Ameriprise Financial Services, LLC’s Post

Stocks have rung in the New Year with a selloff, ending an impressive end-of-the-year rally to cap of last year. Given the remarkable end to 2023, it’s not particularly surprising that we’re seeing a little profit-taking at this stage and prices falling a bit.

Stocks update: Market averages rise, staying above 8-day EMA. S&P 500 near recent high. Momentum suggests breakout attempt likely. But quick advance raises risk of failed breakout and pullback due to lack of consolidation.

Stocks update: Market averages rise, staying above 8-day EMA. S&P 500 near recent high. Momentum suggests breakout attempt likely. But quick advance raises risk of failed breakout and pullback due to lack of consolidation.

A Few Survival Tips: 1-Spread it around: Don't put all your eggs in one basket. Invest in different things to weather the storm. 2-Think long-term: Markets go up and down. Stay focused on your long-term goals. 3-Understand and manage speculations: Recognize it and fight back. 4-Seize the day: Even in tough times, opportunities can arise. Be ready to pounce.

Stocks have picked up right where they left off last year, with new highs across the board and the S&P 500 officially closing above 5,000 for the first time. So, what now? Find out in the Weekly Market Commentary.

Stocks update: Market averages have been choppy over the past few days, with $SPY and $IWP bouncing off support at the rising 8-day EMA on Monday. We'll see if the 8-day EMA can hold on a closing basis. If not, we could see more short-term selling to shake out longs. 

Stocks have picked up right where they left off last year, with new highs across the board and the S&P 500 officially closing above 5,000 for the first time. So, what now? Find out in the Weekly Market Commentary.

Our Factor Performance Report is out: https://bit.ly/3yH2iP1 After reaching new highs early on, global stocks gave back some of their monthly gains in the second half of July. #FactorPerformance

🔥US STOCKS PUT/CALL RATIO HIT THE LOWEST LEVEL SINCE 2021🔥 In other words, the volume of call options on individual stocks is the largest versus puts in 3 years. This means the level of bullishness is extremely high, though we also need open interest to see the full picture.

Stocks update: Market averages have been choppy over the past few days, with $SPY and $IWP bouncing off support at the rising 8-day EMA on Monday. We'll see if the 8-day EMA can hold on a closing basis. If not, we could see more short-term selling to shake out longs.