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

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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »