88. We expect to see buyers return on a test of this area.The 50-day MA is of particular importance because it is also our main trend indicator. It has been directing the market higher since mid-August. Breaking it with conviction could shift the narrative o ...

Technical Analysis - Heico Corporation (HEI) has recently reached a key level of support and has overtaken the 50-day moving average, indicating a short-term bullish trend [1] - The 50-day simple moving average is a significant technical indicator that helps identify support or resistance levels for securities [1] Performance Metrics - Over the past four weeks, HEI has gained 7.7% [2] - The company is currently ranked a Zacks Rank 2 (Buy), suggesting potential for further stock price increases [2] Earnings Estimates - There have been positive earnings estimate revisions for HEI, with no estimates decreasing in the past two months and two estimates increasing, leading to a higher consensus estimate [2] - The bullish case for HEI is strengthened by these positive revisions [2] Investment Consideration - Investors are encouraged to consider adding HEI to their watchlist due to the important technical indicators and positive earnings estimate revisions [3]

From a technical perspective, Synchronoss (SNCR) is looking like an interesting pick, as it just reached a key level of support. SNCR recently overtook the 50-day moving average, and this suggests a short-term bullish trend.One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or do ...

Core Viewpoint - Tesla, Nvidia, Palantir Technologies, and Robinhood Markets have shown a rebound from their November lows, but they have not yet reclaimed their 50-day moving averages, which are significant indicators of support or resistance for stocks and indexes [1] Group 1: Stock Performance - Tesla stock has rebounded along with the market but remains below its 50-day moving average [1] - Nvidia (NVDA) has also seen a recovery from November lows, yet it has not regained its 50-day moving average [1] - Palantir Technologies (PLTR) has followed a similar trend, rebounding but still under its 50-day moving average [1] - Robinhood Markets (HOOD) has experienced a rebound, but like the others, it has not reclaimed its 50-day moving average [1] Group 2: Market Indicators - The 50-day moving average serves as a key support level or resistance for both stocks and indexes, indicating potential future price movements [1] - Investors are advised to focus on stocks that are trading above their 50-day moving averages, as this may indicate stronger bullish momentum [1]

Core Insights - The S&P 500 has ended a historically long streak of 138 consecutive trading days above its 50-day moving average, the longest since 2006-2007 and the fifth-longest since 1950 [1][5][7] - The Nasdaq Composite also experienced a similar streak, marking its longest since 1995 [2] - The end of such streaks can indicate short-term weakness, but the more critical measure is whether the market remains above its 200-day moving average, which is currently 6,166.05, with the S&P 500 being 8% above this level [3] Historical Context - Historically, the end of the S&P 500's streak has not always led to negative outcomes, as past instances have shown positive returns three and six months later [5][6] - Notable examples include 2007, where the S&P 500 saw a short-term dip but eventually reached a new all-time high, closing the year with a 5.5% total return [6] - Conversely, the end of the streak in 2007 also foreshadowed a bear market that began months later, as did a similar occurrence in 1961 [7][8]

Core Viewpoint - PNC Financial Services Group, Inc (PNC) shows potential as a stock pick due to its recent technical movements and positive earnings estimate revisions [1][3]. Technical Analysis - PNC has surpassed resistance at the 50-day moving average, indicating a short-term bullish trend [1]. - The stock has moved 5.3% higher over the last four weeks, suggesting it may be on the verge of another rally [2]. Earnings Estimates - There have been 10 upward revisions in earnings estimates for the current fiscal year, with no estimates going lower in the past two months, which strengthens the bullish case for PNC [3]. - The consensus estimate for PNC has also increased, further supporting the potential for gains [3]. Stock Ranking - PNC currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook from analysts [2].

Core Viewpoint - MediaAlpha, Inc. (MAX) is showing potential for a bullish trend following a breakout above the 50-day moving average, indicating a key level of support [1][2]. Technical Analysis - MAX has moved 10.7% higher over the last four weeks, suggesting a possible rally [2]. - The 50-day simple moving average is a significant indicator for traders, marking the first sign of an up or down trend [2]. Earnings Estimates - Positive earnings estimate revisions support the bullish outlook for MAX, with no estimates decreasing in the past two months and two estimates increasing [3]. - The consensus estimate for MAX has also risen, reinforcing the potential for further gains [3].

Core Viewpoint - Kohl's (KSS) has reached a significant support level and shows potential for investors from a technical perspective, indicating a short-term bullish trend after breaking through the 50-day moving average [1]. Technical Analysis - The 50-day simple moving average is a key indicator for traders and analysts to identify support or resistance levels, and it is particularly important as it marks the initial sign of an up or down trend [2]. - KSS has experienced a notable increase of 36.5% over the last four weeks, suggesting it may be on the verge of another rally [2]. Earnings Estimates - Recent earnings estimate revisions for KSS show a positive trend, with 2 upward revisions compared to none downward for the current fiscal year, and the consensus estimate has also increased [3]. - The combination of favorable earnings estimate revisions and the achievement of a key technical level positions KSS as a stock to watch for potential gains in the near future [3].

Core Viewpoint - Newmont Corporation (NEM) has reached a significant support level and shows potential for investors from a technical perspective, particularly after breaking through the 50-day moving average, indicating a short-term bullish trend [1]. Technical Analysis - The 50-day simple moving average is a key indicator for traders and analysts to identify support or resistance levels, and it is particularly important as it marks the initial trend direction [2]. - Over the past four weeks, NEM has experienced a gain of 10.1%, and it currently holds a Zacks Rank 1 (Strong Buy), suggesting further upward movement for the stock [2]. Earnings Estimates - Recent earnings estimate revisions for NEM show a positive trend, with 7 upward revisions compared to none lower for the current fiscal year, indicating growing confidence among investors [3]. - The consensus estimate for earnings has also increased, reinforcing the bullish outlook for NEM alongside the positive technical indicators [3].

with the Dow falling more than 550 points. Yu Finance's Jared Blickry joining us now with the trading day takeaways. Jared, >> thank you.We got to talk about the 50-day moving average. Continuation of the conversation we had late last week and today was a finally a fail for certain markets and let's take a look at the S&P 500 because as you might remember, it has been in play. This is the S&P 500 year to date.I'm going to plug our 50-day moving average over it. And you can see, hard to see here, but we just ...