The market will give you a heads - up before a 10
percent pullback, CFRA Research Chief Investment Strategist Sam Stovall said.
At any point in time, an investor should be prepared for a 10 percent to 20
percent pullback.
Bitcoin Cash declined nearly five percent, while Cardano's nine
percent pullback made ADA one of the day's worst performers for the second consecutive day.
Litecoin, ranked fifth, declined by about one percent to $ 208, while NEO's three
percent pullback dropped its price to just above $ 130.
The Litecoin price posted a four percent decline to $ 154, while eighth - ranked NEO made a five
percent pullback to $ 107.
It achieved this mark despite declining one percent for the day because NEM — the former occupant of the 10th spot on the market cap charts — endured a four
percent pullback that dropped its market cap below $ 5 billion.
Bitcoin Cash, ranked fourth, was hit with a four
percent pullback that forced its price down to $ 1,225.
Not exact matches
As for the market itself, the
pullback that has brought major averages into correction territory — 10
percent or more declines — has made valuations much more attractive.
He called for a 30 to 50
percent stock market
pullback in 2012 and 2014, as well.
Twenty - seven
percent of all small - business owners said they plan to pull back on spending, versus 19
percent in the retail trade, the lowest level of
pullback among the five sectors for which there are enough respondents to split out sector - level results.
Oil prices have skyrocketed around 40
percent since the middle of 2017, with Brent crude rising to multi-year highs above $ 71 a barrel, before a
pullback last week wiped out its gains for 2018.
On Feb. 8, the Dow Jones industrial average, S&P 500 and Nasdaq composite all closed about 10
percent below record highs set Jan. 26, notching the first
pullback of that magnitude since 2016.
Taken together, the stronger credit and trade data would appear to still support the consensus view that China will see only a modest
pullback in GDP growth to around 6.5
percent this year, after a forecast - beating 6.9
percent in 2017.
A Morgan Stanley strategist thinks equities can surge more than 14
percent from their current levels despite their recent sharp
pullback.
Salesforce's stock is still up nearly 30
percent year to date despite the
pullback, and Lang noticed that the moving average convergence / divergence, or MACD, indicator, which helps technicians predict when a stock could change direction, made a bullish crossover.
For the past several weeks, the greenback has plunged in value, dipping more than 1
percent last Wednesday alone — its biggest one - day
pullback in 10 months.
In the event of a reasonable market
pullback (say, a few
percent), and assuming market internals were still intact at that point, I would be inclined to increase our call option position toward about 2 % of assets, which would provide good exposure to any market advance that might begin from that lower base.
A bad day for bitcoin and other cryptocurrencies arrived, as a big
pullback saw prices drop nearly 10
percent among major coins.
We haven't yet observed a
pullback of even a few
percent over these weeks.
Since hitting a late - March high, Shopify Inc (NYSE: SHOP) shares have shed about 19
percent, and one analyst views the
pullback as an opportunity to add to positions in a high - quality franchise.
On the other hand, if someone has enough in their account to handle a four
percent withdrawal and they need to live on four
percent, then a market
pullback for a 100
percent equity portfolio will have a substantial affect on retirement plans at least in the near future.
As per CoinMarketCap, total trading volumes for BCH have dropped 84.2
percent over the last four days, indicating that the
pullback from the record highs is largely «corrective» in nature.
News.Bitcoin.com Bitcoin markets experienced a bit of a
pullback on October 23 as prices dipped roughly 3
percent after reaching new highs this past -LSB-...]
Presently, the digital currency is in a
pullback, having reached close to the 50
percent Fibonacci retracement levels of the fall from $ 2,800 to $ 854.3135.
If it doesn't find support at $ 45, which is the 50
percent Fibonacci retracement of the
pullback from $ 32.681 to $ 57.729, it is likely to fall to $ 42 and after that to $ 38 levels.
If the digital currency breaks below $ 240, it is likely to fall to $ 223 levels, which is the 78.6
percent Fibonacci retracement level of the
pullback from $ 200.15 to $ 310.7.
Currently, the digital currency is in a
pullback that is likely to be arrested at either $ 458 (38.2
percent Fibonacci retracement) or extend to $ 427 (50
percent Fibonacci retracement).
However, if prices correct and the long position is initiated around $ 420 levels, please keep the stop loss at $ 390, because a
pullback that falls below the 61.8
percent Fibonacci retracement levels usually retraces the whole rally completely.