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Bulls Charge Ahead, But Pullback Risk Elevates; On Holding, GE, Carvana In Focus

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Content provided by Investor's Business Daily. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Investor's Business Daily or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Nasdaq led a solid advance on Monday, with the 18,000 level looking like a magnet to the upside. But the faster the market rises, the harder it may pull back. The tech-heavy index is now nearly 9% above its 50-day moving average and well above its 21-day line. Today’s sharp move could mean the risk of a steeper pullback is now elevated. Among individual stocks, On Holding (ONON) reversed higher after testing a critical support area. GE Aerospace (GE) cleared a trendline entry and Carvana (CVNA) bounced off a key psychological level.

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340 episodes

Artwork
iconShare
 
Manage episode 424139776 series 3568872
Content provided by Investor's Business Daily. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Investor's Business Daily or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Nasdaq led a solid advance on Monday, with the 18,000 level looking like a magnet to the upside. But the faster the market rises, the harder it may pull back. The tech-heavy index is now nearly 9% above its 50-day moving average and well above its 21-day line. Today’s sharp move could mean the risk of a steeper pullback is now elevated. Among individual stocks, On Holding (ONON) reversed higher after testing a critical support area. GE Aerospace (GE) cleared a trendline entry and Carvana (CVNA) bounced off a key psychological level.

  continue reading

340 episodes

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