With stocks at an inflection point, it’s time to look at the world like a technical analyst

Some traditional TA — or technical analysis — believers see a breakout happening.

• In our analysis at The Arora Report, the breakout is suspect at this time because it is not decisive and it happened on quadruple witching, when a range of options and futures expire.• The chart shows The Arora Report “buy” signal on Christmas Eve at the low of the market.• RSI shows that the overbought condition has been relieved. This augurs well for a breakout.

What to do now Since the market is at an inflection point, in addition to watching the chart of S&P 500 SPX, +0.37% , investors ought to consider the following:• Earnings growth is slowing. This poses serious headwinds.• Investors ought to consider following a proven model that has performed well in both bull and bear markets and that includes not only technical analysis but also fundamental analysis, macro and quantitative analysis.

• Keep an eye on price action in recent momo darlings such as Broadcom AVGO, +1.22% , Zscaler ZS, +0.13% , Etsy ETSY, -0.49% and MongoDB MDB, +2.79% .

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

U.S. stocks rise as investors keep wary eye on Boeing, Brexit developmentsU.S. stocks rise Wednesday, putting the S&P 500 and the Nasdaq on track for a third straight day of gains, as investors weighed conflicting data on the U.S. economy with concerns tied to the U.K.’s exit from the European Union.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »