Time to Sell or Buy the Dip? Assessing Alibaba's Price Action Amid Headwinds
AMEX › IT Tech Packaging, Inc. (AMEX:ITP)
Equity
Omnicom Group Inc. (OMC) +55
14 hours ago
Trading up +1.595 (+1.73%) at 92.555. Sidelines Mode (+55) - OMC is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Bank Of Montreal (BMO) -60
14 hours ago
Trading down -0.66 (-0.53%) at 125.27. Crossroads (-60) - BMO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Index
OMX_Helsinki_Small_Cap_GI (OMXHSCGI) +85
16 minutes ago
Trading up +2.66 (+0.70%) at 381.87. Countertrend Up (+85) - OMXHSCGI is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
S&P/CSE Commercial & Professional Services Industry Group Index (SPCSECPP) -90
1 hour, 10 minutes ago
Trading down -8.51 (-0.74%) at 1133.98. Long-Term Downtrend (-90) - SPCSECPP is in a strong downtrend that is likely to continue. While SPCSECPP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Foreign Exchange
Mauritius Rupee/Euro (MUREUR) +100
3 minutes ago
Trading up +0.00005700 (+0.28%) at 0.02016753. Strong Uptrend (+100) - MUREUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MUREUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Chilean Peso/Euro (CLPEUR) -75
3 minutes ago
Trading unchanged at 0.00096. Bear Market Rally (-75) - CLPEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CLPEUR as it may be in the beginning of a reversal.
Mutual Fund
JANUS HENDERSON GOVERNMENT MONEY MARKET FUND - D SHARES (JGVXX) +50
10 hours ago
Trading unchanged at 1.00. Sidelines Mode (+50) - JGVXX is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until JGVXX can gain momentum.
AMERICAN FUNDS 2030 TARGET DATE RETIREMENT FUND - CLASS R-5E (RHETX) -70
11 hours ago
Trading unchanged at 16.32. Weak Downtrend (-65) - RHETX is showing signs of a strengthening downtrend. Monitor RHETX as it may be building momentum to the downside.