Stocks continue to grind steadily lower
Aug 3, 2021
The S&P 500 and Dow indexes slid steadily lower as the NASDAQ spun sideways.
S&P 500
SPY (standard ETF) decreased 0.21% to test its neutral momentum line. Any further selling would turn it red, as it’s barely positive above $437.50.
SH (inverse ETF) gained 0.27% and tested neutral. It’s on the brink to turning green but remains barely negative below $15.05.
Gold and miners remain indecisive now that they’ve returned to neutral.
Gold
GLD (standard ETF) slipped 0.12% but remains just above neutral. It would stay positive above $169.45.
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