• 518 days Will The ECB Continue To Hike Rates?
  • 519 days Forbes: Aramco Remains Largest Company In The Middle East
  • 520 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 920 days Could Crypto Overtake Traditional Investment?
  • 925 days Americans Still Quitting Jobs At Record Pace
  • 927 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 930 days Is The Dollar Too Strong?
  • 930 days Big Tech Disappoints Investors on Earnings Calls
  • 931 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 933 days China Is Quietly Trying To Distance Itself From Russia
  • 933 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 937 days Crypto Investors Won Big In 2021
  • 937 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 938 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 940 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 941 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 944 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 945 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 945 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 947 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Can Stocks Get Over The Hump This Time?

Stocks Have Stalled In This Area Previously

The recent push off the Fed meeting low has brought equities back to a familiar area. The chart of the S&P 500 below shows the upper blue line has acted as resistance three times in the last six months (see orange arrows).

$SPX S&P 500 Large Cap Index INDX


Reaction To Economic Data

Investors' reaction to this week's economic data will most likely determine the market's short-term fate:


Tech, Industrials Side With Bullish Odds

This week's stock market video shows numerous areas of potential resistance, along with recent positive developments in the technology and industrial sectors.


Investment Implications - The Weight Of The Evidence

While the market's appetite for risk has improved significantly in the wake of the last Fed statement, the economic and stock market bulls still have some work to do. The evidence we have in hand aligns with an equity-friendly investment stance. However, the market's recent bipolar nature calls for flexibility until the bulls can take out overhead resistance.

 

Back to homepage

Leave a comment

Leave a comment