Gold and 200-Day Moving Average With gold trading at levels not seen in 40 years, there is potential for price stabilization or correction in the coming months, as historical trends show that gold often remains flat for 1 to 6 months after such extremes. Image: BofA Global Research
Average Gold Returns After Trading Certain Distances from 200-Day Moving Average Gold is currently 15% above the 200-day moving average, suggesting short-term bullish sentiment. However, historical trends indicate that investors should brace for potentially flat returns in the following 1 to 6 months after such extremes. Image: BofA Global Research
Percentage of S&P 500 Stocks Above 200-Day Moving Average The percentage of S&P 500 stocks above their 200-day moving average is showing signs of a bearish divergence, which can be an early warning signal of a potential market correction. Image: BofA Global Research
Dow Jones Industrial Average Weekly Chart with Moving Averages The technical analysis suggests that the Dow Jones may potentially surpass the 42,600 mark in the near term, with the possibility of further gains towards the 45,200 level. Image: BofA Global Research
S&P 500 Index and Moving Average Crossover Signal The use of moving average crossovers, particularly on a weekly basis, can be a valuable tool for investors in managing risk to equity exposure. Image: Real Investment Advice
Market Breadth – Percentage of MSCI AC World Stocks Above 200-Day Moving Average The decline in prices and selling pressure in April did not have a negative impact on the breadth of the market. Image: BofA Predictive Analytics
U.S. Treasury Price vs. 200-Day Moving Average Should investors continue shorting U.S. bonds until bond yields exceed 5%? Image: BofA Global Investment Strategy
High-Yield Bonds vs. 200-Day Moving Average In search of higher returns, investors have been pursuing riskier investments through high yield bonds. While this strategy can be rewarding, it also exposes them to increased vulnerability if market conditions worsen. Image: BofA Global Investment Strategy
S&P 500 and Percent of S&P 500 Members Above Their 200-Day Moving Average The expansion of market breadth in the U.S. stock market indicates a broader participation of stocks in the market movement, suggesting potential for further upside. Image: Morgan Stanley Research
S&P 500 and 10-Month Moving Average The S&P 500 gained 10.6% in the first quarter of 2024, including dividends. This is the best Q1 performance since 2019. Image: Topdown Charts