Mixed Signals: Stocks & Silver Weak, Gold Shows Strength

AfraSimon
03-25 11:32

This week, key markets show a mix of weakness and resilience.

$SPY and $MSFT are testing critical 200-day moving averages, while $SLV extends its losing streak. Meanwhile, $GLD is bouncing off its 200-day MA, hinting at potential upside.

Investors should watch these levels closely as volatility remains elevated.

1. $SPDR S&P 500 ETF Trust(SPY)$

S&P 500 $SPY closed below its 200-day moving average for 4 consecutive days, the longest streak since May πŸ“‰

2. $Microsoft(MSFT)$

Microsoft $MSFT is now trading below its 200-day moving average by the largest margin since the Global Financial Crisis πŸ“‰πŸ€―πŸ‘€

3. $iShares Silver Trust(SLV)$

Silver on track for its 10th consecutive red day, its longest losing streak since April/May 2022 πŸ“‰πŸ“‰

4. $SPDR Gold ETF(GLD)$

Gold with a beautiful bounce off the 200-day moving average 🚨🚨 Last time it got that close to the 200D was late 2023 before it ripped more than 100% πŸ“ˆπŸ‘€


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