Stocks are at an inflection point — this is what to expect if you believe in technical analysis (via TheAroraReport)
Some traditional TA — or technical analysis — believers see a breakout happening.
• In our analysis at The Arora Report, the breakout is suspect at this time because it is not decisive and it happened on quadruple witching, when a range of options and futures expire.• The chart shows The Arora Report “buy” signal on Christmas Eve at the low of the market.• RSI shows that the overbought condition has been relieved. This augurs well for a breakout.
What to do now Since the market is at an inflection point, in addition to watching the chart of S&P 500 SPX, +0.37% , investors ought to consider the following:• Earnings growth is slowing. This poses serious headwinds.• Investors ought to consider following a proven model that has performed well in both bull and bear markets and that includes not only technical analysis but also fundamental analysis, macro and quantitative analysis.
• Keep an eye on price action in recent momo darlings such as Broadcom AVGO, +1.22% , Zscaler ZS, +0.13% , Etsy ETSY, -0.49% and MongoDB MDB, +2.79% .
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks rise as investors keep wary eye on Boeing, Brexit developmentsU.S. stocks rise Wednesday, putting the S&P 500 and the Nasdaq on track for a third straight day of gains, as investors weighed conflicting data on the U.S. economy with concerns tied to the U.K.’s exit from the European Union.
Read more »
Forget Falling Chip Prices, Micron Stock Is CheapEven though chip prices continue to fall, the big chip maker’s shares are oversold amid early signs of stabilization.
Read more »
These Miracle Plastic Containers Keep Berries Day-One Fresh For Almost 2 WeeksI'm not kidding!
Read more »
Clayton Kershaw is ‘motivated by greatness,’ but at 31, can his body keep up?Kershaw and the Dodgers are facing two big questions about the future, one of them short-term and relatively benign, the other long-term and loaded with big-picture implications for both athlete and team.
Read more »
Indianapolis children's museum removes Michael Jackson's hat and gloves but will keep some photosThe world's largest children's museum is removing three Michael Jackson artifacts from display, but it is keeping photos of the King of Pop in an exhibit honoring a young AIDS patient
Read more »
Opinion | A derelict commander in chief: Trump can’t keep us safeTrump does not know who the most deadly enemies are
Read more »
Top US general refutes report that military could keep nearly 1,000 US troops in SyriaGen. Joseph Dunford, the chairman of the Joint Chiefs of Staff, is refuting a Wall Street Journal report that the US military was developing plans to keep up to 1,000 troops in Syria, calling it 'factually incorrect.'
Read more »
When your adult children keep asking for money, here’s what to doA struggle for loving parents who don’t want to drain their retirement savings.
Read more »