The S&P 500 moved up 1.9% this week, recovering some losses from the last week. The Nasdaq Composite moved higher with a 3.7% gain.
Eight of the 11 S&P 500 sectors finished the week in positive territory.
Health care +3.1%
Information technology +2.8%
Consumer staples +2.4%,
Consumer discretionary +2.3%
On the downside
Real estate -0.8%
Investors are still in the “Buy the dip” mentality after the major recovery from the bottom mad in March this year, and confirmations made by the Fed announcing on Monday that it will start buying individual corporate bonds through its Secondary Market Corporate Credit Facility.
Alpha Over Beta Next Week Forecast
We predict the market is going to continue to be high volatility range trading in the coming days and weeks, the economy is not going well enough to sustain a major rally, BUT the fed and government is going to continue to pump liquidity into the markets and that alone that should support the current price levels. The market traders are not clear on the next market move as they were in previous weeks and this creates elevated levels of volatility.
We see the next key level as 3000, and then 2800.
AlphaOverBeta uptrending watchlist
Using AOB Dashboard to spot trending opportunities in the market.
We have a number of specific stock picks from the above sectors in our website,
You may find all of AlphaOverBeta trades in the Real Time Trading Updates of our website
Find Your API Keys
Once you log into your Alpaca account, go to your account overview page. On the overview page, there should be a little section on the right-hand side that has keys or will let you generate some API keys.
Remember, you need to keep these secret. If your keys are somehow leaked, be sure to reset them as soon as possible.
Once you can see the keys, copy them into the input fields accordingly.