Apple, Tesla, Dogecoin, and Fedex are among the best stocks, cryptocurrencies, and exchange-traded funds (ETFs) to keep an eye on.
High volatility and abrupt reversals are expected this week as a result of the March triple witching and the Fed decision, warning traders to brace themselves and take defensive measures. Fedex Corp. (FDX) is expected to report a profit of $4.65 per share on $23.32 billion in earnings on Thursday, leading a weak earnings calendar. The shipping behemoth failed to break out in August, plunging into a precipitous slump that culminated in a 36 percent drop last week. Given surging commodities and the collapse of international markets, fears of plummeting volumes don't seem far-fetched.
Stocks
Apple Inc. (AAPL), a Dow component, has outperformed its peers in recent weeks, with long-term bulls refusing to sell their prized shares. Regardless of the love affair with all things iOS, one unchangeable aspect of bear markets could cause a lot of heartache in the future. Market generals, in particular, are the last to fall in the early stages of bear markets, incurring massive psychological harm and increasing broad-based selling pressure.
In February 2022, Tesla Inc. (TSLA) failed to break above the 2021 high of 900.40, falling to a 6-month low of 700. In March, it made a comeback, but stalled at fresh resistance and the 200-day moving average. The selloff on Friday could indicate the end of that recovery effort, setting the stage for a potentially disastrous test of the February bottom. The.786 Fibonacci retracement of the May to November rise is also marked on that trading floor, indicating the last line of defence for wounded bulls.
Crypto
In April 2021, Dogecoin (DOGE) rose from $0.17949 to $0.6999 in just three weeks. The bubble then burst, wiping out all of the rally's gains by late June. Unfortunately for bulls, the cryptocurrency breached 7-month support in December, resulting in mixed action in January, followed by a continuous drip fall that has now brought it within a few clicks of the all-time low in February. Worse, this market's volatility has vanished, allowing gravity to hold control despite profoundly oversold technical signals.
ETFs
In January 2021, the iShares MSCI Emerging Markets Index Fund ETF (EEM) broke above 12-year resistance at 50 and climbed to the historic 2007 high of 55.83. The fund then reversed course, failing both breakouts in a long-term slump that was accelerated by Russia's invasion of Ukraine. This historic failure might herald a long-term bear market in Russia, China, and India, with lots of room to fall to the 2020 low of 30.00.
With our new ETF performance breakdown, you can keep up with the latest price action.
