Latest news with #goldenCross
Yahoo
08-07-2025
- Business
- Yahoo
Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here's What It Means For Investors
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The S&P 500 and Nasdaq 100 indices have formed a 'golden cross' on their charts, indicating the possibility of a 'long-term bull market,' according to the experts. What Happened: According to an iShares MSCI World ETF (NYSE:URTH) chart, tracking the MSCI World Index shared by Barchart, global stocks have formed a 'Golden Cross' for the first time since January 2023. This comes as the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, also formed 'golden crosses' on their charts. Last time, when URTH formed a golden cross, where the 50-day moving average surpasses the 200-day moving average, the returns rose to 43% over the next two GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Historical data dating back to 1975 suggest that the formation of this positive technical indicator on the charts has led the S&P 500 index 88% of the time higher over the next year. The average return after a 'golden cross' was 12.29% in the last 50 years, as per the data shared by Subu Trade.A portfolio manager at Revere Asset Management, Connor Bates, shared QQQ's chart and highlighted how the securities have trended upwards after the formation of this cross in the last five years/Meanwhile, Ed Yardeni of Yardeni Research said in his QuickTakes note that 'those 'golden crosses' tend to be bullish breakout patterns, indicating the possibility of a long-term bull market.'Why It Matters: According to Benzinga Pro, the SPY made a golden cross last week, and its current 50-day moving average of $587.15 was above its 200-day moving average of $582.68. Similarly, QQQ made a golden cross on June 23, and its current 50-day moving average of $515.59 was above the 200-day moving average of $503.23. After the truncated trading week on Thursday, the SPY was up 0.79% at $625.34, while the QQQ advanced 0.98% to $556.22, according to Benzinga Pro data. On Monday, the futures of the S&P 500, Dow Jones, and Nasdaq 100 indices were trading lower. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: Shutterstock This article Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here's What It Means For Investors originally appeared on
Yahoo
08-07-2025
- Business
- Yahoo
Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here's What It Means For Investors
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The S&P 500 and Nasdaq 100 indices have formed a 'golden cross' on their charts, indicating the possibility of a 'long-term bull market,' according to the experts. What Happened: According to an iShares MSCI World ETF (NYSE:URTH) chart, tracking the MSCI World Index shared by Barchart, global stocks have formed a 'Golden Cross' for the first time since January 2023. This comes as the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, also formed 'golden crosses' on their charts. Last time, when URTH formed a golden cross, where the 50-day moving average surpasses the 200-day moving average, the returns rose to 43% over the next two GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Historical data dating back to 1975 suggest that the formation of this positive technical indicator on the charts has led the S&P 500 index 88% of the time higher over the next year. The average return after a 'golden cross' was 12.29% in the last 50 years, as per the data shared by Subu Trade.A portfolio manager at Revere Asset Management, Connor Bates, shared QQQ's chart and highlighted how the securities have trended upwards after the formation of this cross in the last five years/Meanwhile, Ed Yardeni of Yardeni Research said in his QuickTakes note that 'those 'golden crosses' tend to be bullish breakout patterns, indicating the possibility of a long-term bull market.'Why It Matters: According to Benzinga Pro, the SPY made a golden cross last week, and its current 50-day moving average of $587.15 was above its 200-day moving average of $582.68. Similarly, QQQ made a golden cross on June 23, and its current 50-day moving average of $515.59 was above the 200-day moving average of $503.23. After the truncated trading week on Thursday, the SPY was up 0.79% at $625.34, while the QQQ advanced 0.98% to $556.22, according to Benzinga Pro data. On Monday, the futures of the S&P 500, Dow Jones, and Nasdaq 100 indices were trading lower. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: Shutterstock This article Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here's What It Means For Investors originally appeared on Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
02-07-2025
- Business
- Yahoo
The S&P 500 just flashed a highly bullish 'golden cross' technical signal
The S&P 500 flashed a golden cross this week, signaling potential for more gains. The 50-day moving average closed about the 200-day moving average on Tuesday. It's a sign of continued market recovery from Liberation Day lows. After hitting record highs in recent days, the S&P 500 just flashed an indicator for more gains ahead. On Tuesday, the index's 50-day moving average of 5,846.34 closed above its 200-day moving average of 5,837.96, a bullish technical pattern known as a golden cross. It's the first time the indicator has flashed since February 2023. Historically, the golden cross has been seen 38 times in the S&P 500since World War II. In over 70% of these occurrences, the index has closed higher a year later. This embedded content is not available in your region. A moving average is a commonly used technical indicator that tracks the average S&P 500 closing price over a set period of time. The appearance of a golden cross means short-term price momentum has eclipsed the market's broader trend, signifying the recent gains could shift the S&P 500's long-term trajectory upward. On the other hand, the bearish version of the signal is a death cross, which occurs when the 50-day moving average falls below the 200-day moving average. The S&P 500 and Nasdaq 100 flashed a death cross on April 14 this year at the height of the trade war volatility. Historically, a strategy of buying the index at the golden cross and selling at the following death cross has led to higher returns than simply buying and holding, Jeff deGraaf, Renaissance Macro's head of technical research, said in a note on Wednesday. The strategy has a win rate of 73%, with 27 out of 37 past trades ending in profit and an average gain per trade of 14.7%, according to Fidelity. Additionally, a crossover strategy has delivered 50% higher risk-adjusted returns than a simple buy-and-hold approach based on the Sharpe ratio, deGraaf said. The market has made an impressive recovery from April lows. Back in May, the S&P 500 broke above its 200-day moving average. The golden cross comes as market breadth is expanding and more stocks participate in the rally, a sign that the rally has sustained momentum. On Tuesday, 26% of S&P 500 components hit 65-day highs, deGraaf noted. By sector, financial stocks are gaining momentum. The Financial Select Sector SPDR Fund (XLF) hit a fresh 52-week high, and seasonal trends for bank stocks, coupled with a more relaxed regulatory environment, point to more gains ahead. Among consumer discretionary stocks, nearly 60% of names are making 20-day highs. If this sector of the market continues to improve, it could help confirm the next leg of the bull market. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
02-07-2025
- Business
- Yahoo
S&P 500 just saw its first ‘golden cross' in more than 2 years. Here's what comes next.
The S&P 500 is kicking off the second half of 2025 in style. For the first time in more than two years, the benchmark index tallied a bullish 'golden cross' on Tuesday. It was just the latest milestone for a recovery that has already earned a spot in the market record books. My wife and I have $7,000 a month in pensions and Social Security, plus $140,000 cash. Can we afford to retire? 'Finance makes me break out in hives': I inherited $240K from my parents. Do I pay off my $258K mortgage and give up my job? I'm a stay-at-home mom. Do I take a part-time job to spend more time with my kids — or get a job for six figures? My wife and I are in our late 60s. Do I sell stocks to pay our $30,000 credit-card debt — or do it gradually over 3 years? The stock market is hitting records — three reasons why top Morgan Stanley strategist sees more room to run Like its more downcast sibling, the 'death cross,' the golden cross is a popular indicator used by technical analysts as a gauge of momentum. It triggers when the 50-day moving average crosses above the 200-day moving average. The S&P 500 SPX hadn't seen a golden cross since Feb. 2, 2023, according to Dow Jones Market Data, during the early days of the current bull market. The index has gained more than 48% since then, FactSet data showed. To be sure, Tuesday's golden cross isn't the first bullish technical signal to emerge since U.S. stocks began their journey back from April's post-'liberation day'-tariff lows. A rare Zweig Breadth Thrust Indicator arrived in late April, just as the rebound was starting to pick up steam. Zweig breadth thrusts have a perfect record of anticipating further stock-market gains going back to at least 1982. On Friday, the S&P 500 tallied its first record-high close since February, capping off what Dow Jones Market Data had described as the index's fastest-ever return to record territory following a selloff of 15% or more. 'It's definitely a healthy sign for the market,' said Craig Johnson, chief market technician at Piper Sandler, about Tuesday's golden cross. 'Put that together with broadening participation and breadth, and we're setting up for a strong second half of the year.' History shows golden crosses have reliably presaged further gains, according to Dow Jones data. After a golden cross, the S&P 500 was higher one year later more than 71% of the time, with an average one-year return of more than 10%, according to data going back to 1928. By comparison, the average 12-month return for the index during any 12-month period since 1928 has been about 8%. Returns following the past 20 golden crosses have been even stronger, on average: In this sample, the one-year advance rises to more than 13%, with a hit rate of 85%. Unlike the previous golden cross, the latest one comes with the index just shy of Monday's record closing high. But that shouldn't make much of a difference in terms of what it means for performance over the next year, said Mark Arbeter, president of Arbeter Investments. 'The golden crosses have been great signals to get long the stock market,' Arbeter told MarketWatch in a phone interview Tuesday. He also pointed out that bullish golden crosses have been far more reliable than bearish death crosses, which involve the 50-day moving average dipping below the 200-day. The most recent death cross for the S&P 500 arrived in mid-April, after the worst of the selloff had already passed. Other notable golden crosses have graced the stock market recently. The Nasdaq Composite COMP tallied one on Monday, while shares of AI darling Nvidia Corp. NVDA saw a golden cross on Friday, Dow Jones data showed. Piper Sandler's Johnson also pointed out that small- and midcap stocks have started to pick up recently, helping the rally to broaden out a bit in yet another sign that stocks are developing in a healthy direction. Johnson said he expects the S&P 500 to finish 2025 at around 6,600. To be sure, there have also been some signs recently that stocks could be due for a pullback. MarketWatch's Mark Hulbert pointed out that the gold-platinum price ratio, a short-term market-timing indicator with an impressive track record, has just turned bearish. U.S. stocks were mixed on Tuesday, with the S&P 500 finishing slightly lower after logging back-to-back record closing highs. The Nasdaq Composite ended in the red as well, while the Dow Jones Industrial Average DJIA and Russell 2000 RUT both advanced. Ken Jimenez and Tomi Kilgore contributed reporting My job is offering me a payout. Should I take a $61,000 lump sum — or $355 a month for life? The last holdout bears are Democrats, these strategists say. Their capitulation could fuel the next leg higher for stocks. Trading in risky penny stocks is booming. Why it could be a sign of trouble ahead for the market. 'My whole financial world is upside down': I'm 'medically retired' at 51 with $428K in stocks. Is this enough to live on? 'There is tension in the house': I live with my daughter and her lazy boyfriend. She wants me to buy her house. Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
OneSpaWorld (OSW) Now Trades Above Golden Cross: Time to Buy?
After reaching an important support level, OneSpaWorld Holdings Limited (OSW) could be a good stock pick from a technical perspective. OSW recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. A successful golden cross event has three stages. It first begins when a stock's price on the decline bottoms out. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal. The third and final phase occurs when the stock maintains its upward momentum. A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon. Shares of OSW have been moving higher over the past four weeks, up 8%. Plus, the company is currently a #3 (Hold) on the Zacks Rank, suggesting that OSW could be poised for a breakout. Once investors consider OSW's positive earnings outlook for the current quarter, the bullish case only solidifies. No earnings estimate has gone lower in the past two months compared to 3 revisions higher, and the Zacks Consensus Estimate has increased as well. Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on OSW for more gains in the near future. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report OneSpaWorld Holdings Limited (OSW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
