The S&P 500 is sitting less than 1% from its July peak on Friday, clawing its way back to record territory after a rocky August.founder of TradingAnalysis.com, says one breadth indicator suggests new highs are around the corner.
"So, we have volume increasing and advancing, the advancers minus the decliners decreasing. I think we will make new highs here in the S&P," said Gordon. "The market has been really resilient. September, historically, is one of the worst months of the year, yet the S&P is up about 100 points so far this month. So on one hand you continue to hear about slowing global growth, but on the other there's really nothing pointing to a recession in the U.S. as long as the consumer stays strong," Tepper said Thursday on "Trading Nation.
TradingNation Our mission at is to build the social media platform that ends fake news
TradingNation Sell indicator! Dump it!
TradingNation
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks finished mixed as the Fed remains divided over further rate cutsThe Dow Jones industrial average, S&P 500 index, and Nasdaq composite all fell during US trading on Wednesday.
Source: BusinessInsider - 🏆 729. / 51 Read more »
U.S. stocks close mixed after Fed cuts rates but casts doubt on future stimulusU.S. stocks ended Wednesday flat to higher, after the Federal Reserve announced it would cut its benchmark federal funds rate a quarter percentage point, in...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks open slightly higher, buoyed by tech rallyStocks opened slightly higher Thursday, with tech shares leading gains. The Dow Jones Industrial Average rose 73 points, or 0.2%, to 27,220, while the...
Source: MarketWatch - 🏆 3. / 97 Read more »
Microsoft, energy stocks lift Wall Street at openU.S. stocks opened higher on Thursday, boosted by Microsoft Corp and energy stoc... Not good enough
Source: Reuters - 🏆 2. / 97 Read more »
S&P 500 loses steam after flirting with record territory as stocks end near unchangedThe S&P 500 flirted with record territory but lost steam ahead of the closing bell on Thursday, with major indexes ending on either side of unchanged.... Who cares? My money up 0.69%. I just invest in high yield stocks & ETFs. My only low yield one is VT Vanguard Global stock ETF. I want dividends to supplement our SS income. It is working. Who cares for Apple, Alphabet & crap.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves after hours: Steelcase, Etsy, Xilinx and moreSee which stocks are posting big moves after the bell on Sept. 19.
Source: CNBC - 🏆 12. / 72 Read more »