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Content
Signals
All indicators - Medium term
SPDR S&P 500 ETFFeb 25, 2020
Powershares QQQFeb 25, 2020
Russell 2000 ETFFeb 25, 2020
Iboxx $ High Yield CorFeb 25, 2020
Nasdaq Combined ComposFeb 25, 2020

Nasdaq Combined Composite Index (COMPX) developed negatively Tuesday, and fell 2.77 percent to a close of 8966 points. The index thereby broke the earlier bottom it set Jan 3 and reached a new year-low. The index has now closed down for the fourth day in a row and this past week the index has lost as much as 7.88 percent.

837 shares were up and 6061 were down, while 132 remained unchanged, and there was no trading in 829 shares.

Value of the total volume of shares and primary capital certificates traded Tuesday was approximately 631.5 billion.

Powershares QQQ (QQQ) was down 2.72 percent to close at 215 dollar. The stock has not closed at a lower price since Jan 3. The stock has now fallen for the fourth day in a row and this past week the stock has lost as much as 8.25 percent. It does not look good technically either. The stock is assessed as technically negative for the medium long term.
SPDR S&P 500 ETF (SPY) lost 3.03 percent to 313 dollar. The stock has not closed at a lower price since Dec 2019. The stock has now closed down for the fourth day in a row and this past week the stock has lost as much as 7.15 percent. It was also high volume. Overall it was traded for 68443 millions dollar in the stock, which is three times as much as normal daily turnover. Nor technically does it look good. The stock is assessed as technically negative for the medium long term.
Russell 2000 ETF (IWM) closed at 156 dollar after a steep drop of 3.55 percent. The stock has never lost more in one day since Mar 22. 2019, when it was down 3.64 percent. It does not look good technically either. The stock is trend wise positive in the medium term, but has broken down through the support at 158 dollar.
Iboxx $ High Yield Corporate Bd Ishares (HYG) lost 0.70 percent to 86.77 dollar. The stock thereby reached a new low for the seventh time this year. The stock broke down through the support at 87.10 dollar in double top formation. This triggered a sell signal on increasing volume and a further drop to 85.79 dollar within three months is indicated.
Visa Inc (V) closed at 188 dollar after a steep drop of 5.23 percent. We must go back to Feb 8. 2016 to find an equally steep drop. That time the stock lost 5.27 percent. The stock has now fallen for the fourth day in a row and this past week the stock has lost as much as 10.80 percent. The stock is trend wise positive in the medium term.

Lowest close since Dec 2019.
The market showed a negative development Tuesday, and S&P 500 (SP500) ended the day at 3128 points, which is a decline of 3.03 percent. The index has not closed lower since Dec 2019. The index has now closed down for the fourth day in a row and this past month the index has lost as much as 5.93 percent.

Indices
S&P 500
   Neutral
S&P 500 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has broken a support level in the short term and given a negative signal for the short term trading range. The index has support at points 2940 and resistance at points 3380. The RSI curve shows a falling trend, which could be an early signal for the start of a falling trend for the price as well. The index is overall assessed as technically neutral for the medium long term.
Today´s Case
Perrigo Company plc (PRGO) Price 60.80, Feb 25, 2020
Perrigo Company plc shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The price has also broken the resistance at 60.44 of a rectangle pattern, which signals a further rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 54.50 dollar. RSI diverges negatively against the price, which indicates a danger for a reaction down. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-1.78%582.71
ATX0.00%3406.09
CAC40-1.94%5679.68
COMPX-2.77%8965.61
DAX-1.88%12790
HEX-1.85%9939.04
N100-1.89%1099.27
OMXC25GI-1.76%1371.07
OMXSPI-1.66%683.27
OSEBX-0.38%894.98
PSI20-2.28%5078.36
TECDAX-2.01%3052.02
UKX-1.94%7017.88
EURUSD0.12%108.7472
CL (OIL)-2.97%49.90
Indices Evaluations
 SML
AEXnegnegpos
ATXneutralneutralneutral
CAC40negneutralpos
COMPXneutralnegpos
DAXnegneutralpos
HEXnegnegpos
N100negneutralpos
OMXC25GIpospospos
OMXSPInegpospos
OSEBXnegpospos
PSI20neutralneutralneg
TECDAXnegneutralpos
UKXnegnegneutral
EURUSDnegnegneg
CL (OIL)negnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
24% 38% 38%
 1857 Buy Candidates
 2996 Neutral
 3022 Sell Candidates
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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