The bullish case for U.S. stocks is getting weaker

The stock market, as measured by the S&P 500 Index SPX, is still trapped within its trading range. However, when SPX traded down through its 20-day Moving Average this week, coupled with the FOMC meeting’s conclusion, that seemed to get the ball rolling on the downside.

This is also a seasonally weak period for the market, so that is potentially contributing to the bearish argument as well. The support at 4330 is what really matters, though, and as long as that holds, SPX is still in its trading range that extends back several...

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These stocks could break out to new highs on a market-friendly Fed decisionThese are the stocks to watch for a break above previous 52-week highs of the Federal Reserve appeases markets on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »

Housing market tightens again as inventory hits historic lowsRising interest rates discourage buyers and sellers.
Source: washingtonpost - 🏆 95. / 72 Read more »