SP500 Index Breaks Out of Descending Channel: StockMarket stocktobuy stockmarketcrash
Ultimately, this is a market that I think will continue to be very noisy, but it’s very likely that we will see an attempt to get to the 4000 handle. It’s at the 4000 handle where I think there is significant resistance due to psychology. Perhaps the market is simply trying to recover from an oversold condition, but as we are in the midst of an important earnings season, I think that you will have to deal with a lot of bit of volatility.
Ultimately, this is a market that I think will have to pay close attention to a lot of different things, not the least of which will be the Federal Reserve. As long as they are going to be very, then it’s very difficult to imagine that the S&P 500 is going to have an easy time going higher. However, price action is what you need to pay attention to the most, because that is the thing that get you paid.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Why the analyst who called summer stock-market bounce now sees more S&P 500 upsideStifel's Barry Bannister is standing by his call for a summer rally in the middle of a secular bear market.
Les mer »
US Dollar Index extends pullback above 107.50 despite hawkish Fed bets trimThe US dollar index (DXY) has given an upside break of the consolidation formed in a narrow range of 107.37-107.46. The DXY is aiming higher and may f
Les mer »
Australia: Leading Index growth rate slows in June – WestpacBill Evans, Analyst at Westpac offers his afterthoughts on the Australian Westpac-Melbourne Institute Leading Index. Key quotes “The Leading Index’s g
Les mer »
Launch Of DC Power Index Prize To Honor Ukrainian Ambassador, Capitol Police Officer, Covid BioethicistThe inaugural DC Power Index Prize will honor Ukraine’s ambassador to the United States Oksana Markarova, Capitol police officer Caroline Edwards and National Institutes of Health bioethicist…
Les mer »
The Lipstick Index is out. Meet the Nail EffectThe lipstick effect is not only about lipsticks or even color cosmetics. It is about brightening moods inexpensively.
Les mer »