When you get used to a resilient stock market, it can feel a little disorienting when things suddenly start to zig instead of zag. We got a taste of that this week, as some days the market marched higher, and other days it sold off sharply. If you felt like you were on an emotional roller coaster, you’re not alone. And yet, after all that drama, the market ended up pretty much where it was last Friday.
During weeks like this, it’s best not to let the market wear you down. Instead, carve out some time this weekend to step back and look at things with a clear head. The Market Summary page is perfect for that, giving you a big-picture look at the major indexes so you can see what’s really happening beneath the noise. For example, the U.S. market may have been choppy this week, but how did the rest of the world hold up?
On the Market Summary page, click the Global Snapshot tab in the Equities panel. I like to start by sorting the list by the +/- SMA (200) column.
One thing that caught my eye was that Latin America grabbed the top spot and logged five straight up weeks. That definitely called for a close look, and, sure enough, the iShares Latin America 40 ETF (ILF) has been trending steadily higher since April 9.
Meanwhile, the U.S. market landed much lower on the list. Perhaps the absence of economic data and fading expectations of a December interest rate cut may be cooling things down a bit here at home.
Since the Market Summary page focuses primarily on the U.S. market, it’s a great way to check in on market internals such as breadth, sentiment, and the market’s overall personality. Do you see anything that suggests the bears are starting to gain control of the market?
Before you dive in, I highly recommend watching this video. Grayson Roze, our Chief Strategist, walks you through the top five market metrics he keeps an eye on. Plus, he throws in a bonus chart for good measure. So grab your favorite beverage, sit back, and follow along. Who knows? You might spot something even Grayson didn’t mention.
The market is an unpredictable beast. The better you get to know it, the more likely you are to spot the warning signs before they matter.
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StockCharts Tip. Download the Market Summary ChartPack to access 31 ChartLists of pre-formatted charts from the Market Summary page.
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