US Stocks moderately up Friday

The market showed a small gain Friday, and Nasdaq Combined Composite Index (COMPX) ended the day at 13192 points, which is an increase of 0.56 percent. The week as a whole showed a loss of 4.9%.

2737 shares were up and 4726 were down, while 174 remained unchanged, and there was no trading in 89 shares.

Value of the total volume of shares and primary capital certificates traded Friday was approximately 783.8 billion.

20+ Year Trsy Bond Ishares (TLT) closed at 143 dollar after posting a gain of 3.31 percent. The previous time the stock gained this much was Mar 23. 2020, when it closed up 4.12 percent. The stock thereby reversed up after six days of losses. The volume was also high. At session end it was bought and sold shares for about 6444 million dollar in the stock, which equals three times mean daily turnover. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Alibaba Group Holding Limited American D (BABA) declined slightly 1.01 percent and ended the day at 238 dollar. The stock has now fallen for the seventh day in a row and this past week the stock has lost as much as 9.80 percent. It does not look good technically either. The stock is assessed as technically slightly negative for the medium long term.
7-10 Yr Trsy Ishares (IEF) ended with a solid gain of 0.90 percent and closed at 116 dollar. The previous time the stock gained this much was Mar 23. 2020, when it closed up 1.18 percent. The volume was also high. At session end it was bought and sold shares for about 3263 million dollar in the stock, which equals four times mean daily turnover. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
AT&T Inc. (T) closed down 2.58 percent to 27.89 dollar. The stock has not closed lower since Nov 2020. The stock triggered a sell signal by the break down through the support at 28.57 dollar in rectangle formation. A further drop to 27.32 dollar within three months is indicated.
ViacomCBS Inc. - Class B (VIAC) was up 3.18 percent to close at 64.49 dollar. The stock has thereby closed up 13 out of the past 15 days and this past month the stock has gained as much as 24.21 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 27.00 dollar and a further increase is indicated.

Most traded Friday

SPDR S&P 500 ETF57625.06
Powershares QQQ32757.99
Tesla, Inc.27033.50
Apple Inc.19873.58
Amazon.com, Inc.13190.62
 


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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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