- Stocks face intensified Stage 4 breakdowns, with major losses across NYSE amid persistent bearish trends.
- Tariff tensions, especially on Canadian steel, drive significant market declines, signaling potential economic slowdown.
- Metaplanet boosts Bitcoin holdings, signaling investor confidence in crypto amid stock market volatility.
The market is witnessing turbulence as Stage 4 breakdowns intensify. According to TrendSpider, several stocks on the NYSE are displaying pronounced declines. APAM fell by 5.81%, RLJ dropped 3.35%, and GAP decreased by 3.18%. Moreover, NSC recorded a 2.56% loss, while HAYW declined by 1.94%. These movements highlight an ongoing bearish trend, with several stocks continuing downward trajectories.
Weinstein Dashboard Highlights Bearish Trends
The “Stage 4 In Force” section of the Weinstein Dashboard also indicates bearish momentum. FICO rose by 1.62%, and NOW gained 3.05%. However, these were exceptions amid the general decline. MSCI slipped by 0.66%, reinforcing the broader negative trend.
Weekly candlestick charts for FICO, NOW, MSI, WAL, and MSCI revealed persistent downward trends. FICO is trading at $1,722.85, and NOW at $808.40, both below their moving averages. Similarly, MSI dropped to $411.73, WAL to $73.65, and MSCI to $541.72. The position of moving averages above current prices underscores prevailing bearish momentum.
Market Volatility Driven by Tariff Tensions
Meanwhile, growing tariff worries caused the U.S. stock markets to lose a lot of money. The S&P 500 dropped 10% from its top of 6,144.15 on February 19 to 5,528.41 points. A market correction is indicated by this decline.
Market fear heightened after President Donald Trump’s plan to impose tariffs on Canadian steel and aluminum to 50%. The S&P 500 saw its biggest one-day decline since December 18 on Monday, wiping out more than $1.3 trillion in market value. Last Monday, a 10% fall was also confirmed by the tech-heavy Nasdaq. The S&P 500 has dropped more than 3.4% over the last two sessions, which is the biggest decrease since early August.
Cryptocurrency Movements Reflect Market Uncertainty
Japanese investment firm Metaplanet boosted its Bitcoin holdings against the fall of the stock market. At an average price of $83,123 per coin, the firm acquired 162 BTC, worth approximately $13.5 million. Its holdings of Bitcoins are at 3,050 following this acquisition, worth approximately $253.7 million. To fund additional acquisitions of Bitcoins, Metaplanet also raised $18.2 million from its 8th Series of Ordinary Bonds.
This strategic expansion mirrors actions by MicroStrategy, which plans to raise $21 billion for Bitcoin investments. Consequently, Metaplanet’s aggressive approach signals confidence in cryptocurrency amid traditional market volatility.
