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Welcome to our weekly trading update! This past week has been pivotal with significant movements in the stock market, key US economic reports, and notable fluctuations in the cryptocurrency space, particularly Bitcoin. Dive into our stock market technical analysis today to understand these shifts and how they might influence your trading strategies.
Stock Market
-S&P 500 and Nasdaq ended a five-day losing streak with a rally.
-Significant FII selling in the Indian market led to a bearish sentiment.
-AMD stock surge anticipated, drawing attention from investors.
US Economy
-Manufacturing PMI showed contraction, raising concerns about industrial output.
-Unemployment rate holds steady, providing a mixed signal for economic recovery.
-Retail sales increased, indicating consumer spending resilience.
Cryptocurrency
-Bitcoin experienced volatility, with a dip and quick recovery.
-SPX6900, a crypto linked to S&P 500, saw remarkable growth in market cap.
-Discussions around potential regulatory changes continue to influence market sentiment.
Join our Grok Trade mentorship program to enhance your understanding of these dynamic markets. Our expert guidance will help you navigate through the complexities of stock market technical analysis today, ensuring you're well-equipped to make informed trading decisions.
#stocktrading #technicalanalysis #investing
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