The decade-long bull market in stocks — and particularly the rally from the December low — has created a horde of disgruntled bears lurking for a chance to scare. Their chance may be approaching.Last week the S&P 500 Index SPX, +0.14% tested the long-term trend-channel support shown below and bounced. However, as projected here last week, the bounce didn’t last, and this week brought a second test of the trend channel.
Originally published in the April 28, 2019 Profit Radar Report, the image below outlines my preferred scenario in broad strokes.Projecting a 600-point decline last month was bold, but the S&P 500 already got 150 points closer to the ideal eventual “revenge target” of around 2,350 . Bear revenge speed bump No. 2 Let’s suppose support at 2,800 does fail — the next “speed bump” would probably come into play around 2,700. Why?
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Ça c bon merci vous assurer tros bien
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Big company CEOs got a 7% raise last year — worth $800,000Median pay for CEOs at S&P 500 companies rose to $12 million in 2018, as companies tie more of the compensation to stock prices still near record levels. 🖕 Wouldn't it be nice if median pay for teachers went up 10 fold? Wow. Just wow. Unashamed.
Källa: latimes - 🏆 11. / 82 Läs mer »
Crowd psychology says this ‘fool’s rally’ in stocks could fool bearsStrategist: A number of indicators suggest the stock market could extend gains Offf
Källa: MarketWatch - 🏆 3. / 97 Läs mer »
What’s the main driver for the stock market: trade, earnings or the Fed?U.S. stocks on Friday wrap up a Byzantine journey into negative territory, a period that began with the worst day for stocks since January, but was followed by sessions marked by uncanny intraday swings that helped equities to limit losses.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »
Phantom $4 Billion Joins Accounting ‘Land Mines’ Shaking Chinese MarketKangmei Pharmaceutical, the drug company at the center of one of China’s biggest corporate crises, suspended trading in its stock after admitting it had been secretly buying its own shares. great progress, nice post. We are exited that our crypto community is growing fast. Check our partners instacryptonews they growing really fast. Remind’s me of Trump calling himself a $10billion-naire Oh how shocking. Institutionalized corruption in China.
Källa: WSJ - 🏆 98. / 63 Läs mer »
Uber is a 'once in a generation company' but the stock is going nowhere, Susquehanna saysSusquehanna has a neutral rating on the stock and a price target of $42 per share. It was an opportunistic business that didn't try to solve a problem so much as it exploited a deficit. All businesses that do this will end in flames. Basic economic principles predicted this fate and I am dumbfounded why so much money was put into it. Stupid!!! Hey just like this generation!! Here's the simplest guide you'll ever read on how to buy stocks
Källa: CNBC - 🏆 12. / 72 Läs mer »