Flash Crash
Apr 19, 2024 12:47 pm
Friday, April 19, 2024
Good morning everyone,
Welcome to Friday morning. Last night, if you were keeping an eye on the markets, you likely observed the notable flash crash that saw markets worldwide retract by 3%. At one point, we witnessed the Dow plummeting by 500 points, gold surging by $25, and crude oil rising by over 3%.
However, as dawn broke over North America, the situation began to stabilize, with the Dow currently trading around the unchanged mark.
In the realm of market psychology, big round numbers often wield significant influence. Today's focal point is SPX 5000.
The S&P 500 has experienced a pullback over the past couple of weeks, teetering just above the critical 5000 level. This juncture presents an opportune moment for the Bulls to stage a resurgence and regain control.
Failure to do so could signal trouble ahead for the market's trajectory.
In today's presentation, we'll delve into a brief examination of Leveraged ETFs.
That's all for now. Wishing you a fantastic weekend ahead.
[00:00:00]: Introduction to market update
[00:01:11]: Market analysis and potential bottoming indicators
[00:02:29]: Impact of Netflix on the Nasdaq and indices
[00:03:46]: Leveraged ETF's for market volatility
[00:04:51]: Examples of 3X ETF's and trading strategies
[00:05:58]: Leveraged 2X ETF's in the Canadian market
[00:07:15]: Importance of active management in ETF investing
[00:07:19]: Conclusion and invitation to future updates
Best regards,
Stephen Whiteside
TheUpTrend.com
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Have a great day.
Stephen Whiteside
TheUpTrend.com
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