Chart analysts see encouraging signs for stock market, Nvidia despite September's poor history

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 72%

Dow Jones Industrial Average News

NVIDIA Corp,Invesco S&P 500 Eql Wght ETF,S&P 500 Index

September is a seasonally weak period for the stock market, but some key technical indicators point to a potentially strong month.

Wall Street is heading into a weak seasonal period after some August turbulence, but chart experts see reasons for optimism. Several technical analysts from Wall Street shops published bullish notes over the Labor Day weekend. Strong market breadth was one highlight, embodied by the recent rally for the equal-weighted version of the S & P 500 .

5, has many traders prepared for some downside movement in the weeks ahead. However, the S & P 500 did finish August up more than 2% for its fourth straight positive month, closing above 5,600. "While we would still prefer a dip into 5400-5450 before a sustained breakout, the lack of any downside has us questioning that view.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Analysis of Nvidia's stock chart ahead of the big earnings reportTodd Gordon breaks down the stock chart on Nvidia and how he is investing accordingly.
Source: CNBC - 🏆 12. / 72 Read more »

The next big market catalyst after Nvidia: September Fed decisionA September rate cut could boost the S&P 500's return by more than 5% in the next six months, Barclays said.
Source: CNBC - 🏆 12. / 72 Read more »

These stocks could see a good September after forming a 'golden cross' chart patternStocks ended August higher, but some standout names have carved out a bullish chart pattern and are set up for further gains.
Source: CNBC - 🏆 12. / 72 Read more »