A once-bearish chartmaster explains why stocks will regain momentum and rally after last month's pullback — and shares 8 investments that his charts say to make right now
that the index could tumble all the way to 3,200 — a scenario that he now believes is getting less and less likely.Where stocks are headed next, according to the chartsBased on his charts, Keller's hunch is that the S&P 500 is near the lower end of a longer-term uptrend. He's encouraged by the higher highs and higher lows the index has made in the last few months.
If the S&P 500 can get back above the crucial technical support level of 4,100 and hold it, which it failed to do in the first half of February, then Keller said the index could break through to 4,300 as new buyers come back into the market. "I think the challenge to this market is, we're one bad inflation headline — or good inflation headline, really — or one more hawkish comment away from that shocking things to the downside pretty quickly," Keller said.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The stock market is about to stage its strongest rally of 2023: Fundstrat6 reasons why the stock market is poised to see its strongest rally of 2023 over the next 2 months, according to Fundstrat
Weiterlesen »
The Equity Talk: Insurance leader making addiction and mental health a focus for CEOsMary Nasenbenny, chief claims officer at The Hartford, told Insider, 'These are medical conditions that have touched the lives of all Americans, myself included, with extended family members. Disability is a DEI issue.' Presented by UKGInc.
Weiterlesen »
What it's like being a crime-scene cleaner and how I became oneInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »
Top 21 books for real estate investing, financial freedom, leadershipA real estate investor who owns over 1,000 units shares the 21 investing, personal development, and leadership books that helped him find financial freedom at age 36
Weiterlesen »
Tesla Stock Drops While Other Automakers' Stocks Rise Following Tesla Investor Day — What Happened?What went wrong? Tesla held a big Investor Day event, yet at the end of it, Tesla's stock tanked and the stocks of competing automakers rose. I'm going to provide a few different perspectives here
Weiterlesen »
NJ Cannabis Insider Live Cannabis Business ConferenceOn March 8, NJ Cannabis Insider Live--known for its conferences, meetups and job fairs-- is bringing you a multi-track conference featuring an impactful combination of general sessions, breakout discussions, speed networking and vendor exhibition.
Weiterlesen »