BTIG: Bulk of the bounce is done, durable market bottom still ahead

The market rout from a week ago triggered some tactical buy signals, leading to a recovery in stocks over the following days, clawing back of the week’s losses.

BTIG also points out that market sentiment remains mixed, with put/call ratios returning to levels last seen in April, which is a positive sign. However, the NAAIM exposure index, which tracks the average stock market exposure of active investment managers, is still elevated, exceeding typical levels observed during market washouts.

BTIG maintains a favorable outlook on real estate investment trusts , noting their ability to hold at the breakout point, but it views homebuilders as vulnerable as long as they stay below key resistance levels.) ETF consolidating while testing the $225 level for the fifth time in recent months. “A breakout seems imminent in our view,” strategists said.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

BTIG says S&P 500 will be stuck in a range, but thinks these stocks can outperformJonathan Krinsky, chief market technician at BTIG, said the broader index's recent choppy moves are likely to continue.
Fuente: CNBC - 🏆 12. / 72 Leer más »