{"id":63504,"date":"2025-03-06T02:00:46","date_gmt":"2025-03-06T07:00:46","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=63504"},"modified":"2025-03-07T13:06:34","modified_gmt":"2025-03-07T18:06:34","slug":"market-trends-march-6","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/03\/06\/market-trends-march-6\/","title":{"rendered":"Weak Dollar Saves the Day: Market Trends"},"content":{"rendered":"<p>Downloads are available\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-public-materials-Oct-2024b.zip\">here<\/a>. ADR list is <a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/20250306-ADRs-UPDATED.zip\">available here<\/a>. TradeStation\u2019s ideas on TradingView are available <a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\">here<\/a>.<\/p>\n<p>Check out our next \u201c<a href=\"https:\/\/streamyard.com\/watch\/s4RYVfeAQsRR\" target=\"_blank\" rel=\"noreferrer noopener\">State of the Market<\/a>,\u201d on Monday, 3\/10.<\/p>\n<h2 class=\"wp-block-heading\">Sizing Up the Market<\/h2>\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 slides but holds January low<\/li>\n<li>Index tests 200-day MA<\/li>\n<li>Index at falling trendline from December and January<\/li>\n<li>RSI stays above oversold<\/li>\n<li>Intermarket:\n<ul class=\"wp-block-list\">\n<li>10-year Treasury yield holds 4.1 percent<\/li>\n<li>VIX still above 20, under December peak<\/li>\n<li>U.S. dollar weakens sharply<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div id=\"attachment_63511\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-63511\" class=\"wp-image-63511 size-large\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250305-1024x490.jpg\" alt=\"\" width=\"1024\" height=\"490\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250305-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250305-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250305-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250305-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250305-1080x516.jpg 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250305.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-63511\" class=\"wp-caption-text\"><em>S&amp;P 500, daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n<h2>Dollar Weakness Boosts Risk Appetite<\/h2>\n<ul>\n<li>Europe&#8217;s STOXX50 index up 5 percent in last month, outperforming S&amp;P 500 by widest margin since November 2022<\/li>\n<li>U.S. dollar index on pace for worst week since November 2022<\/li>\n<li>German politicians look to create $540 billion debt-financed defense-spending plan\n<ul>\n<li>Plan would remove 2009 &#8220;debt brake,&#8221; allow more deficit spending<\/li>\n<li>BofA: Plan would &#8220;meaningfully&#8221; change economic outlook<\/li>\n<li>UBS: &#8220;Genuine value case&#8221; based on fundamentals as investors reallocate from growth<\/li>\n<li>Has <a href=\"https:\/\/www.tradestation.com\/insights\/2024\/06\/02\/7-catalysts-stock-movement\/\">investor rotation<\/a> begun?<\/li>\n<\/ul>\n<\/li>\n<li>Greenback double weakness: Japanese yen <em>weakens<\/em> against Euro but <em>gains<\/em> against U.S. Dollar\n<ul>\n<li>Gold and silver also gain<\/li>\n<\/ul>\n<\/li>\n<li>S&amp;P Global: China stocks may benefit from mandate to invest insurance premiums in domestic equities.<\/li>\n<\/ul>\n<table style=\"height: 96px; width: 100%; border-collapse: collapse;\">\n<caption><strong>Global Stocks vs S&amp;P 500<\/strong><\/caption>\n<tbody>\n<tr style=\"height: 24px;\">\n<td style=\"width: 25%; height: 24px;\"><\/td>\n<td style=\"width: 25%; height: 24px;\"><span style=\"text-decoration: underline;\"><strong>5-day change<\/strong><\/span><\/td>\n<td style=\"width: 25%; height: 24px;\"><span style=\"text-decoration: underline;\"><strong>21-day change<\/strong><\/span><\/td>\n<td style=\"width: 25%; height: 24px;\"><span style=\"text-decoration: underline;\"><strong>YTD change<\/strong><\/span><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 25%; height: 24px;\">S&amp;P 500<\/td>\n<td style=\"width: 25%; height: 24px;\">-1.9%<\/td>\n<td style=\"width: 25%; height: 24px;\">-2.5%<\/td>\n<td style=\"width: 25%; height: 24px;\">-0.7%<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 25%; height: 24px;\">ADR basket<\/td>\n<td style=\"width: 25%; height: 24px;\">+0.3%<\/td>\n<td style=\"width: 25%; height: 24px;\">+3.5%<\/td>\n<td style=\"width: 25%; height: 24px;\">+7.4%<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 25%; height: 24px;\"><em>Source: TradeStation Data, Citi<\/em><\/td>\n<td style=\"width: 25%; height: 24px;\"><\/td>\n<td style=\"width: 25%; height: 24px;\"><\/td>\n<td style=\"width: 25%; height: 24px;\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 class=\"wp-block-heading\">Upcoming Events<\/h2>\n<ul class=\"wp-block-list\">\n<li>Earnings tonight: AVGO COST HPE<\/li>\n<li>Mon 3\/10: ORCL earnings<\/li>\n<li>Tue 3\/11: JOLTs job openings<\/li>\n<li>\u00a0Tomorrow\n<ul class=\"wp-block-list\">\n<li>8:30 a.m. ET: Payrolls<\/li>\n<li>12:30 p.m. ET: Powell speech<\/li>\n<\/ul>\n<\/li>\n<li>Wed 3\/12: CPI, crude oil inventories<\/li>\n<li>Thu 3\/13: PPI<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Downloads are available\u00a0here. ADR list is available here. TradeStation\u2019s ideas on TradingView are available here. Check out our next \u201cState of the Market,\u201d on Monday, 3\/10. Sizing Up the Market S&amp;P 500 slides but holds January low Index tests 200-day MA Index at falling trendline from December and January RSI stays above oversold Intermarket: 10-year [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":63321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276],"tags":[],"class_list":["post-63504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weak Dollar Saves the Day: Market Trends | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2025\/03\/06\/market-trends-march-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weak Dollar Saves the Day: Market Trends | Market Insights\" \/>\n<meta property=\"og:description\" content=\"Downloads are available\u00a0here. 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