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.
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