Stock rebound reaches new highs
Jul 26, 2021
Both the S&P 500 and NASDAQ gained more than 1% Friday and rode the recent rebound to new highs.
S&P 500
SPY (standard ETF) gained 1.03% and remains positive above $433.55. Investors could wait for this volatility to run its course.
SH (inverse ETF) dropped 1.06% and remains negative below $15.15. Investors could wait for a return to neutral.
Gold continued to waver in consolidation mode.
Gold
GLD (standard ETF) slipped 0.31% and turned back to orange. It’s still just below neutral and would turn positive above $169.05.
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